To be clear, I don't think there is a deal here but I have been wrong before. Client has a personal property recently appraised at 3MM. Has a 1st and Second totalling 65% or 1.9MM.

Wants 200k to pay for litigation on a soon-to-be settlement of 5MM, taking him up to 70-72% LTV. Soon to be is 9-12 months in my book. He thinks sooner.

How amazing is the client you ask! Let me tell you.

He sold his dental practice and building to the company he is litigating with. So his credit is crap and his revenue is retirement and fixed income at this point.

Again, I don't know who or if anyone has an interest in this type of deal but I am inquiring anyway.