If the Borrower defaults, the Trustee (representing BigFundr and other investors) has several options to recover the money, including:
- Refinancing the loan with another investor or lender
- Renegotiating the loan terms with the Borrower
- Taking control of the property used as collateral and selling it through a receiver
If these actions don't cover the full debt, the Trustee can enforce the Borrower's corporate and/or personal guarantee to recover the remaining amount.
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