Loaning money to my LLC

[Sally Primus]

I am part of a 4 member LLC. We are looking at buying a duplex for about $65k, rehab $25k(or less) with an ARV of about $120k. I have more cash than the other members, so I want to personally loan the money to the LLC for the purchase and the rehab. Then we will finance asap and then I will be paid back with interest. We will split the profit equally once we finance.

1) is there anything illegal or wrong about this?

2) what would be a reasonable interest rate on the short term loan?

thanks for the help! Other thoughts welcomed as well.