Refinancing an LLC-owned investment property

[Daniel Patton]

I have a property a bought under my LLC and rehabbed using hard money. I now need to refinance using a conventional mortgage. Does anyone have any recommendations on banks that offer low interest rates for an LLC-owned investment property? Plan on renting it out...

[Rishi B.]

@Daniel Patton I recently transitioned away from mortgages in my personal name to borrowing in an LLC and can connect you to my lender if you PM me. In my experience, while these types of banks are commonly referred to as "portfolio" lenders, many think they need a portfolio of properties in order to qualify, but the term "portfolio" is actually in reference to the fact that these loans are held on the bank's balance sheet as their portfolio and aren't sold off. You can in fact get an LLC loan for just one property.