Posted by ScottE on April 07, 1999 at 21:49:37:
You lost me with your last post. Do you mean a higher rate WOULD make a note more attractive? If you create a note on a vacant house, to rehab lets say, how could you create a note with much safety (there would be no seasoning because no tenant/buyer yet), unless YOUR credit was good?
Is it all based on the value of the asset?