Refi Into Trust

I own a 2 unit property. I would like to refi the property to reduce the monthly payment. I would also like to deed the property into a trust setting my LLC as the beneficiary. Can all of this be done in one transaction? Please advise.

Comments(2)

  • cjmazur24th May, 2004

    any reason the extra layer of a trust?


    I don't see why you could open escrow, sell to trust for what you owe (?), trust gets mortgage (?) and closes escrow

    out side escrow, establish trust whose benificiary is the LLC.

  • fancyyounginvestor24th May, 2004

    If I sell to LLC, do I have to obtain a commercial loan? I want to get a new loan on the property to lower payments. Currently, the property is my primary residence and I am looking to move. I am renting one unit and want to rent both. :-?

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