Can a llc with a 1 yaer cedit history get a house loan?

Colin
Can a LLC that has been managing the rental and mortgage payments on a house get a loan for the house? The curent loan is on personal credit. The LLC 's been managing collection from renters and payment to mortgage co for a year. The house is already deeded to LLC. Can it now assume the loan or refinance in it's name?

Lavona
With only a year's worth of history, a natural person as guarantor may be needed. Much will likely depend upon the LTV.

Camilla
Unlikely, but possible. There aren't many banks willing to lend directly to an LLC, but they are out there. You'll likely need an attorney involved, and make sure your LLC bank account has 6-12 months PITI reserves. If all the money ever in there is just the rent going in and out, you'll get nowhere.The fact that you deeded the property to your LLC could have triggered the "due on sale" clause on your mortgage. Time for you to find a competent real estate attorney. If you want to get sophisticated with your real estate investing, you need to pay the price for it. It will pay for itself in the long run many times over to get it right today.