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Updated over 14 years ago,

Rod Mcdaniel's profile image
Rod Mcdaniel's profile image
Rod Mcdaniel
  • Member since Jun 26, 2010
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Rod Mcdaniel's profile image
Rod Mcdaniel's profile image
Rod Mcdaniel
  • Member since Jun 26, 2010
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Rod Mcdaniel
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13
Posts
Mortgage Brokers & Lenders

What can be use as collateral and leverage?

Rod Mcdaniel
Posted

Ok guys, I need a little professional insight and guidance!

I’ve obtained a commitment to fund a project from lender A (65%). Can I use the LOC as leverage or collateral to secure additional funding from lender B (35%) to close the deal?

If so, what is the best way to approach the this?

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