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Commercial
mortgage
notes
can
be
generated
by
private
seller
financing
or
by
a
lender
in
the
Secondary
Capital
Market
and
predicated
upon
real
estate
properties
that
are
used
for
business
purposes.
Like
other
types
of
notes,
the
cash
flow
or
the
income
stream
from
these
notes
can
be
sold
for
a
lump
sum
of
cash
and
can
be
pooled
into
Commercial
Mortgage
Note
Portfolios.
The
portfolios
are
graded
according
to
the
creditworthiness
of
the
mortgagors
and
this
grading
determines
the
risk
value
used
in
the
portfolios'
evaluation.
The sale of the commercial mortgage note portfolio is now available to an investor who has granted credit to mortgagors for commercial real estate or to a purchaser of commercial mortgage notes, who is holding this type of note instrument.
Capital Funding can structure the purchase of the portfolios that the note holder can get a lump sum of cash now for the portfolio without having long term relationships with mortgagors evolving from private commercial real estate pools.
Keep in mind that the portfolios are purchased by the funding source at a discount in order to get a required yield. Also be mindful that the discounted value of the money received from the sale of a commercial mortgage portfolio is worth much more now than it will be in the future.
When submitting a portfolio to us for purchase, the following information should be provided in Microsoft Excel® spreadsheet form:
Name and Address of the Purchaser/Mortgagor and their Social Security Number or FEIN.
Credit score of the Mortgagor.
Year of Construction or Approximate Age of Building.
Date of Sale.
Date of Closing.
Type of Building
City and State Where Building Is Located.
Interest Rate of the Note.
Original Amount of the Note.
Remaining Principal Balance of the Note.
Frequency of Payment (monthly, semimonthly, biweekly, or weekly).
Original Number of Payments.
Number of Payments Made to Date.
Number of Payments Remaining.
Date of the First Payment Made.
Date of the Last Payment Made.
Whether the Mortgagor is Current of Delinquent..
Once we have this information, we will be able to provide an evaluation of the portfolio and a purchase price. Call Capital Funding of America for more details on how to structure this type of sale. For more information, please call 1-800-322-5985 or use this link to our CONTACT US page.
Please
click
this
link
to
revisit
our
HOME
PAGE.
Excel®
is
a
registered
trademark
of
Microsoft
Corporation.
