However,Working with a good attorney will make the process easier but having a good administrative structure will be critical because there are a number of steps must be followed for compliance...which makes the SERIES LLC a little more involved in setting up your standard entity.Happy to discuss further.

I would get with your property manager if you have one, or call one and offer a consultation fee for their time on how to go about structuring the invoice.

It's quite difficult to do (and sometimes illegal) when purchasing multimillion dollar multifamily properties through a syndication structure. 

If it's a more complicated structure than a single-member then I think the advice above is relevant.Most people asking in this context are usually looking because they need it to confirm a loan for an LLC they already have or just created and don't need anything fancy to start.

This makes it an essential tool in the capital structure, particularly in challenging financial circumstances.Overall, while both Mezzanine Debt and Preferred Equity have their unique benefits, the choice between them should be guided by the specific needs of the project and the financial goals of the investors.

Ideally, this line of credit would be structured at a set interest rate with interest only payments for a period of 60 months.

The risk profile for someone who's a local GC and has worked on structural rehab buying a portfolio in a building is quite a bit different.Also, situations like this where professionals can properly evaluate risk and bring in capital to solve the problem of said older folks is a way to earn income and make a positive impact (assuming you're not low balling the distressed, fixed income seller).

Lenders like Newfi who offer a full Non-QM suite and multiple rental property loans with different qualification structures (and brokers whose purpose is to do the same - as many options as possible) - can likely toggle how they are framing a loan even though it might look the same to the end borrower - if they are asking for Tax Returns they are likely on the back end structuring it as something else while it may look indistinguishable to you as the borrower

A little context: the building is structurally sound and they have done major updates such as septic, generator, and sprinkler system, and all mechanicals are recently inspected and tagged.

In these scenarios, they might structure the loan with a higher rate or more stringent terms.