Feedback on Paper Assets Capital for Trust Deed

[Vishwa Mishra]

Hi All ,

I am doing some research on Trust Deed ( Performing Notes only ) and have found few providers through the reference from BP and also doing an organic search on the Internet.

Have anyone used company Paper Assets Capital (PAC) to buy Trust Deed ( Performing Notes only)?

If yes, could you share your input on

1: How long you have been with them?

2: Are you getting the promised return?

3: How easy/Tough was your overall interaction with them?

4: How reluctant were they to find a good solution in case you ran into an issue ( foreclosure, delay in payment, insurance issue )with borrower after buying the property?

Feel free to share any other provider details that you have worked with to get Trust Deed.

-Vishwa

[Chris Seveney]

@Vishwa Mishra I have not bought from PAC but know of the owners and they are reputable in the note space. Now as it pertains to a performing Note:

1. Returns are never promised. There are projected returns but no one guarantees a return. If they do then they will be in handcuffs in the very near future.

2. Are you looking for them to manage the note for you? The interaction when acquiring a note is actually very limited once you get the collateral files. But the guys at PAC are typically very responsive in their work from what I see.

If you buy a performing note from them (or most note investors) you are buying it as-is and if the borrower stops performing, you're on your own.

If you invest in a 506(c) that is different in that it provides a preferred return and you can ask for the history of the fund. But if your buying a one off note from them or from another investor, its like buying a house, if after you buy the house the refrigerator breaks, your not going back to the seller, its on you. The same goes with a note, if they stop paying, you need to get it resolved.