Transfer to LLC

i created an llc with my brother. i am going to buy a property on my name to get a better rate. once it is in my name, i will transfer it with a quit claim deed to the llc. i understand i will keep the loan under my name and i will be getting the tax deduction on interest of the property. is this correct?

now my real question is, will we incurr in tax implications such as gift? will the llc have to pay for tax on house over $13k when the llc sells the house?

thanks!!