Well, the technical definition of a HML is one that lends solely based on the value of the asset and not the borrower.

When applying for these loans is it based off of my credit or the assets.

If you're talking about putting your rentals in an LLC, the LLC can be still be sued but hopfully nothing outside of the LLC, such as other personal assets.

A "One Off" is simply one asset trading by itself and not in bulk (more than one).

There were only 24 from 2000 through 2006 but from 2009 until today there were 466 total failures.The FDIC rarely liquidates a bank that fails (meaning the bank disappears and all of the assets of the bank are sold & deposits paid off) Usually, the FDIC chooses to 'sell' the bank's assets to another bank which also assumes (the liability of) the deposits.

Also like I mentioned the community is small and these assets are all professionally managed.

Borrowers are more accountable.In some entities, a member or stockholder may have an equity position attached to assets, rights to employee contributions, pay, benefits or internal arrangements that may limit the ability to liquidate assets or attach accounts, such arrangements are generally provided among those having a major or significant interest.

if you have great credit, solid assets and great income, sure,,, it would be based purely on your financial situation and wouldn't be secured by any properties.Banks prefer to have something to secure a loan with, so an open line of credit will be limited by your credit and ability to pay.

Michael it would help to know what asset class property you are talking about, purchase price, and who the owner is selling??

Probably very similar to what Jerry suggests as a post nuptial agreement.We have individual and joint assets, sometimes invest funds individually, sometimes jointly.