We are in the hard money lending business for commercial properties - with loan sizes from $500k to $5 million.  

Smaller 2 beds can still fetch around $1400.

If I had a million dollars, I'm not buying someting on the ocean down there.

They have millions of slaves and indentured servants who make our I-phone 16's, and almost everything Americans buy at Wal-Mart and Costco, but still their stocks can't catch a sustained BID. 

I made millions of dollars in the great recession b/c people used excessive leverage and lost properties to their lenders.

Hi David, Some people honestly do not like jumping through hoops just to go see a property or entertain offers as it just becomes a headache to gather stuff.On the other hand, if its a luxury property or something worth a couple million, wasting time on non qualified borrowers is something to also consider.What is the listed price for this property?

This is generally code for they invested $25k in a sponsor's project among a few million dollars of syndicated preferred equity capital and it generally is in some type of hoped-for reposition project. 

I had let my guard down and given a tenant the benefit of the doubt (a tenant who is (now was) a CEO and raised millions of dollars for a newsworthy venture).

They will fund all of my deals for the first year up to 25 million per deal. 

That's one of the lessons in First to a Million  in fact.