|
Mortgage/ Boat/
Business Notes |
Today,
owner financing has become an established and accepted practice
in the industry. In owner financing the seller accepts a promissory
note as a portion of the purchase price. A promissory note
is a written promise to pay a specified amount to a specified
party over a certain period of time.
Why would someone want to sell their note? There are many
reasons why someone would want a lump sum payment on their
note:
|
- Current enjoyment
- To pay off debts
- To fund college costs
- Other investment opportunities
- Major purchases
- To pay taxes
- Simply tired of collecting payments note.
What is the advantage to selling a note? Economic factors
like inflation and the rising cost of living make money in
the future worth less than money today. Today the value of
your note(s) will depend on several factors. First, the collateral
securing the note (if any). Second, the number of remaining
payments. Third, interest rate (if any). And fourth, credit
worthiness of the party making payments to you. Bottom Line:
Cash today is worth more than cash tomorrow!
JES Funding Solutions
can buy all or a portion of the payments from that
note to provide cash immediately. Or we could
buy your future payments today and you can still receive current
payments. Here are just a few types of notes:
|
| Top |
| REAL ESTATE NOTES |
- Residential Notes - Mortgages, Deeds
of Trust, or Land Contracts that are created by the sale
of Houses, Townhouses, Condominiums, 1-4 Family Units.
- Commercial Notes - Mortgages, Deeds of
Trust, or Land Contracts that are created by the sale of
any type of commercial property such as Office, Retail ,
Apartment (more than 1-4 family units) and Industrial.
- Vacant Land Notes - Mortgages, Deeds
of Trust, or Land Contracts that are created by the sale
of Developed Land, Undeveloped Land and, Land not designated
as a specific use property such as farm land or waste storage(This
category does not include land that has been improved for
development and building).
|
| Top |
| BOAT NOTES |
Marine
or boat note is a promissory note secured by a marine craft.
Marine notes are collectively known as marine paper. Marine
paper is created when a boat is purchased and the seller(either
a marine dealer or individual) provides the financing. Marine
paper can be secured by all types of watercraft, including commercial-fishing,
tug and towing, passenger or cargo vessels, ferries- research
vessels, unpowered barges, private motor and sailing yachts
and houseboats. |
| BUSINESS NOTES |
Unlike
a real estate mortgage note a business note is usually secured
by the business itself (rather than real estate) and all the
inventory, equipment and assets owned by the business. Typically
we work with clients who have sold a business, received a
substantial down payment and carried back a loan in the form
of a business note, secured by the business and usually, personally
guaranteed by the payor, and who are receiving regular monthly
payments on the loan.
Depending on a variety of factors such as rate, term, note,
structure, pay, history, number of payments made, current
credit situation of business and payor, we have access to
the funding sources who will pay CASH for the FULL or PARTIAL
purchase of your note. There are only three major investors/note
buyers, nationwide, that buy business notes to keep for their
own portfolios, and they consistently pay the highest prices
for the notes they purchase. We work directly with all three
and our job is to negotiate with these sources to get the
best deal possible for your note!
|
| Please, Contact
Us for a FREE,
no obligation, confidential consultation, and
we will be happy to explain how we can help. |
| Top |
|