I come across off-market investment deals daily, and I also broker money for acquisition and rehab, along with Unsecured Lines of Credit up to $200k.

I wanted to accomplish this through a unsecured loan from a friend or family member.

I've read that Medicaid liens are considered "unsecured" liens so maybe this will help.

Source of down payment funds, if applicable: own funds, unsecured borrowed funds (credit cards), secured borrowed funds (HELOC, etc), gifted funds, other (explain)Income Source: Salaried/hourly W2, 1099 independent contractor (what industry and how long?)

The bank claims that since it was not recorded with the county, they consider it a "unsecured" second mortgage.

Get that 5th dwelling an occupancy permit and rent it for at least $550-650/month conservatively.Purchase method:  Unsecured business LOC + bank financing.  

Jim, you thought 15 points for a 5 year  unsecured credit facility was too high.

Don't limit yourself to banks and mortage lenders.Make sure you buy Homeowner's Insurance and pay the proeprty taxes.This is the simplified version, your attorney will fill you in on the details.Congratulations, sounds like a winner for all concerned.A personal loan is unsecured debt not associated with a property.

Have you looked at signature loans that are unsecured from a bank or credit union?

If there are any, please enlighten me, I can send them a lot of referrals.Friends, family and unsecured loans are your only avenue as far as I know.