Together with it, i have a mortgage free apartment that serves as financial security. 

While the co-signers add some security, the family’s newness to the U.S. and uncertain job situation make them a higher risk overall. 

Utilizing my relationship with a great local lender I started the process of getting a secured line of credit set up against the 3 unit so I could pull most of my money back out.

But we are also both very used to corporate and used to having a security of a job.

If ODC cannot execute on their funds and are falling well short of performance expectations, then I'm not sure how any potential investor would feel secure in this new 'private credit fund'. 

However the event of default just gives the holder or beneficiary of the security interest the RIGHT to accelerate all payments and call the note due..

We are now suing them in TX small claims court as the security deposit was not enough to cover the 2 - 3 months rent after they trashed the house. 

This provides you with a safety net for any unexpected expenses during the rehab process while also potentially allowing you to secure higher leverage on the purchase price.

Neal and Jean-Marc were supposed to secure construction funds.

Many were clearly caught off guard by the detail that their distribution could be halted and their investment converted to stock.