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Account Closed
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Question on Series LLC (SLLC)

Account Closed
Posted Dec 28 2019, 16:25

Hello. Does anyone know how the below scenario would work out?

Four partners investing in real estate under a Series LLC operating in the state of Texas.

What happens when we transfer money for a downpayment to a specific partner who will then take out a conventional loan? (Or if we transfer the money after the fact to reimburse the partner who paid upfront.)

Our lender is accepting of a deed transfer to a land trust.

Thanks!