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Visions Capital Funding |
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See What VISIONS Can Do For You |
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WHAT IS A PRIVATELY HELD/OWNER FINANCED MORTGAGE NOTE?
Owner Financed Mortgage Notes are created when the owner (seller) of a property (residential or commercial) or a business carries back or provides financing to the potential buyer(s). Numerous sellers offer owner financing to create a quick sale and also to open the door to many more interested buyers.
Today, owner financing has become an established and accepted practice in real estate and business. With the mortgage industry constantly changing, owner financing is an even more attractive option than it has been in the recent past.
You can sell all or only a portion of your privately held note.
You may even sell future payments today while still receiving current payments.
Types of Mortgage Notes and Other Notes
Residential Notes- Mortgages, Deeds of Trust or Land Contracts that are created by the sale of:
· Single Family Houses · Townhouses · Condominiums · 1-4 Family Units
Commercial Notes- Mortgages, Deeds of Trust or Land Contracts that are created by the sale of:
· Office Buildings · Retail Buildings · Apartment Buildings · Industrial Buildings · Other Commercial Property
Vacant Land Notes- Mortgages, Deeds of Trust or Land Contracts that are created by the sale of:
· Developed Land · Undeveloped Land · Land not designated for a specific use such as farmland or waste storage
Business Notes-
If you recently sold a business, are currently holding the note and are interested in liquidating your note for immediate cash, please contact us for more information. |
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PRIVATELY HELD MORTGAGE NOTES |
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Example:
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Owner Financing (80/10/10)
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Sales Price Down Payment First Position (80%) Note (Seller) (Note @ 8% for 360 months = $587.01/month) Second Position (10%) Note (Seller) (Note @ 12% for 84 months = $176.53/month)
Sale of Note (First Position) Real Estate Commission (6%) Balance of Escrow to Owner/Seller Original Down Payment Second Position Note Payments over 7 years
Total Net to Owner/Seller |
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Cash Offer
$100,000.00
80,000.00 -4,800.00
$75,200.00
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Sales price
Cash Offer Real Estate Commission (6%)
Total Net to Owner/Seller |
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$100,000.00 -10,000.00 80,000.00
10,000.00
64,223.80 -6,000.00 58,223.80 +10,000.00 +14,828.52
$83,052.32
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Realtors… You Can Benefit from Working With Us
There is a REAL benefit for realtors and their clients to work with Visions Capital Funding and encouraging property owners to consider Owner Financing…
· More people will come to look at the home as a result of offering owner financing · It will most probably sell for a higher price because the seller of the home does not have to reduce the price of the home when they agree to take back the note. · The Realtor can make more because the home will sell for more and the commission is based on the selling price.
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Give Visions Capital Funding a call to receive a free note purchase evaluation. |