No, sadly I do not own any properties yet which is one of my issues with getting into investing, I don't have much(any) collateral.

If the lender is willing to play ball, and continue accepting payments, then her best bet is to come up with money to make the payments.I know of no way to possibly come up with $350K quickly without having something of value to use for collateral.

The Deed of Trust only ties the property to the promissary note as collateral for nonpayment.

Can T-bills be used as collateral and is it realistic to put it together in that short a time?

Should you become delinquent, they may be in a hurry to foreclose given that you may be the only property owner left in their portfolio with equity left in the collateral.

I asked at my credit union (where I have a business account) if I could get a business LOC with the property as collateral, and they don't do that.

As collateral, I can use 80% of FMV of any stocks or CD's, 90% of cash value life insurance, 90% of assessed value of my properties minus loan balances OR 80% of appraised value of my properties minus loan balances.I thought it was interesting that they will allow discounted collateral off of either the appraised value or assessed value, because there can be a huge disparity between the two (and assessed values are almost never accurate in my area).This particular lender will also occasionally do commercial loans on residential properties, but they will only do a couple of those normally (which is why I'm going for a BLOC).I am working on pulling my stuff together for them, so we'll see how this shakes out and how much I can get approved for...

That is why they have things like quality of collateral and revenue milestone clauses in their notes so they can call the note or replace you as the manager long before the borrower is seriously upside down in the deal due to declining values or company revenues.So, in short, unless there are some details you haven't shared the consensus is you are not likely to get the loan you are talking about.

We started very small, self financed using the unrealized equity as collateral, and did not need HMLs.

If you have a local bank you work with, they may be willing to work with you depending on your relationship with them though I am sure they will need some kind of collateral.