not to the extent the Jackson MS bankers did.. but i can see this.there is a lot of that unsecured funding going around and I can see that going for a while until they start taking loss's.. 

He wants to invest with us at 5 points and 10%, unsecured.

The most I could probably get a personal unsecured loan for would be $40k and I don't have time to get a HELOC or for that matter have the equity in my primary since I just bought it this year. 

There was just one BIG problem that I hadn’t anticipated…One of my banks, at which my personal unsecured credit line is 40k, suddenly was no longer offering the 0% interest balance transfer promotion!

Bankruptcy court has said they have no assets for unsecured claims.And they got another 1/3 when the project started, first day.This was an old established company but a few years ago the owner retired and sold it to a man that has a sales, but not a construction, background. 

(A recorded trustee's deed (or similar alternative) confirming the amount paid by the grantee to trustee may be substituted for a settlement statement if a settlement statement was not provided to the purchaser at time of sale.)The preliminary title search or report must confirm that there are no existing liens on the subject property.The sources of funds for the purchase transaction are documented (such as bank statements, personal loan documents, or a HELOC on another property).If the source of funds used to acquire the property was an unsecured loan or a loan secured by an asset other than the subject property (such as a HELOC secured by another property), the settlement statement for the refinance transaction must reflect that all cash-out proceeds be used to pay off or pay down, as applicable, the loan used to purchase the property.

Are you sure that the bank will allow for an unsecured loan for a down payment?

@Shayna QueenEarlier this year i was looking into the same thing, my results was, my credit score droped about 50pts, however i got 25k in unsecured credit cards, although they advertised unsecured loc.

UPDATE.I got an unsecured personal loan with a very high interest rate(18%) and paid over $1000 in fees.

I was looking for an unsecured business line of credit and it led me to them.