Collateral based lenders (against promissory notes)

[Brian Kempler]

Can anyone recommend a collateral lender who lends against promissory notes? We're calling around and getting interest from maybe 5 to 10% of the lenders we call, but nothing solid yet.

The promissory notes are generated by an RMLO during resale of our property on owner finance terms. I know I have other options like selling the notes or partialling, but this question is more focused on taking collateral based loans against the notes.

[Jay Hinrichs]

U want to hypothicate the notes ?  small community bank where the assets are located is where I have had success at a little over normal bank rates.. but keep in mind we had significant deposit relationships  7 figures etc..