You need to know the new rules and when you need a servicer or how or when you can modify the note or if you can or should.Re financing is not part or RE, RE is part of the finance industry and RE financing is a small sliver of finance.

Just look under your name on the right and you'll see in greyed out words "edit", click that and you can modify your actual post.

It would be a good time to modify your note for a payment by check.Within 3 or 4 years I'd say the IRS will get involved in an audit.

If you were to modify the contracts then compliance can be required, so leave them the way they are or meet the new requirements.

@Jeff Rabinowitz - that makes good sense for option B since we can only get out 49,200 it wouldnt be enough to pay back the private investors if they had a recorded lien against the property but if the private investor agreed to modify their note with a higher rate behind the banks 49200 first lien it may still make sense depending on closing costs that might otherwise offset the savings of even doing so.

If they are ok, modify the the lease?

While you can always close a company or modify it to meet new requirements, that will cost you money and time and perhaps your reputation.

Some people will also tweak points or interest based on these things too, but for me I prefer to keep that mostly constant based on market expectations and modify the LTV I'd consider.As long as I have the first lien, I don't much care about how any secondary money is worked out (JV, or otherwise).

Defective file kept "alive" trying to cure itself, extension market risk (modified loan with low coupon), conveyance outside of the scope of our loan.

Jusat modify the contract to add the terms for the owner getting paid when the deal is done.