NOW i want you to pull together as much capital as you can and open a bank account then take out a secured loan and go open another account at another bank and do it again , your LLC will have a credit score and then you can obtain credit cards and you can close the loans after that or even open a secured credit card, you will be able to acquire the loans unsecured once you have established a score, he also stated that after the FIRST SECURED LOAN you would then qualify to open a Lowe's account, Home Depot, ETC, BY DOING THESE STEPS YOU WILL BE ABLE TO CONTROL YOUR ABILITY TO ACQUIRE CREDIT AND GET LOANS VERY QUICKLY!

Then it is completely unsecured since its just a note with no security instrument.Even if it was a recorded 2nd its 100% LTV.

Yes, everything I am looking at is secured by CRE and not unsecured peer to peer.

If you do find someone to give you a loan (secured or unsecured) think about the exit strategy, cash flow and time frame you agreed to.

Based on what I read your investment was essentially an unsecured debt for the company which invested in secured debt.

At best the optionee's payment for the option might make him/her an unsecured creditor in the estate.

Do you want secured loans or unsecured loans?

The loan could be unsecured or secured against real estate.

What typically is the showstopper for investors is thinking they can get 100% financing for acquisition and any work on the property - which essentially is an unsecured loan or a very large credit card. 

What causes boot in an exchange is: going down in value, pulling cash out of closing, or paying off unsecured debt out of closing.