How to protect personal money loaned to llc

[Joseph Cino]

I have been investing with 2 sets of partners for years. The structure is I loan the money to the LLC and collect interest on the money every month(interest only loan).

In the past I have had escrow record a note against each individual property as if I was the bank. I know this helps in case of a lawsuit, as well as when it comes time to sell and do the 1031 exchange, as we only have to spend the excess cash after loan paid off.

I am at that point again where I quit claim all the properties to an LLC and take them out of my name.

The problem now is I am dealing with dozens of properties and would like to find a simpler, more cost effective route if available, while still offering the protection needed.

I am wondering if I can simply create one promissory note and record it .

Note: I am in Cali, and LLC's are in Fl. and Illinois.

Any help appreciated,

Thanks,

Joe