All Forum Posts by: Jared Kuhn

@Chris Seveney,

Thank you for the reply. Unfortunately I have been checking paperstac but there is only 2 SFR notes currently with an unpaid balance of what I'm looking for.. both notes are newly originated. If I expand my search for land notes I have more options but at this time I am really only looking for occupied SFR.

I am looking to purchase a performing note. 1st position on a SFR, UPB in the 105k-130k range, at least 6 months of on time payments, and <70% LTV. If anyone has anything they would like to sell please let me know. Thank you

Hello Everyone, 

I am getting a mortgage note with a UPB of 60k, amortized for 6 years at 8% so the monthly payments are $1051.99. I would like to use it as collateral to borrow 42k from a private lender, interest only payments in the 8-10% range for 12 months. I will record a collateral assignment of the mortgage with the county so the lender has good collateral with lots of equity during the duration of the loan.

My question is regarding finding a hard money or private lender that lends with notes as collateral instead of just properties? It seems that most private lending companies are geared to lending against property. Has anyone done this, and if so, are there any suggestions for a lending company? 

Thanks