@Sang Kim- thanks for clarifying you are trying to get a commercial loan ...this is a  completely different product than a home loan ...You still should be able to  locate and obtain a good commercial loan  without  having to pay any fees upfront  ( other than possibly paying for the appraisal after the  loan has been  approved )

It may feel cumbersome, but their diligence reflects the level of security and service you can expect once onboarded.

I do not have the capital for the property to pitch in, so I plan to use the investors money to secure the property.The interest rate that I will pay the investor is 5% for up to a duration of 20 years.

I was hoping for some idea to secure the Promissory Note but it seems that's not available.Thanks for your response. 

Great location! 

This is especially true if you're trying to buy in the best location possible.

Investment Info:Small multi-family (2-4 units) other investment. 17 luxury duplex development located off of Galm Road in the vibrant growing North West San Antonio.

@Greg ReeseMost small investors will benefit by having the LLC created in the state where the property is located at.Creating an LLC in a state like Nevada, Delaware, Wyoming may be better for the big players if items such as charging orders, business friendly case law, anonymity are important to you.However, be mindful that setting up LLC's in those states will add to your costs as you may have increased annual fees for annual LLC fees + registered agent fees.

It’s such a great resource for learning and connecting with like-minded investors. where is your property located? 

Hello, I am located in West Lafayette not indy.