BUYERS OF COMMERCIAL OWNER

FINANCED PROMISSORY NOTES

Private Commercial Mortgage Buyers

Private Commercial Mortgage Buyer

That’s where we come in. We specialize in the purchase of commercial seller financed real estate notes. We understand the commercial side of this business. This not only means we nearly always close on a note sale we quoted (and at the quote amount unlike many note buyers in this business), but we close very quickly, getting you cash in days instead of weeks or more.

Commercial Mortgage Buyers

At some point investors will try to cut their losses. A strip mall that is nearly new is currently sitting empty and neglected near us. It’s for sale, but has generated little interest. The seller is a real estate professional. Efforts at getting this property to be fully rented and making money have been notably unsuccessful. We think it would make a great location for some type of home health agency, but have not presented this idea to the owner. Surprisingly even these more sophisticated investors will make the same mistake many homeowners make when marketing commercial property.

Commercial Mortgage BuyerTheir biggest mistake? They don’t try to make the property look as attractive as possible. Many owners of commercial properties will list them for sale and fail to consider or address street appeal. They are probably wanting to get rid of the entire headache, similarly to homeowners who want to sell their property “as is”.

Private Commercial Mortgage Buyers

Some properties even end up abandoned or foreclosed. Some of this real estate could be generating income streams with a little improved marketing or imaginative repurposing, although commercial real estate conversions can be hit or miss. The key is demographics research to be sure there is strong demand.

Private Commercial Mortgage BuyerWe are not just buyers of commercial seller financed Notes. We pride ourselves on having great pricing and no pressure superior service for sellers of residential notes above $75,000. We have many happy customers an owner financed residential Sell My Note over the years. Why not join them? We also are available 7 days a week and return all calls within one day and usually 1 hour. Call anyone else and see when (or if) your call is returned.

Commercial Mortgage Buyers

Pragmatically speaking, a commercial property that is generating income becomes much more attractive to potential buyers, AND to potential renters. Part of the value of these types of properties IS how they look to both buyers and renters. Appearance matters.

Commercial Mortgage Buyer

Private Commercial Mortgage Buyer

Unlike commercial bank note selling where it’s all or nothing, selling a commercial owner financed note with a mortgage or Trust Deed has a second option for commercial seller financed note holders. In the industry, it’s called Sell Commercial Note or partial commercial note buyers from the note buyer’s perspective. However, to note holders on commercial properties, this language can be misleading. The reason for the confusion is the fact that you really can’t sell a part or piece of a commercial real estate note. Think about it. How would you foreclose on a partial note in default, take a piece of the real estate securing the note? Sorry, just had to say that.

If a choice of closing locations is provided, the note holder should request to close the sale at the local title company. This allows the individual to leave the closing with the proceeds from the sale of the note. Some note holders offer this service at no charge, while others assign an independent title company to act as an escrow agent on behalf of the seller.

Private Commercial Mortgage Buyers

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