Partial Pledge of Collateral - Business Line Of Credit

[Bryan Hancock]

Have you ever carved out a portion of collateral to use to pledge for a loan? For instance, you may own 50% of a building free and clear and wish to use your interest as collateral for a loan.

I am assuming your partner in the project being used as collateral would want some compensation for being able to use the property as collateral. Is there a standard amount of compensation for this or a way to make both parties happy?