Bank Loan with someone else credit

[Clara Lau]

Hello.

I have bought a single family rental last year and deed it under a LLC. I have a 50% private financing on it for 12%.

I am still building my credit rating. I would like to explore if I can partner with a friend who has good credit rating to get a conventional bank loan.

I can structure it for a 50-50 if she would put in some capital as well while I do all the management.

However, if she is not keen on investing in real estate but is willing to let me do loans using her credit, how can I structure this? What are the typical incentive that I can give her? What sort of risk is there besides wreaking her credit rating?

Thanks
Clara