Although this is true, it is not 100% guaranteed that you'll be on the same page about everything which is OK.

It is also my understanding that many lenders still require a personal guarantee for properties held in an LLC.

I've heard of people selling loans with guarantees, but I haven't been involved with one myself, nor do I know anyone who exercised the option.

I can guarantee that most owner/operators are not aware of these details.

It's no guarantee but it's a good place to start.

Does the owner of the business always have to personally guarantee the loan with their credit profile?

It's no guarantee but it's a good place to start.

We return text messages as soon as we receive them, because it guarantees both sides are informed and date stamps the conversation. 

Do they offer some sort of Guarantee? 

I guarantee you can find a younger, more upstart builder in your market who would be over the moon to have a PARTNER in things to pump up volume in a rapid sense, and would cut a far better deal.