Posted by Ed Garcia on January 18, 2007 at 22:48:13:
There would be no reason not to secure them to the subject property. Even if you just use their money for down payment, you could give them a silent second and then record it after the closing.
I might have a few suggestions for you if I knew what you were trying to do.
You could substitute collateral, etc. An LLC would be of no value unless it had assets in it. Even then a prudent investor would prefer to lend against the assets, rather then to the LLC.