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<p class="MsoNormal"><b><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:windowtext">Why not have the LLC as the Beneficiary of the Land Trust?
<o:p></o:p></span></b></p>
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<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif">Nestor Gorfinkel, Attorney at Law<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif">Licensed in Florida & Washington State<o:p></o:p></span></p>
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<p class="MsoNormal"><b><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:windowtext">From:</span></b><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:windowtext"> wsbarp-bounces@lists.wsbarppt.com <wsbarp-bounces@lists.wsbarppt.com>
<b>On Behalf Of </b>Robert West<br>
<b>Sent:</b> Tuesday, February 22, 2022 1:02 PM<br>
<b>To:</b> wsbarp@lists.wsbarppt.com<br>
<b>Subject:</b> [WSBARP] Loan Secured by Investment Real Estate-LLC v Trust<o:p></o:p></span></p>
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<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><span style="font-family:"Times New Roman",serif;color:windowtext">Listmates –
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<p class="MsoNormal"><span style="font-family:"Times New Roman",serif;color:windowtext">Client wants to purchase investment property using a LLC for asset protection. Lender will not loan to LLC, but will loan to client’s trust. I am curious how some of you
structure such a transaction and avoid a “due on sale” risk, if it is not exempt under Garn St.-Germain, by transferring ownership to the LLC after the loan funds, regardless whether a trust is even used in the purchase transaction.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Times New Roman",serif;color:windowtext"><o:p> </o:p></span></p>
<p class="MsoNormal" style="margin-bottom:12.0pt"><b><span style="font-size:10.0pt;font-family:"Times New Roman",serif">Robert E. West, Jr.
<br>
</span></b><span style="font-size:10.0pt;font-family:"Times New Roman",serif">WEST LAW OFFICES, P.S.<br>
Attorneys at Law<br>
332 1st Street NE <br>
Auburn WA 98002 <br>
Telephone: 253-351-9000 <br>
Facsimile: 253-833-5322<br>
E-mail: <i><a href="mailto:rwest@westlawoffices.com"><span style="color:blue">rwest@westlawoffices.com</span></a></i></span><span style="font-size:10.0pt;font-family:"Arial",sans-serif"><br>
</span><span style="font-size:10.0pt;font-family:"Times New Roman",serif">Website:
<i><a href="http://www.westlawoffices.com/"><span style="color:blue">www.WestLawOffices.com</span></a></i>
</span><span style="font-size:10.0pt;font-family:"Arial",sans-serif"><o:p></o:p></span></p>
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