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Updated over 6 years ago,
lending money 70k |10% return| 6 months| 100k collateral
Hello all,
I am needing some help with an offer. Someone wants to borrow $70,000 for 6 months at a 10% interest rate. The collateral is a lot, according to the tax record the lot is worth $100,000.
Advice, suggestions, feedback.
Any help would be great,