Many note holders wanting to sell a note don’t understand the effect long amortizations have on the value of their note. To illustrate, I often ask them if I offered them $1,000 or $2,000 in 20 years, which would they prefer. I’ve never had anyone take the larger amount. Here is a live example. I quoted a note seller that wanted to sell a note with two scenarios. One is with his balloon as is, which occurs in just over 2 years and the other is if we have to take the balloon out so it amortizes over the full 30 years due to poor credit of his borrowers where we can’t refinance them. We aren’t interested in owning the property. The difference was incredible. The quote with the balloon was over $20,000 higher. If I owned a note with a 30 year amortization and no balloon, I’d try to revise the note before selling it so as to have a balloon in 5 years even if I had to lower the interest rate to incent the borrower but that’s just me. If you have any questions about note selling, give us a call @ 1-877-655-5625. Ask for Ron.
I’ve had many note holders ask the question, “Can I sell a note on a mobile home without land?” Sadly, I’ve turned down numerous mobile home note sellers where there was no land. That’s the bad news. Now for the good news. I have a new investor who is a buyer of mobile home notes without land. And while these notes are discounted higher than mobile home notes with land due to the increased risk when you have a mobile home that literally could disappear in the night, I now can help someone who wants cash for a mobile home note where there is no land. Give us a call to see how much cash you can get for selling a mobile home note with no land. 1-877-655-5625
U.S. Funding Solutions, Inc. now has programs available for the sale leaseback of commercial real estate. Properties that qualify for these programs include franchises for a) Casual dining and b) Gas and convenience store locations. Also available are construction and leaseback programs. These great sale leaseback programs allow franchise owners to free up capital for many needs including the purchase or construction of additional franchise locations. Visit Sales and Leaseback or call Ron Stone at 1-877-655-5625 for details.
We are now buyers of non performing commercial mortgage notes. Non performing commercial notes are a different animal than non performing residential notes (which we also are buyers of). Rather than go through the hassle and time of foreclosing on a commercial property when you can sell a non performing mortgage note for cash now. As every non performing commercial note is different, call us to see if we can turn your non performing note into cash.
