Direct Mortgage Buyer Announces New Non-Performing Mortgage Note Funding Platform To Be Unveiled May 2011
April 23, 2011, San Francisco, CA - Amerinote Xchange, llc, the fastest growing direct mortgage note buyer and business note buyer of performing loans in the country announced on Friday that they will officially start to fund and purchase privately-held non-performing mortgage notes, across the country.
It has also been announced that the majority of non-performing notes that we be considered for acquisition, will primarily be commercial mortgage notes.
All non-performing residential mortgage notes will be reviewed and possibly considered on a case-by-case basis, according to Amerinote Xchange’s President and Sr Loan Acquisition Officer, Abby Shemesh.
Mr Shemesh also goes on to say: "the reason Amerinote Xchange’s non-performing mortgage note investment appetite is geared towards commercial mortgage notes as opposed to residential mortgage notes, is due to the aftermath of the September 2008 market crash and liquidity crisis. Many non-performing residential mortgage notes have flooded the market and continue to do so today.
From our experience, the values of commercial properties in our current economically landscape definitely perform much better than the residential real estate sector. Thus, our primary investment interest lies in existing owner-financed commercial mortgage notes which are currently non-performing"
To learn more about Amerinote Xchange’s new non-performing mortgage note funding platform, simply visit its website at: http://www.AmerinoteXchange.com or call them at: (928) 846-7922.
- Contact Information
- Molly A. Corson
- Marketing Director
- Amerinote Xchange, LLC
- Contact via E-mail
This news content may be integrated into any legitimate news gathering and publishing effort. Linking is permitted.
News Release Distribution and Press Release Distribution Services Provided by WebWire.