Updated over 11 years ago on . Most recent reply
Leveraged Loans???
Does anyone know what the requirements are for leveraged loans? Maybe someone could provide some insight and educate me about them.
It is my understanding that if I have say $100k, I can use it as collateral to secure say a $300k loan (leverage percentages are just examples and could vary vastly). How accurate is this and could this be done under a two member LLC with only one member securing the loan? If both member have to secure it what would be the minimum fico required for each member?
What is the average turn around time? Is this an active practice or a thing of the past?
If I am missing anything please feel free to add. Thanks in advance.