Curious if you consider other collateral, like cars.

But, what you need to look for is a "blanket loan" where more that one property is used as collateral.

> * Lending is maximized up to> $500,000,000.00(secured)> * Security provision is made by client (non-Collateral).

All a lender can do in a POF is qualify the borrower, the collateral also needs to be qualified, how could the lender in a POF possibly qualify the collateral and the terms of the deal prior to contract.

In theory it probably works at $20k each unit but you should understand the full repairs needed and planned for each unit.Redirecting funds from subject to B,C & D makes me inclined to want to cross collateralize the other 3 as well.  

I asked them to route me to their commercial/business lending department to see if I can get some kind of loan using the property as collateral.  

If i were you i would either- Ask him to put up some collateral, maybe he has another property he can use as collateral. - or go with a 50/50 profit split as @Daria B. suggested, this is how we do all our JV deals as well and ensure that your name is on the assignment as well. 

I'll put all of my collateral in the file. 

Total collateral value: $92,000Original Note: $64,150Payoff: $52,794.67Pledge LTV: 57.14%I’m with a local bank, but wanted to use if I could get a lower interest rate and a 30 year loan in my name?

I've looked into a secured line of credit but Wells Fargo only accepts commercial multifamily as collateral.