Naturally, we've accrued our 20% of equity in the home to start, but very little beyond that, so we're trying to understand how we deploy cash idled right now to obtain a reasonable loan to move this project along... 

PR is known for a highly inefficient local government which accrues a lot of debt relative to its GDP (like A LOT of debt in the hundreds of billions, hence the largest municipal bankruptcy filing in US history in 2017). 4.

Consider borrowing money from the investor and having the loan (on which interest accrues) secured by a deed of trust and then having a separate percentage of profits agreement in which you both share in the profits.

I mean, I understand the logic behind accounting for your own time, but that 10% will never actually accrue (as opposed to capex, which will).

Does all the Default Interest, that accrued at 25%  beginning after the Default, get included into what the HML is owed?

Actually, it's not even correct to say you owe it, because it accrues daily.

Because end of day, he accrued many many thousands in equity from tenant paydown, had pocketed many more thousands in net from rents over the years, and cleared a 6 figure profit on the sale. 

I have two options as the late fees have accrued to 58k, The mortgage itself has 165k left with a 4.75%.

Kids don’t understand how how interest accrues on student loans and they just assume they will make 6 figures tight out of college.

Upon inquiry we were told that there was no interest *collected*, but it was accruing instead (and presumably due at a later date, maybe at sale).