(Your CASH was your collateral)I withdrew hard CASH out of the banks bank account.

@Kirk HawkinsI'd invest in 1st and/or 2nd position notes on single family flips with the property as collateral yielding 8-10% simple interest. 

@Aaron HollingsheadPersonally I'd sell and use the proceeds on a 15% second position note with the subject property as collateral (Portland metro single family or multifamily) that, if foreclosed, can pay off the first and your second over 2x and yield $1400 a month.

I chose to lend the funds for a fixed return with the property as COLLATERAL. 

In a retirement account, I'd prefer to lend $40-50k on a second position note with the property as COLLATERAL (not own) IF the net between the value of the property (conservatively) minus the 1st position note is 2 to 3 times your second position note principal. 

I had to find a local credit union/bank to break in to the commercial space.At the time, To get the LOC we had to refinance a duplex in our personal name to the LLC, so the house could be held as collateral.

The collateral was a single-family home in Portland Oregon.  

You are confusing loan collateral with damages:A car or airplane is an item of value, and is worth repossessing.

Yet YOU loan THEM money for the down payment at no interest and with no collateral or any guarantee of repayment.

Also, would it be better to cross collateralize all the properties and get one blanket loan or try and refinance each property individually?