What I mean is, if there is a loan of $100,000, does a person need to fund the whole thing, or can a person just participate with $10,000? Thanks
Are partial plans possible in PMC?
What I mean is, if there is a loan of $100,000, does a person need to fund the whole thing, or can a person just participate with $10,000? Thanks
Hi Seulba,
You’ll have to ask the person posting the deal for more details. Some do partial but others ask for the full amount so the lender can be in first lien position. Lending as a secondary might put you at second and some don’t like that.
Gotcha, thanks