Mortgage Brokers & Lenders
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated 11 months ago,
Collateral based lenders (against promissory notes)
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.