Minnesota Partnership Questions

[Daniel Vikhtinski]

Hello everyone,

I found a fix-and-flip deal where all the numbers look good except for the fact that I don't qualify for the loan due to not meeting liquidity requirements. Unfortunately, this means that I have to let this deal go, but it made me come up with a couple of questions about this situation:

Does anyone have experience in partnerships where one partner's only real requirement is to sit on the loan and potentially provide interest payments when needed during the duration of the construction? I've never seen a partnership structured this way or heard it talked about.

What would fair compensation for such a partnership even look like?

Any help is appreciated!

Thank you!