Refinancing: Company Debt vs. Mortgage Debt

[Steven Segal]

Essentially, I have about 20 units in one LLC. This LLC was given a loan from the guys that I work for an amount of capital to do my own deals. Essentially, these guys put pooled together personal money to create a fund, and I purchase and rent/sell houses for them, and I am paid in commish. The money is secured by future commish from our arrangement. None of the properties have a mortgage or any type of debt attached to them.

In this case, would I be able to refinance these properties? Or if the company debt:equity ratio is already at 75%, would they consider the company already too leveraged?