Question for Investors Doing Big Deals

[Andrew Freed]

I have a 32 unit under contract and am aiming to JV it. We already have the investors lined up, however our investors amount to about 8 or 9. We did give them an advisory type role in the project so they will be active, however don't wany issues on the security front. I know other investors set up JV's with debt instead of equity to not raise any red flags. For instance, the partners lend debt to the LLC at a certain return and the debt partners may participate in the upside. Anyone have advice on best practices to set up this entity?