Sunway Realty wants title at closing
My company has a high bid on a SFH and is awaiting a contract. We have been in discussions with Flipping Depot and Sunway Realty and they have preliminarily agreed to fund our deal at reasonable rates. However, they want to be on title as the buyer, rather than 1st lien holder. There is a separate contract that promises proceeds over loan amount to our LLC at resale or refinance. I’m assuming that this arrangement benefits them over us tax wise. Is anyone familiar with this process? Advice?