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Updated almost 2 years ago,
Guarantors on Loan to LLC
I am securing lending for an LTR. It is the first property our LLC is purchasing. There are 3 members and ownership is split equally. The plan was for me to be the sole guarantor. The lender wants the guarantor(s) to own at least 51% of the LLC.
Is this the standard?
Is there a good way to make one person 51% owner of the LLC but distribute ownership of actual assets equally?
Thank you.