Consider after the first year, converting 1 of the units to MTR.

All that being said, there seems to be rather over-the-top and ill-informed postings regarding converting these notes to equity.

@Jaskanwal Preet Singh ChhabraRefinancing a converted property for coliving involves appraisal, loan types, interest rate reduction, and careful planning.

Quote from @Julian Dragos: If you convert to an LLC, everything should be changed into the name of the LLC.

Related: Is it possible to do a convertible note when lending on a deal?

Yes you can convert to Euros or Yen or whatever but in the US a dollar is a dollar.

Regrettably, after eight protracted months, my case was converted to Chapter 7 due to insufficient equity.Ironically, the trustee swiftly secured a buyer for all the properties that were to be sold to STOA/FlipOS—this buyer being Farraway SG, the same entity that acquired the loans held by STOA USA during a time when they were laying off employees and leaving us in a difficult position.STOA never officially filed bankruptcy.

I converted it from Google Sheets and I can see a few formatting issues so sorry in advance.The columns with the red header are scenario 1, and the green header are for scenario 2.https://www.dropbox.com/s/gzvdujsmx9b5si9/Mortgage...I hope this finally puts the matter to rest.

Are there any that allow you to convert to short-term?

Just to clarify after reading what I originally posted, I would be getting a building loan from a bank that is convertible at the end of the build, not financing it cash from my pocket.