Mortgage Note Buyer Announces - Funding Limit Increase for Performing Residential and Commercial Mortgage Loans Across U.S.
May 24, 2011 - San Francisco, CA - Amerinote Xchange, LLC, the fastest growing private loan acquisitions company, announces that they are stepping up their funding capabilities for existing performing residential mortgage notes and performing commercial mortgage notes, throughout the United States.
This news comes several days following a decision to increase their over-all mortgage note funding limit on private mortgage loans that were created via a seller-financed transaction. These funds are available to individual note holders, note brokers and financial institutions alike.
The limit increase takes AX’s note funding limit from $10MM to $20MM across the board on all existing performing residential or commercial loans that require liquidation.
The loan acquisitions director and CEO of AX, Abby J. Shemesh, states: "The decision to increase our mortgage note funding limit was predicated on the steady growth of our organization throughout the 2010 fiscal year and as well as Q1 of 2011.”
Mr Shemesh goes on to say: “We are finding that our mortgage note investment appetite and over-all risk tolerance has changed for the better during Q4 of 2010 which will allow us to bid more aggressively on mortgage loans that would have been turned down, previously.”
"In addition to our aggressiveness when pricing out mortgage notes for acquisition, we are now in a financial position to double our funding capabilities which will allow us to become extremely more competitive over the course of the next 12 to 24 months when buying mortgage notes, in general.”
To learn more about Amerinote Xchange or their in-house mortgage note funding capabilities, visit their website at: http://www.AmerinoteXchange.com or call them directly at: (928) 846-7922.
- Contact Information
- Molly A. Corson
- Marketing Director
- Amerinote Xchange, LLC
- Contact via E-mail
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