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Updated over 5 years ago, 05/13/2019

User Stats

16
Posts
2
Votes
Michael You
  • Rental Property Investor
  • Cupertino, CA
2
Votes |
16
Posts

Lent money to fund a deal, now can't get a call back

Michael You
  • Rental Property Investor
  • Cupertino, CA
Posted

Middle of last year, I lent money to fund a flip and close on a development deal. Both were meant to short term, 3-6 months until the flip sold, or until the development deal found a longer term investor. Now, after repeated attempts to contact the borrower by phone, text, or email to get any information, this person has gone radio silent. 

The flip deal is unsecured, the development deal is secured in 2nd position. 

What are my options to get money back? Any thoughts / ideas greatly appreciated. 

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