Purchasing first property with foreign partner- how to structure?

[Robert J.]

Hello, I am looking for some input on how to structure the deal for my first residential home purchase.

Details:

-Parties are myself (US citizen) and my business partner (foreign national)

-We have another company that is not real estate related. My partner travels to the US often.

-We are looking at residential SFHs in the 1mm range. My partner will be providing the upfront capital. The question now is how to secure the lending. For example, 500k upfront capital, and 500k lending needed.

-I will live in the home, and we will rent out a portion to our other company for my partner to say in when in town. Avoiding the need for hotels.

-Our plan is to establish an LLC partnership.

Initially, I assumed we would need a commercial loan for this purchase. However, Im running into issues with A- Lending to an LLC with a foreign partner. and B- lending to an LLC for a residential purchase.

Another option presented was to simply take a residential loan personally. And add my partner to the Deed. This would give us more favorable and easy-to-find lending.  

Questions: 

-If I go the residential route. How would my partner provide the upfront capital? Would this need to be a "gift" to my personal account, that would need to sit in my account for a period of time before shopping loans?

-What is the best way to get my partner's ownership % established in that case? Add him to the deed. Or transfer the deed to the LLC after the purchase?

Any input is greatly appreciated.