When the mortgage is paid off/all payments have been made the title is transferred into my name.

Or transfer from another inter-company account, spend or lost it.

This may change depending on how confident I am after having done this for a while though.Just doing some very quick and basic research, it seems that around 5-6% cap rate is around the norm for Nanaimo.

The home would also be transferred into the name of the new buyer and no lien would be placed on the home. 

Meaning they can say because there was a title transfer they are owed their full loan amount and they can initiate the foreclosure process to recoup their loan balance.

If not is there some way of getting the loan and transferring the property to the LLC afterwards?

If she doesn't want to transfer the whole property to your sister, I don't recall your mentioning what kind of property it was, she could transfer it to a new trust or LLC and sell part of that to your sister and then your sister might be able to pursue a loan.I would also talk with a local banker about refinancing some of your mom's high rate debt, just that might free up some cash-flow and that always helps.As a last resort you mom might have to sell some property to get funds to bring the the remaining holdings on line and up t speed.  

If approved, loan contracts draft out for signing between borrowers and lenders. transfer to him/her 4.

Another one on the other end of the spectrum is if a property is passed to kids, the taxable value is stepped up to current values at time of passing, so a 30k place that was held for 30 years and is worth 280k could have had $0 estate tax and then sold for $0 capital gains but if sold or transferred before death would have tax on 280-30=250k, ouch!

Would they be willing to do a 1-year note at 10% and allow you to "transfer" the funds to your next project?