Posted by Randy (SD) on September 27, 2005 at 08:47:22:
Refinance first… not only will you most likely have a higher interest rate you may not get the loan at all, many lenders will not finance a property held by a legal entity such as a corporation or LLC.
Transfer to LLC or Refinance first? - Posted by Drew
Posted by Drew on September 27, 2005 at 08:42:41:
Should i transfer property into my LLC or refinance property first? Will i recieve a higher interest rate if it’s under my LLC?
Re: Transfer to LLC or Refinance first? - Posted by lukeNC
Posted by lukeNC on September 28, 2005 at 09:58:13:
You can refinance a property held by your LLC and many lenders will do this. Of course, you will probably have to still PERSONALLY guarantee the loan.