Challenges with Second Trust Deed

[Alex Sinunu]

Looking for some clever ideas. 

I am trying to do a Second Trust Deed private loan in California. The borrower has credit union loans in first position. The covenants with credit unions are saying borrower can not add a loan in second position without written approval from the lender. 

Is there another route to take? Goal is to find strong collateral for the loan. 

Thanks