Recording it will require you to pay off the loan in entirety in most cases unless the new bank is willing to allow the remainder of your private note to subordinate in 2nd position which most national banks do not allow. 

I joined this group with the hopes of starting a Real Estate Investment business soon so that I can step away from the corporate life I have lived for more than 30 years.It's time for me to try something new...oh, where to begin :) 

REITs are corporations that invest directly in commercial real estate, and when you invest in a REIT, it is like buying stocks, where shares can be purchased and sold.

"Our" project is on the road facing the national park, which is one of its selling points (i.e., there won't be development on top of "our" project).

Average apartment rent of $1070 to national $1470 (25% delta to the downside, in one of the highest growth environments in the nation)3.

. - The US national debt is at some number that makes it untenable.

I have been reading that corporate investors are buying many homes there and I now I am having second thought about the area.

Big enough to have a national foot print usually means some economy of scale price wise. 

I myself have personally ran a brokerage before, one with a big corporate name, my insight isn't 2nd hand or guess work, it's 1st hand hands-on insight.

Yes, Pittsburgh house prices are 43% lower than the national average with a median price of $213K.