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:

• 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).
  
  

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!