Using OPM to fund a deal - How do they legally give me the funds?

[Connor Augustine]

Hey! I am in the process of helping my dad do a cash out refinance on their primary so we I use the cash to fund another deal.  I do not want to have his name on the properties because my other investors do not want hands-off investors.  My question is how can he give me that money without there being some sort of huge 'gift' tax associated with the transaction?  Some have said that we can structure it as a loan where I pay my dad back over time but I am unsure if this is the best way to structure this.  Please let me know if you have been through this or have any advice.  Thanks!