Does a deed in lieu on a commercial loan hurt your personal credit?

I’m a developer that is trying to keep my personal credit rating good who has a subdivision loan that is going back to the bank as a "deed in lieu". The loan is in a LLC but I'm personally guaranteeing it. I have agreed with the bank to pay off the negative equity on a separate note. There will be no lawsuits or judgments placed if the new note is paid per the agreement. I was told by an attorney that a foreclosure (we didn’t talk about a deed in lieu) on a commercial loan that is personal guarantee will eventually show up on my personally credit report. But I was also told by a couple of bankers that it probably will not show up? Does anyone no for sure or who I could ask? Thanks for the help:)