Cash out Refi in a LLC

[Gerald Lunetta]

I just got a property under contract. It doesn't need much work, after I get it rented I want to cash out refi. I've read a few things saying it's hard to do a cash out refi under and LLC so should I just put the property in my name?

[Alex Bekeza]

@Gerald Lunetta It depends what is most important to you. Commercial loans which allow LLC vesting are pretty competitive right now but will never be an apples to apples with fannie/freddie loans if those are viable for you. Figure rates for a 30 year fixed will range from the mid 4s to 6s for the commercial side on 1-4 units. LLC vesting is not the only perk of these. They also have no personal income verification (no tax returns or pay stubs), have no cap on the # of financed properties owned (great to scale), and rely mainly on FICO and subject property cash flow (DSCR).