I invested and built a 15 lot residential sub-division with a commercial build in the site plan which I had completed, unfortunately I could not sell the completed homes because of the crash of the housing market. My roofing business has always been very strong, but I used my commercial real estate that was owned by my roofing company collateral, Unfortunately I had to liquidated to pay off the 1.5 million I borrowed, and if you borrow money they want everything as collateral.Dave
I invested and built a 15 lot residential sub-division with a commercial build in the site plan which I had completed, unfortunately I could not sell the completed homes because of the crash of the housing market. My roofing business has always been very strong, but I used my commercial real estate that was owned by my roofing company collateral, Unfortunately I had to liquidated to pay off the 1.5 million I borrowed, and if you borrow money they want everything as collateral.Dave
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