Setting up a partnership for a large multifam purchase

[Reggie Maggard]

Can my llc, with 4 partners or so, put money together for the down payment on a conventional commercial loan? Will those terms be different that if an individual was doing it? Any Kansas City area commercial lenders that can discuss this a bit?

[Ronald Rohde]

Originally posted by @Reggie Maggard:

@Greg Dickerson ok what is considered an ‘active role’...access to all financials? Equal decision making? Equal percentage of all profits? How would a buyout look?

 In general, yes. Don't need to be equal, but need to have veto ability.