Post
Topic
Board Lending
Re: I need a loan as a 400,000$ with a building collateral with an official contact
by
elmanchez
on 11/12/2019, 16:10:46 UTC
There are banks that give loans of 182% the value of the collateral?  I've never heard of such a thing.  I have great credit, but the best mortgage I can get from a reputable bank is 80% of the value of my property.  Maybe I can get 90% through an SBA loan, but I've never heard of anyone getting more than the property is worth.

That's just one of the many red-flags in the OP.

I got a land in the North Carolina

By the way, it's just "North Carolina," not "the North Caolina."   It seems like someone who owns property there would know that.

you will give me 200,000 dollars and I will give you 400,000, it is very smart bro, go on!