Private lending to an LLC

[Nicholas Mann]

Hello all,

I am considering doing a private money loan tied to a mortgage to a friend of mine. The mortgage of the property will or should protect my investment just like a bank mortgage (or so I hope). I received the mortgage paperwork and had my lawyer review it. My lawyer said that the note should also have the personal persons name on it as a guarantor as the note only has the LLC on it. My question to any hard money or private money lenders is it ok to do a loan just for the business or should it have the business owners personal name attached to it. Thanks for any replies