You smile and nod compassionately when he says that and say, gently, "Well, (insert name), you're insisting that I float you a two week plus loan, aren't you?

You become aware of some trouble in the next lane over on the right - what looks like a drunk driver drifting and swerving all over the place.

If the float (capital outlay between draws) is $10K, but they can't show $10K in cash from any source, that's a problem.Of course, you want to know your borrower isn't a criminal or have a history of fraud.When you back out what you need, your list for due diligence becomes apparent. 

In the way I'm discussing commercial loans for a SFR it is synonymous, but I think some people refer to a master loan made for a portfolio of properties as Portfolio Lending, so there's bound to be multiple meanings floating around.I find loans to an LLC to be easier than to a person, but I bet that is because I have some incredible vendors that I have built trust with AND I am not a W-2 employee. 

Thanks,JP Your current floating rate is much higher than today's 30-year fixed rate.

Milestone almost looks like a sort of 'float'.. ie: I am thinking some of it happened in the past, as a reference

I read around and some people are saying that most times a fee would be associated with rate re-negotiation / float down with probably a minimum of 0.25%. 

Or maybe throw a line to a space cadet floating away and pull me back down to Earth.Thanks in advance!!

All, Right now there's a fully furnished, remodeled floating home in my area for a modest price (300k).

I will get my property manager to float the reduced rent as plan "A" and reach out to the coaches as plan "B" , I like that idea a lot.