It matures in a few weeks and the work has been lagging due to permits and the bank not making the draws in the amount I needed.  

Two of the notes have already matured and I did not receive the balloon payment as the security instrument dictated.

At the time I got a 5-year commercial loan amortized over 20 years, the idea was that every 5 years I would reapply for/refinance the balance at whatever is the going interest rate.So, in 2021 when it was time to refinance (5 years passed), I was able to get a 10-year loan amortized over 15 years.Current rate is 4%, maturity date is 9/31, current outstanding balance is 220,742.

Most people only see refinances on properties in trouble and have matured. 

The first thing I look at is the ROI - yield to maturity.  

For lenders - most notes would be held to maturity and second position liens could become more popular to bridge gaps between purchase prices and existing mortgage balances.  

I’ve been approached by a lady to buy and estate for 65,000, the zestimate says it’s worth 180,000.

You also must know all your possible exits, be it being paid back until maturity, Encouraging the borrower to refinance, Foreclosure as well as (our favorite) selling the note.

THEY TALKED TO THE LADY AT THE DESK.

I coached an amazing young lady who jumped into wholesaling about a year ago so would be happy to give you advice if you had questions about the process or how to get things rolling fast.