I am thinking about refi’ing a beach condo in Myrtle Beach, SC that I rent out to a negetive amort. or POA. I am looking to improve the cash flow, since it is very seasonal. The property is in the LLC’s name and I would prefer the new loan also be in the LLC also
I bought it last year for 240k, with 80k down. My credit score is 700-720, but the LLC has never had any credit of it’s own. What type of points and interest rate should I expect? What impact would doing a cash out refi have?