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Location: By the sea, by the sea, by the beautiful sea
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I sold a house I'm holding a note on which comes due in 18 months. I've found a property I'd like to buy, I'd like to use the note as collateral to borrow less than half the final value for 18-24 months, bank says no go.
There is a market that will buy your note, discounted of course. But it will give you cash. Only you can decide if the offered price is worth it.
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