My name is Jason Eisler I am 30 years young and have worked the last ten years as a collateral loan broker and and I just moved to the Palm Beach/ Fort Lauderdale area 5 weeks ago from NYC.

I always try to sweeten the deal by buying right and then adding my own money to the deal so the lender has a great piece of property as collateral.  

The properties in each loan are securitized as collateral. 

(if this is what you meant, how did you qualify for this amount with no collateral)did I read in to the phrase and it was neither, just a loan on the property?

Thank you Houston, Texas (suburb, Alief, TX) for my 1st real estate transaction.The Houston economy was so bad, I talked a local bank (who was a client of mine) into making me this very small loan and I would put up the condo as collateral.

I will be asking the banker this but want to survey before I do.Has anyone used their equity as collateral in an acquisition, but not via a HELOC?

The rents and leases are already pledged as collateral to the first position mortgage holder.

My credit is horrible so I don't know if I can even use it as collateral to secure a private loan for the earnest money deposit.

As of today, he still owes the loan on the condo he collateralized.

C-B class area.Purchased: $785.00rehab est: $55k (including Murphy's law)ARV: $95k-$110k (based on 6 comps)Timeline est: 4-6 mo.i'm just asking if anyone has an idea i could implement or a lender or interest in funding this project to help me get my business moving during this stall. and before the wolves come out of the woodwork suggesting repetitive things lets cover some of my stats.credit: 550 and scarred = normal lending out of question.Friends and family: already tied up in projects or strapped financially.Partners: Have their money tied up for 2-3 yrsCash on hand: $1500 (and dwindling)Assets: $370k in collateral real estate.Flip exp.  6 flips with partners and family managing contractors and deadlines -   0 solo Wholesaling: would turn to small of a profit and it would be better letting it go back to the county.so as we can see my odds are not good but i am pushing and fighting tooth and nail to do this because i know i can complete the project and turn a profit i just need the gas to make this thing go.