Tax Implications of transferring A Rental Property out of a multi member LLC to

Have a 50% stake in an LLC which was used to purchase a rental property for cash

Approached the Bank to refinance the property. Bank says I would need to take the loan in my personal name.

If I quit claim the property into my name am i going to get hit with a huge tax bill since its moving from an LLC owned by 2 members to just me.

Find another bank.

find a mortgage broker. “banks” won’t do anything that doesn’t fit their fill-in-the-blank business model.

any good broker should be able to find you a lender who will loan directly to an LLC with a personal guarantee.