I need some advice on entity structure for an apartment deal

[Jay Boyle]

Hi! I need some help planning the entities to hold my upcoming apartment purchase. I have an accepted LOI and we are working on the contract. it is 90 units in Arizona. The planned financing is 75% first mortgage bank loan, 20% private investor lender position (1-8 private investors; refi buy out in three years), 5% sponsor cash. I plan to aquire with an LLC. do I establish another LLC for the investors and that LLC has a second position lien on the property ? any advice about entities would be helpful. thank you all very very much. Jay