@Evan GaterBoth are not seniorThe one that was recorded first (lower book and page number) would be the senior in most instances unless it was recorded inproperly and there was a subordination agreementTypically the higher value loan is first as well when recording at same time.Hope this helps

If you rent this condo out and it brings in some positive cashflow, and then you move into a multifamily say 4 unit with an FHA or even conventional loan, you'll probably be spending about $40k-$50k all in on a high quality property.

Anonymity is fictional if you are getting bank loans.

( time for me to get a bank loan?)

Are there any hard money lenders that will loan with no experience?

Can you qualify for a loan?

When you add all this up depending on the size of the loan that can be the $20k right there.

Working on hard money loans to investors now but Is there a workaround for Dodd-Frank to sell and finance to an individual?

Gap funding usually requires collateral and or pledging of other unrelated assets. i don't like leveraging those items and are typically a oxymoron because if you have those assets and dont have cash you essentially get into a leverage position you dont need to be in.having a asset that can be pledged for a gap loan without cash to me is kind of an oxymoron in itself just my opinion. 

They have all of my loans and do a great job.