I take it that the loan was an unsecured otherwise all of you folks would be starting a foreclosure . 

WE are all cash other than I have some smaller unsecured LOC's that I rarely use they total less than a million..

Its an unsecured loan.

You will have to have a good track record of revenue for an unsecured loan though.

For example after reading the offering are you a secured investor or unsecured?

Beofre I consider an unsecured loan, I would love to hear if anyone on the site has any stories good or bad to share.

Title doesn’t fund until docs recordedYou just gave an unsecured loan.

Further, unbeknownst to me, this was an unsecured loan.

Quote from @Sonja Revells: @Chris Seveney primarily Padsplits  I would speak to a few lenders first before going through all these hoops, as I started to do this then when talking to banks they were basically telling me either get a secured mortgage as they will not lend to a real estate company on unsecured credit/debt.

.: RAD encourages investors to make them hard money loans (that are really unsecured) with a 20% interest rate because the "REIT is full" or there is "a waitlist" to get in on the opportunities. pretty tough if not impossible to  take on 20% long term debt on buy and hold / rent model.. its tough at 10% let alone double that ..