A named partner (part of the fund name) has left and the fund has been renamed.  

Once either is setup, you can certainly direct the funds into real estate; buy properties directly, buy into other people's deals, invest in promissory notes and other debt investments.

To fund this project, we raised capital from individual investors and contributed our own funds to secure financing.

This can be a big roadblock if you need funds sooner to secure deals.2.

It's under S corporation, has a bank account, and funds are being used to construct.     1st project for us. will speak to my CPA this week.But wanted to ask bigger pocket community how to go about re:  filing the taxes. 

How to Structure the Deal to Protect Your $20KIf you’re willing to cover the $20K arrears, here’s how to protect yourself:Option 1: Secure Your Funds with a Lien or Escrow AgreementUse an escrow account: Deposit the $20K into escrow with clear terms—if the assumption is denied, the funds return to you.Record a promissory note & lien: If the deal falls through, this would give you a legal claim against the property to recover your funds.Option 2: Sub-To + Wrap While You AssumeSubject-to deal: Take over the existing loan payments before assumption approval, securing control.Escrowed deed transfer: The seller signs the deed into escrow only to be recorded after assumption approval, ensuring they can’t back out.Lease option fallback: If the assumption is denied, consider a lease option agreement until another solution is found.Option 3: Negotiate a Seller Financing HybridAsk the seller to carry a small second note for the $60K equity gap at favorable terms.Use your $20K as a down payment, structured as a secured loan against the property.3.

Hi BP Community,I’m a first-time investor from New Jersey with excellent credit and most of my savings/investments in stocks and funds.

What is the most efficient way to set this up at the closing table so that funds can be allocated with the least tax burden on all?

Since you will be using the funds for construction, you will most likely be paying in draws as the work is completed, so you can draw on the line in similar fashion.

Hehe, I can check but it is a multi million dollar fund.