Basically you can get a loan that's underwritten based on a property's NET Cashflow (after debt service and all other expenses per a T-12 P&L, or in other words, REAL world cash flow), and based on that, obtain an unsecured loan against it.

Those developers pray long enough while building out the building that the tenant will open and they can sell it off before taking a bath on it.The small to medium franchisees eventually if the have trouble get bought out by a Private Equity group that runs them like sh*t and makes their money back and sucks any remaining profit dry before they close or ask landlord for rent reduction.That's what 20 years experience teaches you versus buyers just looking at a cap rate thinking something is a good deal.

If you don't like risk or work, you can double your money in 14.4 years with a 5% investment, like t-Bills. 

Quote from @Forrest T Schue: Hello, I live in northern Vermont and am in search of a private/hard money lender to fund fix-and-flips.

Otherwise return is t with it.  

you don t want any questions later that this money is returned

@John Aaron I'm guessing that you might be using the 2-T (NC standard contract), which includes default language that the contract cannot be assigned.

Here's a great little book on fundamentals: 'Real Estate, Quick and Easy' by Roy T.

State LL/T laws got more strict last legislative session in various ways,   and the biggest risk going forward is that we will get statewide rent control similar to OR or CA.   

Quote from @Henry T.: I follwed the link(thanks).