Silent Partner Obligations on Comm RE Financing

[Everett Kenyatta]

I'm setting up a deal to bring on a silent partner at 49% ownership for a daycare business and my business plan has the daycare purchasing locations over the next 5 years.  Is a lender going to require the silent partner to obligate himself because he's a 49% owner?

[Account Closed]

I think so.  Most banks require anyone with over 20% ownership to be a signer.