[Zach]

Zach, cut it out, man....seriously. NO WAY WBL will entertain this merchant for what they are looking for. $125K in alleged equity? Remember, that is what the merchant states, not what has been apprasied

Depending on the value of the property, we would absolutely consider this deal. He says he has one property with 50K of equity and another with 60K, which we can lend max 75% CLTV on ($82,500 if the properties were free and clear, which they probably won't be since he used the word "equity") and a truck that we can potentially get something small out of.

Of course, if the properties are worth 500K with a 450K mortgage on them, he would be past our max CLTV and we wouldn't make an offer.

If this merchant has any friends or family members that would be willing to utilize their property (so we have more collateral coverage), then we can do a max loan of ~$135 with our traditional program, and ~$180K with our BLOC program.