Raising Capital
Hi, I'm wondering whether I can give multiple promissory notes to private lenders and have them secured as one lien on the property
Hi, I'm wondering whether I can give multiple promissory notes to private lenders and have them secured as one lien on the property
You can give multiple promissory notes. It is called fraud.
Each promissory note should also include a deed of trust or mortgage and it should be recorded with the county clerk. The lenders need to know where in line they are to collect money from you.