Seeking Advice: Personal or Secured Loan Using Free & Clear Property in Durham, NC

[Tristan Hardiman]

I’m exploring optionsbif any for a personal or secured loan using my property as collateral and would love advice or referrals.

Property Details:

Free & clear residential lot in Durham, NC (Pinery subdivision)

Includes a large shop (22×54) and a studio apartment attached

Current rental income: ~$2,100/month from the studio

I also live on the property

Deed in my name, inherited property

Tax value: ~$134,000

My Situation:

Credit: Below average, working on rebuilding

Income: No W-2 income; I can provide bank statements and rental income proof

Loan Amount: Ideally $5k–$25k (flexible depending on terms)

Purpose: Personal use and investment flexibility

Documents Available: Deed, Forestar interest in purchase papers, and other relevant property documentation.

Thanks