Insurance Bonds, has anyone used them for collateral

[Jason Meyer]

Has anyone ever used an Insurance Bond to get hard money and guarantee the payback from that? Here is the situation, I have plenty of properties for collateral but all have firsts and some seconds on them. A lot of the hard money lenders don't want to take out the hefty first to get to first. So instead of property can I use an high risk insurance bond to guarantee payback? Someone mentioned it to me but I have no idea how it would work.