Finishing school is not an option; it will happen especially since I am a senior this year and next semester is my last semester!

My name is Mike Strobel and I am a current senior at Liberty University studying Project Management.

I am the senior development analyst for a developer that builds all property types from hotels to student housing etc.  

They are senior to their debt, so they can crush, make sur there are's any other secured interests on the property. worth the $100 or so for a prelim title report. 

If he is a UK citizen, would a 1031 exchange help him. 

Non US citizens have meager institutional options when seeking to finance investment real estate here in the US.Which leads me to wonder why more foreign investors don't actively seek out (or seek to create) deals financed by the seller.

If the forgivable mortgages are currently in 2nd position, then they will likely agree to subordinate to a new 1st TD senior lien. 

It is somewhat easy for US citizens to get bank loans on the 80% of the price, but very hard to cover the additional 20% that the banks won't.  

Hi Tory,If you will be lending and securing the loan out of state, the law of the state where you are securing the loan would most likely apply, but I'm sure there are exceptions to this.I would think that you need to check for the laws in Massachusetts also.In California and in other states, but not all, you must be a licensed to secure loans with real estate, there are probably exceptions to this rule.If you secure loans with real estate in California with a licensed broker, the loan is exempt from usury laws, again, there are exceptions to this rule like lending less than 30k in senior position (or less than 20k in junior position) and there is something that attorneys talk about regarding charging an unconscionable rate but that would be getting way too detailed...Another important consideration is that if the proceeds of the loan are used for personal use or if the collateral will be owner occupied, then that triggers a bunch of other regulations, this is why most hard money lenders only lender for non owner occupy business purpose.

Currently, I serve as the senior processing/operations manager for Experience Mortgage and Financial Services.