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Mortgages And Other Notes
- Residential Notes - Notes that are created by the sale of residential
 properties, including houses, townhouses, condominiums, and one-to-four family rental units.
- Commercial Notes - Notes originating with the sale of any type of commercial (business) property including office, retail, apartment (more than one-to-four family units) and industrial properties.
- Vacant Land Notes - Notes on developed or undeveloped land, or land not designated as a specific use property such as farm land or waste storage. This category does not include land that has been improved for development and building.
Today, owner financing has become an established and accepted practice in real estate. And because of the private mortgage industry, owner financing is an even more attractive option that it once was in the past.
Sell all or only a part of your privately held note. You may even sell future payments today while still receiving current payments.
We can facilitate the sale of existing private mortgage notes, portfolios of residential or commercial mortgage notes, or can structure point of sale funding, resulting in a simultaneous closing.
What we need to consider buying Mortgage notes:
Residential
1. LTV of 90%
2. Credit in 600's
3. Seasoning of at least 1 payment
4. Interest rate of 9%
5. Term 10 20 or 30 years
6. Property to appraise at Fair Market Value
Commercial
1. LTV of 75%
2. Credit in 600's
3. Seasoning of at least 1 payment
4. Interest rate of 10%
5. Term 10 20 or 30 years
6. Property to appraise at Fair Market Value
Land
1. LTV of 65%
2. Credit in mid 600's
3. Seasoning of at least 1 payment
4. Interest rate of 12%
5. Term 10 or 20 years
6. Property to appraise at Fair Market Value
Attention: For Sale By Owners!
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