When you are using high cash value permanent life insurance collateral for investment purpose like real estate, the volatility can be absorbed much easier as you are producing cash flow with your investment.

Does all of your collateral point back to the website?

Anyone can be named as a loss payee, could be an agent, your cousin to take care of a loss under a POA, your lender who has a collateral interest.

There's nothing to take in a lawsuit since the equity is small and the first order of business would be to pay off the mortgage...if the REI lost the property in legal action.When you have 100% equity:1 - The REI/owner is placing their asset (their equity) at risk because it is unprotected by the use of it as collateral.2 - The REI is at risk3 - The Risk is losing the property by being unencumbered and being exposed to a lawsuit.

For assumable loans that use an apartment or multifamily property as collateral, leases and rent rolls are often required submissions as well.Read this article for more information https://apartment.loans/posts/...All the best!

A family friend let me use a building that he owns outright as collateral for the down payment.

Using conventional Wisdom Kinda tough with connecting cross country and knowing very well, seem like the right forum ti help my group, brothers on the rise, we got drones and tree planting  yeahhhJudicial,Collateral,Unsecured,Secured,Seller,SyndicationMortgage Brokers (sophistication, in lending terms) “15% ROI Margins”Tax attorney(Roth,Judicial, Sophistication) “10% ROI”Accountant (how much and where Terms infrastructure legalities) 7% ROIMortgage broker (lending acquisition all major lenders ,TD,RBC…….

Most closings happen virtually and unless you are insuring title at closing (rarely happens in notes), the only 3rd party involved would be an escrow agent to confirm complete collateral and release funds. 

I've never been late on a mortgage and giving security interests in collateral isn't even an issue, it's given as evidence of fair dealing, appearing to be above board and as an assurance to any underlying mortgage holder that the interests in title may be taken in the event there ever was a foreclosure.

Why not do a cash out, cross-collateral, or HELOC on your existing properties?