I asked to see her loan info and she said the former owner had financed the property for her and gave me the the number to the loan holder.

You have to get the senior lender, and junior lenders, and all lien holders to release their interests.

As a checkbook holder and trustee, you have the control to fund these investments and the decision making authority to structure deals to your liking (shorter term, higher interest, etc.)I'm sure it's just how you chose to word it, but I will caution you anyway that "becoming a lender" sounds a bit like a business whereas what you are doing instead is directing your 401k to make passive investments.The key needs here are a way to contact and negotiate with those who may need loans and some appropriate loan paperwork to outline the terms and secure your 401k's interest in the investment.

Please contact me if you know of anyone at Holder or any other construction firms with civil or mechanical engineering internship opportunities.Thanks! 

(e) Sells or offers to sell, buys or offers to buy, or exchanges or offers to exchange a real property sales contract, or a promissory note secured directly or collaterally by a lien on real property or on a business opportunity, and performs services for the holders thereof.Source: http://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?

Generally, you must take distributions during your lifetime or within five years after the original account holder passed away.

@Jason Wu,If possible, the property in question should be sold to the LLC by the current owner / loan holder.

My girlfriend and I were in contact with the previous note holder, nation star, but they are no longer in the picture.

HAHA Just looked it up "Political Opinion: The opinion of persons relating to government, the conduct of government, political parties, candidates for election or elected office-holders.

I looked into it further turns out the lien holders are illegal immigrants that did the work without being contracted.