Usually that means that the borrower has started missing payments.

Hypothetical situation:If someone had a property worth $100k, and owed $50k on it but fell into hardship and missed payments where had could go into foreclosure and had payments in arrears but got back on there feet.

So if you loan $50k at 12%, you're monthly interest payment is 1% of loan or $500 in that example. 

Let's say you have capital for down payment for both and good credit scenarioA.

The challenge with getting a loan under an LLC is that the cost of finance is typically higher (6%) and they may or may not have a balloon payment at the end of 5 years.

If the breach is remediable by repairs, the payment of damages, or otherwise and the landlord adequately remedies the breach within five business days of receipt of the notice, the rental agreement shall not terminate by reason of the breach.

I will fund the rest as a 20% down payment. 

After asking questions, I've been told that there's a staffing shortage at the Treasury Division (where the transfer and recordation payment has to be processed before the file gets sent to Land Records for the deed to be recorded) and the backlog on recording deeds is between two weeks and two months, depending on whom you ask.

I do HML, generally lend about 65%, and require borrower to use their own rehab funds (on top of their 35% down payment).

@Jesse Hinaman is of course spot on about down payment requirements.