Scenario:

Merchant needs 60k. Cashflow averages only 20k per month.

Has access to Real Estate. A single fam residence in NY. PV 1,000,000+ Currently has 350k in 3 mortgages. Needs 60k cash for expansion. Will consolidate 3rd mortgage of 40k with 60k if need be and remain in a 3rd position for a total of 100k.

Looking for 60k, flexible on terms. His cash flow is obviously insufficient for an MCA for this amount and he has no fico score. So ... I'm thinking hard equity or bridge loan? (60k may be too small for bridge?)

Any hard equity/bridge loan lender anyone can advise? merchant and property in NY.

Thanks