Will Silt lend directly to a trust?

Generally the borrower is an LLC; a trust can sit behind that LLC as the owner of the membership interest, with individuals identified as guarantors.

Are series LLCs accepted?

Reviewed case by case, since state law on series LLCs varies; confirm with the desk before relying on the structure for a specific property.

If I transfer my rental into an LLC, will my current lender call the loan?

It depends on your mortgage's due-on-sale clause and your lender's actual practice — an attorney should review the specific language before you record the deed.

Does moving a property into an entity reset the refinance seasoning clock?

Generally no; seasoning is typically measured from the original title date, though the desk will confirm the chain of title.

Can Silt or its desk tell me if a transfer is legally safe in my state?

No. That is a legal question for an attorney familiar with your state and your existing mortgage, not something the lender can advise on.

LESSON 6 OF 66 MIN READ

Can I use a trust or transfer an existing property into an entity?

A DSCR loan generally needs to close in a standard LLC or similar entity rather than directly in the name of a trust, though a trust can often sit behind the entity as an owner of the membership interest, with individuals behind that trust identified and guaranteeing personally. Series LLCs are treated case by case because state law on their liability separation is inconsistent, so confirm treatment with the desk before assuming one series can be pledged independently. Transferring a property you already own into an entity — whether to refinance it under Silt or simply for asset protection — can trigger the due-on-sale clause in any existing mortgage, and that risk needs to be evaluated by an attorney before you record a deed, not discovered afterward.

THE NUMBERS

Minimum DSCR	0.75 (0.75–0.99 prices at +62.5 bps, 70% LTV cap)
Maximum LTV	80% purchase or rate-and-term · 75% cash-out
FICO floor	660 (below that the desk does not lend)
Loan size	$100K – $3M single · $10M portfolio
Reserves	6 months PITIA · 12 months on a portfolio
Prepay options	5-4-3-2-1 par · 3-2-1 +25 bps · 1-yr +50 bps · none +87.5 bps
Typical days to close	21–30 days from a signed term sheet
Rate sheet	Silt Rate Desk — Market Composite Sept 2026 · effective 2026-09-01

ILLUSTRATIVE — published program floors, not a quote or a commitment to lend. Subject to underwriting, appraisal and final credit approval.

Can a DSCR loan close directly to a trust?

Generally the borrowing entity on Silt's DSCR product is an LLC or similar formal business entity, not a bare trust, because the loan and guaranty structure is built around identifiable individual owners standing behind a company. Where a revocable living trust or similar vehicle is part of an investor's estate plan, the more common structure is for the trust to hold the membership interest in the LLC, with the trustee or beneficiaries identified as the individuals who guarantee the loan. Ask the desk early if a trust is part of your intended structure, since documentation requirements grow with each additional layer.

How are series LLCs treated?

A series LLC is a single entity that creates internal 'series,' each intended under some states' statutes to hold assets and liabilities separately from the others — but not every state recognises series LLCs, and even where they are recognised, lenders and title companies vary widely in how comfortable they are financing an individual series rather than the parent entity. Because that legal treatment is genuinely inconsistent across jurisdictions, confirm directly with the desk and with your attorney whether a specific series LLC works for a specific property before relying on the structure. This is not a question with a single market-wide answer.

What does it mean to transfer an existing property into an entity?

If you already own a rental personally and want it titled in an LLC — whether for asset protection, to prepare for a DSCR refinance, or as part of broader estate planning — that transfer is executed by recording a new deed moving title from your individual name to the entity. It is a straightforward mechanical step at the county recorder's office, but it is not a step to take casually if there is an existing mortgage on the property, for reasons covered in the next section. It is also worth discussing with a CPA, since a transfer can have tax and insurance implications separate from the mortgage question.

What is due-on-sale, and why does it matter here?

Most mortgages contain a due-on-sale clause allowing the lender to demand full repayment if title transfers without its consent, and transferring a property from your personal name into an LLC is, on its face, exactly the kind of transfer that clause is written to cover. In practice many lenders on owner-occupied loans do not call the loan when a transfer is made into a wholly owned LLC for estate-planning purposes, and some protections exist for certain transfers, but whether any of that applies to a specific loan, in a specific state, on a specific transfer, is a legal question with real consequences if answered wrong. Do not transfer a property with an existing mortgage into an entity without an attorney reviewing that mortgage's actual due-on-sale language first.

Does transferring into an entity change anything for a subsequent DSCR refinance?

If you transfer a property into an entity and then come to refinance it with a DSCR loan, the seasoning clock for a cash-out refinance is generally measured from when you — or your affiliated entity — first took title, not reset by the transfer into the LLC, though the desk will want to see the chain of title and confirm continuity of ownership. Vesting the property in the entity before applying is, in fact, the direction most investors are moving anyway, since the new DSCR loan will close in that entity regardless.

Where should I go for the legal and tax questions here?

Whether a trust, a series LLC or a straight transfer is the right structure for your situation depends on your state's law, your existing mortgage's specific language, and your broader estate and tax planning — none of which the lender is positioned to advise on. Silt's desk can tell you what the loan program requires of a borrowing entity and what documentation a given structure will need; an attorney and a CPA are the right people to tell you whether that structure is the right one for you to build.

Structures at a glance

Trust as sole borrower	Not typical; trust usually holds membership interest in the LLC instead
Trust behind an LLC	Trustee/beneficiaries identified and guaranteeing personally
Series LLC as borrower	Case by case — confirm with the desk and an attorney per state
Transferring an owned property into an LLC	Deed transfer at the county recorder — mechanically simple
Existing mortgage on that property	Due-on-sale risk — attorney review needed before recording
No existing mortgage (owned free and clear)	Due-on-sale risk does not apply; transfer is more straightforward
DSCR cash-out seasoning after transfer	Generally measured from original title date, not reset by the transfer
Who advises on structure choice	Attorney and CPA — not the lender

General description of how these structures are typically approached, not advice for your specific property, state or existing mortgage. Confirm any transfer with an attorney before recording a deed.

WHAT WE NEED FROM YOU

Trust agreement (if applicable). Identifying trustee and beneficiaries behind the entity.
LLC formation and operating agreement. The entity that will actually be the borrower.
Deed evidencing prior transfer. If the property was moved into the entity before applying.
Title chain / vesting history. Used to confirm continuity of ownership for seasoning purposes.
Attorney or CPA correspondence (recommended). Not required by the lender, but sound practice before any transfer.

FREQUENT QUESTIONS

Will Silt lend directly to a trust?: Generally the borrower is an LLC; a trust can sit behind that LLC as the owner of the membership interest, with individuals identified as guarantors.
Are series LLCs accepted?: Reviewed case by case, since state law on series LLCs varies; confirm with the desk before relying on the structure for a specific property.
If I transfer my rental into an LLC, will my current lender call the loan?: It depends on your mortgage's due-on-sale clause and your lender's actual practice — an attorney should review the specific language before you record the deed.
Does moving a property into an entity reset the refinance seasoning clock?: Generally no; seasoning is typically measured from the original title date, though the desk will confirm the chain of title.
Can Silt or its desk tell me if a transfer is legally safe in my state?: No. That is a legal question for an attorney familiar with your state and your existing mortgage, not something the lender can advise on.

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Forming the entity LLC entity vesting on a DSCR loan Cash-out refinance seasoning All answers