b'bewell-versedinDelawaresLPandlimitedliabilitycompanyActs. Additionally, your dispute wont get put on the docket alongside other civil and criminal matters that could cause it to take much longer to litigate. Finally, the limited liability company and limited partnership Acts in the state of Delaware generally favor business owners over individual investor rights, which can often stop a syndicate or fund dead in its tracks.Title-Holding LLCsFor Loan Balances Over $10M Ifyourloanbalancewillbeover$10M,anyagency(government backed) debt, such as Fannie Mae and Freddie Mac loans, will require that the title holding entity (SPV) be formed in Delaware, because their loan documentsaredraftedinconformancewithDelawarelaw.Theywill additionallyrequirethatyouobtainanopinionofDelaware-licensed counsel that the entity is validly and duly formed in Delaware; that the members have the authority and right to enter into the loan agreement; and thattheloandocumentsareenforceableinthestateofDelaware.This Delaware opinion will generally cost $3,500-$5,000.Once the title-holding entity is formed in Delaware, you will also need to register it as a foreign entity in the state where the property is located so thatitcanlegallyconductbusinessthere.Youwillneedtomaintaina registeredagentandpayannualduestobothstatesforthedurationof property ownership. 229'