Promissory Note: Deed of trust LATER and INDIRECT investments?

[Marc Hellin]

Hi,

Who knows if it possible to issue a secured promissory note to a private lender and :

- invest in real estate securities through private equity funds (vs. typical direct investments) ?

- mention in the promissory note that the DEED OF TRUST (that will secure the lender) will be issued LATER and every time investments are made with the borrowed money ?

Many thanks in advance,

Marc