Lender takes Title at closing

[Michelle Bey-Williams]

My LLC has made an offer on a SFH in the Chicagoland area. We have been in discussions with a lender through Flipping Depot called Sunway Realty that has agreed to fund our deal and has pretty decent terms. They are different from a Private Lender and a Mortgager, as they want title at closing, with a separate contract between our company and them which would pay us at resale or “refinance,” Has anyone done business with them or is anyone familiar with that process? I’m assuming that they will receive any tax benefits arising from owning the property versus our company on title. Advice?

[Kevin Romines]

I don't know them or anything about them, however their "how it works" video told me they are no different in their terms than any hard money lender would be, maybe even worse, and yet they are on title and have ownership? 

You have to bring in a 20% down payment and they also share in the profits.....it sounds very expensive to me and not like a model that would allow you the control you would want to have? Maybe I misunderstood, but on the surface, not a deal I would put any of my borrowers in?