No, your idea is not crazy at all. In fact, it’s called cross-collateralizing. And a lot of hard money lenders may require a borrower to do exactly that -- put up other collateral when they have nothing into a deal, or the deal doesn’t quite stand on it’s own.
But you may want to post some more specific details, so people can come up with some suggestions for you.
Greetings GalvestonInvestor,
Welcome to TCI.
No, your idea is not crazy at all. In fact, it’s called cross-collateralizing. And a lot of hard money lenders may require a borrower to do exactly that -- put up other collateral when they have nothing into a deal, or the deal doesn’t quite stand on it’s own.
But you may want to post some more specific details, so people can come up with some suggestions for you.