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

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  • rickpozos27th April, 2018

    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.

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