.:  Are you talking about creating a first 50% of the note and a second for 50% of the Note and sell the first one? 

Thanks Alex and will get back to you - regarding the note space in 2025 it will be a very interesting year

i found in my build projects that started just before and continued through the pandemic prices rose. everything but lumber became sticky IE they rose but did not fall..

As @Chris Seveney there are lots of buyers for the real estate backed notes but fewer for the business only notes (without real estate as collateral). 

I am a capital raiser, real estate and note investor, community organizer, speaker and entrepreneur.

Case in point: Inflation is still sticky, like my sourdough bread leaven.

•If jobless claims rise (above 240,000): Higher unemployment could push the Fed to act sooner, improving the chances of lower rates in the second half of the year.How This Data Could Impact Real Estate InvestorsScenario 1: High Inflation and Low Jobless ClaimsA combination of sticky inflation and a strong job market would reinforce the Fed’s stance that rates need to remain elevated.

.: Quote from @Jay Hinrichs: when I was buying notes I did not even run credit.. but I only paid 10 to 20 cents on the dollar.  

Quote from @Havital Miltz: Wow a bit of a sticky situation, did you have a conversation with the seller, directly or thru your realtor prior to the closing to find out if the tenant knows they are supposed to move out?

Higher buildout, but a Sticky customer.   10.