You can take it as a given that those that will accept a Subject to deal will be very motivated sellers and very few people would accept their name remaining on the loan which the property stands in as the collateral for the loan.

.- My standard flip loan is a 6 month term with options to extend for a fee- If the flip is rather extensive or higher-end property, I can offer a 12 month term- Interest rates depend on many factors. loan to value, credit, experience, collateral, etc. 

Could i use this as collateral to obtain a line of credit of roughly 75k?

- can I use some percentage of that note as collateral for getting another loan?

No Collateral Requirement: Unsecured loans, as the name suggests, do not require collateral.

You could offer them cross collateralization in one of or all your current properties.

Geoff CornelsenI might add that when you do invest in a fund.. the sponsor is critical its as critical or more critical than the collateral.. 

Just because you think you are collateralized and can foreclose on a property to get your money back doesn't mean you won't lose on the deal.

Notice is required before you tear down someone's collateral or demolish thier claims in or to the property improvements.

Usury laws are state specific. and as mentioned above it depends on the circumstances who the lender is how are they licensed if they are not licensed and who or what entity are they lending to .. as well as what type of collateral.