:) at 10% do you think he can make a business out from it?

You have not done the real business deal. Want me tell you what the business deal really is?

To inspect property, to fly there. hotel's, meals,
if goes to default, selling cost, maintenance cost, court cost, repaure cost, gasoline cost, rental car cost, my time cost, You really think lenders are dumb like you describe?

So called expert! OMG.

If his proposal is for a 10 million apartment, I might look into it. Oh, but why, I would buy one myself. :)