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Our
service is to
serve you in a timely and professional manner.
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Premier
Funding USA
620 Newport Center Drive #1100
Newport Beach, CA 92660
Business: (800) 551-7905
Tel: (949) 858-2900
Fax: (949) 713-2008 info@PremierFundingUSA.com
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Premier
Funding USA specializes
in the purchase of Privately held Mortgage notes, Deeds
of trust and land contracts. We have developed numerous
programs to help our clients meet their immediate needs.
We have found that many times when an individual is looking
to sell their mortgage note, its because they are in
need of a small amount of immediate cash, while others
would like to cash out their Mortgage note in its entirely.
With this in mind, we have developed the following purchase
options. |
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Full
Purchase - the purchase of
a Mortgage note in its entirely |
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Partial
Purchase - the purchase of a specified number of future
payments |
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Split
Payment Purchase - the purchase of a specified monthly
amount |
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| (at
least 2 or 3 payments already
made) for real property,
AND with new notes that are created in a Simultaneous
Closing: |
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Residential
Notes - Notes that are created by the sale of residential
properties. This category includes houses, townhouses,
condominiums, and one-to-four-family rental units. |
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Commercial
Notes - Notes created by the sale of any type of business
properties. This category includes office, retail,
apartment (more than
four-family units),
and industrial properties. |
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Vacant
Land - Notes created by the sale of vacant land. This
category includes unimproved (raw)
land, improved (for
development) land,
and building lots. |
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| Simultaneous Closings:
If a buyer has a down payment, and can support the monthly
payments for a property (directly
and/or through rents), but
cannot for whatever reason qualify for a bank loan, and
a seller does not wish to
carry-back and subsequently collect the payments over
time on a private mortgage note (and
bear the risk of a default)
then a (technically, an
"almost") Simultaneous
Closing can satisfy the needs of both parties. |
| It works
this way: Prior to setting
up the closing, the seller and the buyer agree on the
terms of the deal, including the agreement by the seller
to take a private note (normally one with a "balloon")
for the balance of the purchase price.
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The
seller and the funding source
separately agree that the source will make a full purchase
of the seller's private note, just after the purchase
is finalized (usually within
three days after the closing).
In this interval, the elements of the closing are verified
by the funding source. Then the source buys the private
note from the seller (wiring
the money to the seller's account);
the buyer now makes payments on the private note to the
funding source. The seller has cash for the sale, and
has nothing further to do with the private note. The buyer
now has the time until the balloon payment to make steady
payments, improving his credit, and then be able to arrange
to refinance the private balloon note, or to sell the
property, hopefully at a nice profit.
Contact
us today!
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Copyright 2005 Premier
Funding USA, Inc.. All Rights Reserved.
