Banks don't make loans that just based on collateral, you will need to have credit, income, etc.

@Krystyna FennellyWhen I started out I preferred 30 yr fixed mortgages to lower the monthly payment, and you can always pay ahead if you chose.I also looked for low down payments, through 2nd mortgages on other properties, signature loans (no collateral), private money, and even using owner occupied mortgages by moving to a different personal residence and renting the former personal residence.

Often payments can be sold to provide additional cash or the loan might be pledged as collateral for another loan or mortgage.

I structured the loan to be 10 years at 5% and used some personal stock from our company as collateral.

As we were going through the collateral file, we realized that, they've gone through about two or three different modifications over the last couple of years, with other servicers and owners.At this point, we will offer one quick contact with the borrower, and then we may just have to move on with that and try to shoot for a deed in lieu or cash for keys.

:Your credit scoreProof of income and how long you've been at your job.Also they'll want to do their own appraisal of the property you wish to purchase to make sure it will serves as adequate collateral for how much you wish to borrow.

The total amount owed to the tax man was half of that, only for one year, taxes are high on commercial properties, yes there is more to the story, but the main points are those, the property place on collateral is another one, the reason for not going to the bank is not because bad relation, quite the opposite, the problem is the credit limit of this person is maxed out, Canada is a lot more extract in credit lending and rating than the USA.    

That's their collateral to you.  

I've borrowed Signature Loan money with NO COLLATERAL many times for down and rehab costs, paid it back and re-borrrowed.

You have some serious collateral (2 properties) to get some sort of loan.