Getting a Conventional Loan Under an LLC

[Lauren Hogan]

Buying a property that will eventually be owned by a LLC, as "child" of a series LLC. There are two owners, however, for the purchase of the property - one owner is paying all cash, the other owner will be financing their half - splitting the property 50/50 for ownership.

For the owner financing, what is the option(s) for getting a conventional loan that will then be quitclaimed to the LLC?

Can the owner financing their half get a loan for 50% of the property purchase price without including the other owner? Or would the loan need to be with both owners, putting a large % for the down payment, then quitclaimed to the LLC with an operational agreement that covers the split?

Any advice on either the loan portion or the LLC portion is appreciated.