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Updated over 12 years ago on . Most recent reply

User Stats

42
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0
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Letisha Carter
  • Note Investor
  • Phoenix, AZ
0
Votes |
42
Posts

Need some exit strategy help with business plan from expert note buyers

Letisha Carter
  • Note Investor
  • Phoenix, AZ
Posted

I need a little help with building my exit strategy for my business plan & wondered what the "maximum discount" be for this re-performing note example:

Mount Pleasant neighborhood Cleveland, OH
Interest Rate: 10.0%
Interest Type: Fixed
Payment Freq: Monthly
Term: 15
Remaining Term: 12
Balloon: No
Carryback?: Yes
Lien Position: 1st
Loan Balance: $25,415
Property Type: O/O SFR
6 mon old BPO: $29,900
3 mon pmt hist: timely
Pmt: 350.00/mon
3 mon old CBR: 580
Set up with loan servicer not on ACH debit.

Sorry...I fudged just a little on details, just need an idea of what I could expect for a split-payment deal & what would be the terms normally involved. Also, would it make a difference for ACH debit. I intentionally tried to depict possible worse case scenario.

Any advice would be helpful also. Thanks in advance BP.

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