Have your investors spoken with any of the local banks? We recommend several including Sun Bank and Ocean City Home Bank. If your clients are looking for a terrific investment property in Hammonton, I have one located at 220 Vine Street, right in the heart of the business district. It has tremendous potential as a restaurant, convenience store, retail boutique or professional office!
I recommend going to this website which gave some solid information. It is called : Investing in Real Estate? Consider an LLC http://t.co/FbwCDiR via @AddThis.
Once you create your entity, contact a mortgage broker who can answer your financing questions.
A partnership is far weaker than even an LLC. I'm unaware of anyone willing to lend to a partnership. As for an LLC, it's possible to borrow in the name of the LLC if the partners agree to personally guarantee the loan. But lenders are very wary of lending money to LLCs unless they have a long history and are well established.
Besides, the investors shouldn't be going into it in a partnership structure in any case. Check with a lawyer for more information on that.
One other possibility--if the investors have money in IRAs--is to transfer some or all of their funds to self-directed IRAs. Then they can use that money for real estate investments. But it has to be done right.
Hope that helps.