And the market was perfect for investing at that time.

(You said you plan to buy it for the amount of the loan, not the value of the property.).

Hey Phillip, welcome to the community!

And that's great you are figuring out how to get to your next investment.

The interest rate on a HELOC or Heloan may be better than the personal loan. 

Thank you for your contribution to this post.

Next we will need to know if the non-conforming unit is legal.

@Samantha Bartlett we've got a lot of PM info on our wesbite, which I cannot list as BP Moderators will delete this post.

I've written similar posts a handful of times, and there are other threads in these forums that discuss investing in Japan.  

It’s clear that the evolving market, especially post-GFC have shaped your perspective, and you’ve outlined some valuable points about the flexibility and challenges of private lending.The flexibility in ARV and LTV is such a huge advantage, especially for investors who might not have traditional financing options.