Arm's length transaction clarification

[Joe Bruck]

Is buying property from your management company considered a non arm's length transaction?

i'm in the process of doing a delayed financing exception and the lender is requesting that the purchase should have been a arm's length transaction.  

[Yonah Weiss]

@Joe Bruck Are you an owner of your management company? 

I'm not a lawyer, but I believe an non-arms-length transaction, is only when in is transferring legal ownership, but is essentially owned by the same person (or immediate family member). If you have no ownership in the management company it should be considered  a regular arms-length.