The sale failed and he still owns it.One of the potential solutions is to use an SBA 504 loan for the real estate. 

I might have a private lender referral that does rural loans in Mid-MO if you're interested. 

Quote from @Devin James: Im currently learning this lesson with New Builds that have taken twice as long to complete than anticipated.....Finishing a Real Estate project ASAP is critical because...1) Holding Costs add up quickly- Loan Interest- Property Taxes- Insurance2) Investor Capital- Our financial projections are dependent on how fast we can turn our investors capital.

Another thought - are you considering an FHA loan on the next one?

My question is: How do I properly take the interest that my LLC has put into the new LLC and give it to my person for the purposes of getting a loan from the bank through a refinance.

SubTo is taking over someone elses loan.

Hey Everyone,I have a potential investor I've been working with that is planning to use investors edge for their loan.

Speak with lenders - and consider that although they might agree they could lend to you today - they might not be able to when you need the loan.Unless the existing debt has no due-on-sale provision, there will always be a risk of the underlying loan being called.If it were to be called due:1.

Give me a shout if you have questions, but here's the short of it.Best financing is going to be from a bank or a conventional construction loan.

What they will offer you is an appliance package, or closing cost help, or a low fixed rate loan.