We refinanced the property and paid back the private lenders and rented out immediately so we have funds coming instead of accruing interest every month.

For curiosity, I Attended a free 2-hours class a while ago, same one like yours, then they ask all of us to sign up another $200 class.

Next, the remaining $92 is distributed as a return of capital--leaving $8 of capital (not accrued pref) remaining. 

@Paul Sandhu out of curiosity I tried to look at my stats but it only shows December.

This link should serve as a great reference for you:https://www.lawyers.com/legal-info/real-estate/landlord-tenant-law/medical-marijuana-and-rental-properties-can-a-landlord-evict-a-tenant.htmlI skimmed the article myself out of curiosity, and I think that the key takeaway is that as long as it is clearly against your lease, you should have no problems.

We offer 12% annual, compounded and accrued monthly, for 3 years.

Just out of curiosity does the process change if you replaced the portfolio lender with a conventional loan?

They will have a handle on what assets are on their “non-accrual” list (assets that aren’t paying and the bank is no longer accruing the interest on their balance sheets).

By the way, in Mass, unpaid judgments accrue interest at 12% per year!

Just out of curiosity, what are the properties that the HML appraiser and your realtor used as comps?