Updated almost 8 years ago on . Most recent reply
Mulltiple debt investors
Good morning BP!
I have been out fund raising and while I was prepared to handle a primary private lender. I actually have two wanting to go into a deal with me. Here's my question. In both cases these guys are basically 9-5 employers that have some money left in a previous 401K and wish to get stronger returns, which is what I am offering. I need both of their contributions to handle this purchase. I am thinking the easiest way would be promissory note, but I was curious if there was any way that I could secure their respective liens on the property. Essentially I would want them to be secure in knowing that they have a 50% piece in an asset. Just wondering about options.. Not sure if I could split the deed until the debt is paid?