Do typical CRE loans have clauses disallowing the partial sale of the LLC holding the property?
My potential business partner is late in the process of buying a commercial property and is very close to securing regular financing from a bank (personal guarantee) using an LLC (5yr length, 25yr amortization, 4% interest, etc). 

I want to buy 50% of the property of the property and he is willing to remain as 100% liable to the lending bank.

Do CRE loans typically have clause disallowing the partial transfer of ownership of the LLC holding the property? I want to buy 50% of the property/LLC right after the close date. 

The state the LLC is in requires new owners to publicly file amendments that there is a new owner involved.
[{"id": "h2mcylw", "text": "Almost all of the bank loans have this clause but it says needs prior bank approval. Also the loan hasn\u2019t closed yet and this piece of the documents could be negotiated or agreed to prior to closing.", "replies": [], "depth": 1}, {"id": "h2mfcfz", "text": "This will trigger a bank loan review to approve the ownership transfer which is a sizable fee. Talk to the lender about changing the ownership now before closing the deal. Second best option is to request a pre-approved transfer with the lender post closing that may reduce the fee.", "replies": [], "depth": 1}, {"id": "h2n9dda", "text": "Hi there, \n\nThe true answer is that each set of loan documents is different. \n\nWhile transfer of interest clauses are common events of defaults in most loan documents, some lenders have specific carveouts. \n\nI have seen bank loans that allow a transfer of interest up to 25% without the lenders consent.\n\nEven CMBS loans usually allow a transfer of interest up to 49% without the lenders consent. \n\nThe key thing with most lenders is that they don't want a 3rd party they have not underwritten to have a majority or controlling stake in the entity. \n\nI agree with u/DRock5333 and u/VulcanMind1 that the smartest thing could be to approach the lender before the loan documents are executed and see if they'll let you be apart of the entity without personally guaranteeing the loan.", "replies": [], "depth": 1}, {"id": "h2nb1xs", "text": "**What you are contemplating, without a bank\u2019s pre-approval is, by technical terms, bank fraud and loan default**\n\nKnowingly baiting and switching the borrowing entity key owners immediately after closing? Yeah, that\u2019s bank fraud honey. You should read up on the legal definition of wire fraud too. \n\nBy non technical terms, it\u2019s shady AF and I don\u2019t continue to do business with shady people. What so many people around here fail to recognize is that I, as a lender, operate in a space entirely built on reputation. Another fun factoid, the lending world is tiny, close knit, and we talk. We talk quietly amongst ourselves . . . about who to pursue, who to avoid, and whose is a PITA. **You and your shady buddy are basically planning on ruining both of your abilities to build a RE portfolio by being shady**.", "replies": [], "depth": 1}, {"id": "h2toic0", "text": "That type of transfer will typically require lender disclosure/consent and would come with an assumption fee (1% of of UBP for conventional agency deals) + associated legal and admin cost. It will all be spelled out in the loan agreement.", "replies": [], "depth": 1}]