I have a client with an unusual situation:

- Pre-Revenue company, merchant with poor credit
- Needs $150k for supplier payment (goods already manufactured)
- Has Residential Real Estate valued $2MM, existing mortgage of $1.1MM
- Willing to use property as collateral for $150K loan
- The plan is the use $150K to pay supplier - Buyer will issue PO upon goods on US soil, so we will factor ultimate invoice to the buyer to pay off the $150k loan.

Does anyone know of a lender who might be interested in such a scenario?