They allow a non-occupant co-borrower.

I'm looking to open this company and borrow under the company's name.

I'm looking to open this company and borrow under the company's name.

It will be in foreclosure in most cases as most investors find properties after the Notice Of Default (or other legal notices) have been filed.More or less the period after the borrower has started having problems with the payments but during the period when the loan can be re-instated.Not the most precise definition but close enough to how most people use it.

I'm a Banker in Northern NJ and I have a borrower who needs some short term funding...

The LLC might own the property but the borrower on the loan remains the person who signed for the loan.

Many deals will never work for hard money but you would be surprised.In the past when I funded deals with hard money (as the lender) I found it very funny that borrowers wanted to split the profit rather than pay hard money rates.

At a 50/50 split (which I think is fair) Is it more or less profitable for YOU than if you borrowed hard money when all is said and done?

I purchased my home in January 2016 with an FHA 203K at 4.5% with a Non-Occupying Co-Borrower.  

To purchase this house, I was able to take out an FHA loan and then borrow a little from my IRA (which was paid back).