[WSBARP] Securing a loan for an individual to acquire an LLC interest.

[Craig Gourley]

Listmates, I have a scenario where an LLC that owns real estate wants to sell a membership interest and carry the contract.   Apart from the potential securities issues, how do we secure the debtors note to the LLC?  Just a UCC against the membership interest?   I am wondering if there is a more creative solution.  Thanks in advance!

GOURLEY LAW GROUP
THE EXCHANGE CONNECTION
SNOHOMISH ESCROW
P.O. Box 1091
Snohomish, WA 98291
PH:  (360) 568-5065 (800) 291-8401
Fax: (360) 568-8092

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