Personal Guarantee for LLC - Asset Protection?

[Steven Tawresey]

So I understand LLCs. I'm not looking for a lesson on the benefits. I am 1 fax away from having an attorney set up my multi-member entity, Operating Agreement, etc.

I also understand the reasons why banks don't like lending to new LLC's and why they need a personal guarantor when using a commercial loan to the LLC.

My question is, doesn't that ruin your separation of liability? For example, the LLC buys a property using a commercial loan guaranteed by my personal credit. If that LLC gets sued for whatever reason, can't they come after my personal assets?

I'm looking at out-of-state buy and holds in particular. Living in Denver doesn't give me many options currently.