Thursday, September 30, 2004
We've been denied the loan at the bank. This time because we haven't enough cash invested in it.
They refused to accept the house as collateral, which seriously reduced what they were counting as Manager's share of the investment.
So, what I'll do is get a home equity loan (cash), and give that to Manager to try for another loan.
It would be the same as using the house as collateral, just instead of real property, they'd have cash in hand.
If that fails, well, there is always Plan Z.