Securities are defined by the Securities Act of 1933http://www.sec.gov/about/laws/sa33.pdfThe definition is:The term ‘‘security’’ means any note, stock, treasury stock, security future, security-based swap, bond, debenture, evidence of indebtedness, certificate of interest or participation in any profit-sharing agreement, collateral-trust certificate, preorganization certificate or subscription, transferable share, investment contract, voting-trust certificate, certificate of deposit for a security, fractional undivided interest in oil, gas, or other mineral rights, any put, call, straddle, option, or privilege on any security, certificate of deposit, or group or index of securities (including any interest therein or based on the value thereof), or any put, call, straddle, option, or privilege entered into on a national securities exchange relating to foreign currency, or, in general, any interest or instrument commonly known as a ‘‘security’’, or any certificate of interest or participation in, temporary or interim certificate for, receipt for, guarantee of, or warrant or right to subscribe to or purchase, any of the foregoingSo, are loans securities?

Touching on this topic of a MFR that has less than 100% occupancy:If one is trying to value a commercial / MFR property and there is a fraction of full-occupancy (71% in this example)... how does one go about valuing a purchase price?

BP was a fraction of that and I get more out of it.

Your return will be MUCH greater with a fraction of the risk.As far as a place to live, condos are great.  

Anyone can handle the ideal closings.I have paid real estate commissions for very little work by the real estate agent on listings from the MLS but there is no way I would use one for an off market property unless their commission was a fraction of the usual commission.

I guess I really opened a can of worms with this topic.. here's what I see when I look up MGL Chapter 64D, Section 1:Deed, instrument or writing, whereby any lands, tenements or other realty sold shall be granted, assigned, transferred or otherwise conveyed to, or vested in, the purchaser or purchasers, or any other person or persons, by his, her or their direction, when the consideration of the interest or property conveyed, exclusive of the value of any lien or encumbrance remaining thereon at the time of the sale, exceeds one hundred dollars and does not exceed five hundred dollars, two dollars; and for each additional five hundred dollars or fractional part thereof, two dollars; provided, however, that in Barnstable county, the excise tax herein specified shall be one dollar and fifty cents for each five hundred dollars or fractional part of said consideration, excluding a consideration of between zero and one hundred dollars.The dollar amounts don't seem accurate, so I could be missing some other law elsewhere that I could not find.If I read this correctly, my interpretation of the above is that the tax is exclusive of any liens.

If they do lend, it will be a fraction of your acquisition of the impaied asset.

Banks will be a fraction of the cost of using hard money.

This is called Fractional Interest transfer.3.

You would definetely want to use an attorney experienced in real estate partnership structures or fractional ownership structures who could easily walk you through the structure.