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React: Solomon sees an opportunity in private lending for development of tiny homes. His loans are small at $70,000 for the homes permanently attached to

React: Solomon sees an opportunity in private lending for development of tiny homes. His loans are small at $70,000 for the homes permanently attached to the land and securing the promissory notes. Because the loans are small, he charges a higher interest rate for the additional risk - sometimes over 15% APR if borrower credit is substandard. What considerations must Solomon be aware of?

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