Refinancing using LLC

[Account Closed]

Hello BP, i'm interested in doing a syndicate deal. My first idea is to get a sponsor because i do not have the credit, history & etc, for the bank loan for the maximum LTV and will be under a LLC which will have a number of different investors.

My second idea is to get one of the LLC's Partner (Maybe different from the sponsor) to refinance getting the maximum LTV for the purpose of cash-out to paid back the investors and used the extra for purchasing more properties.

Is this plan possible and realistic?