If any collateral is pledged for such a loan it need not be LLC property and it is secured by a UCC filing for personal property.

The borrower has offered an existing property as collateral: a performing rental appraised at ~350K.

The Deed to Secure Debt (DSD) -- this is the document that attaches the property to the loan as collateral...if the borrower defaults on the loan, you get to foreclose on the property.Both of these documents are pretty standardized, and my closing attorney will draw them up every time I borrow money for a property from a private lender (unless the lender wants to have his attorney provide the documents, which would cost the lender money, but might make him feel more secure).

And If I need to, since my personal vehical is already paid for it is worth $10,000 and I could use it as collateral for $8500 as my current bank will pay out 85% of a vehicles value.

Please do let me know if you come across any banks that are willing to take the note asset as collateral.

 I would like to hear  from experienced investors or people that have used there collateral to leverage there money on investment properties. 

Risky is a relative term related to ones ability to analyze the collateral.  

IV also found a local regional that would do a cross collateral deal.

i have a piece of land appraised at $55,000.00 a year ago. I have a consolidation loan against the property in the amount of $25,000.00. My question is can I use some of the equity in this property as a down payment f...

Can I do a land contract for the deed and finance the down payment to the owner with a secure line of credit collateralized by the property?