Why Would I Want To Cash In My Note?
There are a variety of reasons people consider selling their payments for cash:
and the list goes on...
What kind of notes do you purchase?
We buy all kinds of cash flows:
Owner Held Mortgages, Deeds of Trust or Land Contracts:
Single Family Residences, Duplexes, Condos, Town Homes, Apartment Buildings, Commercial Buildings, Land (either unimproved, meaning no utilities; and also improved land, meaning utilities), and Mobile Homes with Land. We DO NOT purchase notes on Mobile Homes without Land.
We consider land notes but the buyer needs to have invested cash (down payment) into the deal
Settlements & Lottery Winnings:
We purchase all kinds of structured settlements and annuities. What we DO NOT purchase are: Social Security Payments, IRAs, Alimony Payments, Disability Payments, Judgments, or Retirement Plans.
What are some of the buying criteria?
FICA Credit Scores must be 575 or higher; Mobile homes with land must be 625 or higher.
Most properties should have some sort of down payment
Note should be in the first position, we will look at all contracts.
Balloon payments are ok to have.
Note must be secured by real estate ( not by business itself, if commercial ).
Note must have interest (%) rate and monthly payments are the best
*** (Just Sold) new notes must be seasoned for at least 3 payments for commercial 2 payments for residential
and 1 year of payments are the best ***
We purchase notes/settlements for $30,000 and up; also, that have at least 24 to 36 months left in length of contract/payoff time.
How long does it take to get a quote?
Once we have received and clarified all pertinent information about the note, it usually takes about 2-3 business days to present you with a quote.
How much do I get for my note?
We take a look at many things when we give you a quote: down payments, interest rates, payment amount, term, etc. After we take a look at these factors, we give you the highest possible quote for your note. Our goal is to get you the most cash possible, in the fastest way possible.
I need money fast. How long does it take to receive cash for my note?
After we complete due diligence on the offer, our clients have received cash in 30-45 days (some might be longer). It depends upon the nature and complexity of the note and transfer process.
How much does all this cost?
We take care of everything. The quote costs you nothing, except the time to fill out the forms. The quote you agree to and sign off on is the amount of cash you receive for your note.
How does this change my note?
It doesn’t. The sale of your note doesn’t change the interest rate, the monthly payments, or anything else to the buyer!
Who typically uses your service?
Anyone who wants to get cash quickly. Banks and other financial institutions have been selling notes for years, and so have people like you. It’s a fast, easy way to get access to your cash flow now.
What type of notes do you accept/buy?
We have given quotes and accepted
How does note buying work? Amortization/Term Loan Purpose Rates/Fees
First, fill out our quick and easy form. That gives us enough information to give you a free, no-obligation quote. After you accept our quote, we’ll ask you for some documents to allow us to process the purchase. After we receive these critical documents, we can fund your money.
Loan Amounts
$100,000 and up for commercial real estate projects with preference to $250,000 and up deals. Asset based business loans of $250,000 and up.
Up to 30 yr amortization with terms of 5, 10, 15, 25 and 30yr. dependent upon type of project.
Refinance, acquisition, expansion, and construction.
Rates and fees are competitive and are dependent upon: project, credit, loan to value, etc.
