US 10 year Treasury yields tumbled (by nearly 10 basis points today and counting..) with the latest inflation metrics showing a dip last month indicating the Federal Reserve could start to lower interest rates this year with a now 80% chance of a September rate cut. 

For mortgage originators, real estate professionals and investors, the 4.65%-4.45% drop in the 2-Year Treasury should result in banks lowering Jumbo & Super Jumbo Mortgage interest rates next week Conforming and Government loan products are also seeing improved pricing.

If you want cash flow investing in Treasuries or a savings account.

You can put money into no risk 4 week treasury bills right now for over 5% ( technically about 4 when you consider taxes ).

One owner is a wealthy casino owner who collects land and may consider selling but for way more than its worth.

This is a 10 yr treasury chart over the past 3-4 months. 

In my opinion, it doesn't sound like a bad deal.10% is more than you would get in treasuries and corporate bonds36 months is not a super long period of time.Seems like you are protected with 1st position.I would just do some background on the company - How long have they been in business, financials on how the company performed for the past 2-3 years, along with some background information on the sponsor/founder of the company.Best of luck.

You can take any reserves and ladder them with CDs/Treasuries/some other low-risk fixed income asset to provide liquidity in case things go sideways, all while mitigating most of the interest load on the loan. 

But to use a casino analogy, playing with "house money" and getting all the perks is the best way to vacation in Vegas. 

Currently a "risk-free" 10-year Treasury yields 4.3%.