When we fund a loan, we require collateral which can be used to pay back the loan in cases of default (very rare). Here are the types of real estate collateral we accept:
Single Family (SFR) 1-4 unit
Multi-family 5+ units
Condominiums
Townhouses
Its very important that the real estate is not occupied by its' owner. We do not lend against property which is or will be occupied by its' owner.