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I have a 19 unit apartment building that I am refinancing right now. I've always owned this in my person name rather than a Limited Liabiliy Company. The lender is asking what the borrowing entity will be. Short on time now in the refinance window, I am thinking of using my Family Living Trust as the borrowing entity. Is there any downside to having the Living Trust as the borrowing entity? After the refinance, I can always quit claim over to a Limited Liability Company if I decide.