Direct Note Buyer Announces Private Funding Available for Mortgage Notes and Business Notes
In the days after the 2008 capital freeze and economic down-turn, owner-financing and the creation of private mortgage notes/business notes have tripled in numbers and of course flooded the market.
Unfortunately, after the money train came to a screeching halt, many of the note buyers and their funding capabilities have dried up completely. This leaves the market flooded with middlemen and note brokers (most of which have no financial or business experience whatsoever).
This leaves many private note holders/note sellers holding the bag on their privately-held loans, which they never wanted in the first place.
Amerinote Xchange has just recently created their third in-house note purchasing fund that will allow note sellers of private mortgage notes and private business notes to liquidate their assets with absolute no costs to the note seller, whatsoever. What makes this note buying platform unique is the fact that their purchase criteria will allow the funding of notes that most note buyers would declined to buy.
The founder and CEO of Amerinote Xchange says: “most note buyers require a 600 borrower credit score or higher and at least 10% in equity in the property for residential mortgage notes and a 650 borrower credit score and 10% to 15% in equity in the property for most commercial notes, in order to sell them to a note buyer. We have stepped in and created a platform that will allow notes to be purchased with $0 down/ little equity in the property and as low as a 525 borrower credit score on residential mortgage notes as well as a 585 borrower credit score on commercial mortgage notes.” Mr Shemesh goes on to say: “this will allow every note seller to get a fair shake at liquidating their notes for cash now, regardless of the loan structure.”
Selling a note and beginning the process is fairly simple according to Mr Shemesh. There is a wealth of information on his website including: Amerinote Xchange’s full purchase criteria, the note buying process explained, how to create a valuable mortgage note, how to create a valuable business note and much more. For a more in-depth look and detailed information on accessing this funding platform with Amerinote Xchange, simply visit them at: http://AmerinoteXchange.com/
- Contact Information
- Abby J. Shemesh
- Loan Acquisition Director/Principal
- Amerinote Xchange, LLC
- Contact via E-mail
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