(though for the record, I wish pit bulls no harm whatsoever).

No harm no foul you are good, you get all money owed to you.

Should the project fail, it can be very harmful to you financially for many years - if not the rest of your life - and extremely inhibits your ability to have future success in the real estate business, or even buying or renting your personal residence.If I understand your post correctly, you can expect ever member of the LLC to be required to be personally liable and financially responsible for repayment of the debt.I would imagine a non-recourse loan would probably have a much higher loan-to-value ration to ensure a safer loan and higher interest rate because of the higher risk factor.Did anyone track how many financial institutions had liquidity problems, closed, or were sold the past 10 years?

@Sam Jackson,It is great you have good intentions to help these people.However, this may be a situation where you could do more harm than good.

Should one or two small investments become challenging, it will be less financially harmful to you and more easily corrected.

Sounds pretty negligible to me.That being said, there's no harm in continuing to call the smaller banks to try and find better terms.

So there's no harm in offering what you're comfortable paying now - the worst they can say is no!

You might want to read our series about “How to Screen a PMC Better than a Tenant”, since selecting the wrong PMC is usually more harmful than selecting a bad tenant: https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processes

Then a person must be harmed.

Not everyone agrees that they're harmful, but when I drive under them, my radio gets static.8.