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02-01-2022, 10:54 AM #1
Reputation points: 10
- Join Date
- Jul 2021
- Posts
- 46
Personal Real Estate Backed MCA
Merchant looking for 350k willing to encumber his home,, Has over 1.5 mill in equity.. Need a super fast turn-around and close.. Any lenders that take residential prop as collateral and can fund in a day or two? Rev's in excess of 200k monthly
Client will also do a commercial loan for 750k to 1 mill if he can use his personal residence as collateral...No appraisal yet, just comps and insurance valuation
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