Posted by Ed Garcia on January 30, 2000 at 23:22:15:
I don’t know why you feel you need private money.
You now owe $50,000 on your credit line, you want $20,000, which is $70,000.
$70,000 is about 61% of $115,000 making your loan a 61%LTV. You should be
able to go anywhere to do a loan at that LTV. I figured that you must have had
decent credit in order to get the original $50,000 loan.
I suggest that you call me at (909) 944-0199, and we can talk about your deal.
After talking, I will know immediately what can be done for you. Unfortunately,
I need more information.