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If you are a mobile home dealer or manufacturer and you wish to convert the private seller financing you provide to your customers into cash, Capital Funding of American has a program that can be quickly created and tailored for you. You then can turn your portfolio into cash.
On the other hand, if you are a dealer or manufacturer and want to become competitive in today’s finance-driven economy, Capital Funding can initiate a program that allows you to provide financing without raiding you profits. You can provide seller financing that you can quickly converted into hard cash rather than holding your own private notes to maturity—which can strangle your cash flow.
Furthermore, by selling your notes as a portfolio through Capital Funding, the credit of your customers and retail dealers does not have to pass the stringent requirements of the conventional banking system. This is a program that can cause an enormous increase in your sales volume.
The major requirements for funding a portfolio is that the mobile home is on a permanent foundation and that the sale included the land on which it sits.
When submitting a portfolio to us for bidding, the spreadsheet should included the following information in Excel® format:
Name and address of the purchaser/borrower and borrower's social security number.
Credit score of the purchaser.
Make, year, and model of the mobile home..
State where the mobile home is titled.
Interest rate of the note.
Original amount of the note.
Amount of each periodic payment.
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 account has been sent out for collections
Please call us today to discuss our Portfolio Plan and your new marketing tool at 1-800-322-5985 or use this link to our CONTACT US page.
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