No, it was secured but apparently he used the same collateral for every loan he took out. 

Quote from @Rodney Davis: They presented themselves as private lenders.

Quote from @Jeff Adolphe: @Kevin Collins How long does it typically take you to secure a house with REI?

Who at your firm is licensed to sell securities?

Consider all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

. #2 many private/hard money lenders will consider furnishings if the deal, including the furnishings, falls into their deal box.Believe it or not, it might be easier to include the furnishings in the deal with a significantly lower down payment if there is other rehab work to be done.

We are considering becoming a private lender with them and I am doing some background research on him and his companies and wondering if anyone has done any deals with them.

He is securing expensive debt, not debt through a bank, isn't putting any capital into the deal and structuring the equity investment in a highly risky manner without any upside offered to the investor.

Quote from @Benjamin Finney: I'm curious what real estate investors and private money lenders like myself use to inform their businesses strategy and predict future market conditions.

SupplyLas Vegas is unique because it is a tiny island of privately owned land in an ocean of federal land.