.- since these loans are primarily based off of the asset as collateral.

Be aware of state usury laws and consider collateralizing the loan for security.

If banks take your bitcoin as collateral, then what's the purpose of this post?

Financing-  build a relationship with a regional banker, don’t shop for interest rates, start small and build history and loyalty they are your team, Cross collateralize, deposit CD/MM or custodial account with bank for loan, give them monthly updates, nail your deal analysis, do stress tests on your deal analysis-cost/interest rate/deal length/ sale price etc. 12.  

On these we are targeting g loans even we wouldn’t normally consider; EXCEPT for the fact that we are receiving so much collateral that we end up at 35% LTV or less.  

If you mean security backed by collateral, you are correct.

Banks do not sell notes to just anyone off the street.When you acquire the note, you are now a lender with a collateral interest, as Dion mentioned, get a deed in lieu of foreclosure, you could give cash for the keys.Over the years I've done this many times before the words "short sale" were ever adopted in real estate terminology.

Doss Docs are cheaper than Lightning Docs from Geraci and they can cater to junior lien positions and cross-collateralizations, too.

I don't have to worry about collateral casualties from a round going through a wall, like with a rifle, and the best thing is the unique sound working the pump makes.

Jay mentioned the collateral backing the fund and if you want to compare something like a PPR fund backed by non-performing notes (at least when they bought them) to a fund having all performing notes, in solid real estate markets with real collateral values I cant see why anyone would want to take on so much extra risk with no reward?