You will likely need a GC or someone with experience to have some skin in the game (i.e either have some element of ownership of the borrowing entity and/or take on recourse) for private money lenders to feel comfortable issuing financing for GUC. 

It's just another way to skin the cat.

I concur that it is "super low risk ", as Spencer's skin in the game is 20k, not 260k.

It's skin in the game no matter how you play it especially with these higher rates. 

I also want to get more skin in the game.

She does trust me as long as I don't have too much skin in the game and we can afford to loose.

There are always alternatives, they say around me there is more than one way to skin a cat.

Obviously a lender is much more enticed to give the loan if I have "skin in the game."

It's cause you have less equity when you close on a purchase with a low PP (i.e 15% down on a $55K purchase would only consist of $8,250 of skin in the game on day one for the borrower).

Some skin in the game.