Sample note - Posted by BAK
Posted by BAK on March 10, 1999 at 13:11:06:
I attended the convention. You, John, were extremely giving with your time and information. Thank you!
I just have a quick request. I’d like a model note to use that would be attractive to a note buyer using standard and/or simple language. I have two buying situations I’d like to use the note for:
Seller financing: where the note would be structured in such a way it could more readily be marketed by the seller after close. (Could use this as a selling point.)
Investor financing: Where the note would be sold to the note buyer as the full financing document for the purchase of the property at a LTV (80%, 70%, 50%, etc.) and rate of return (14%, 17%, 18%, ect.) the note-buying market would support.
Any suggestions where I could locate such a model? Just something to get started. Thanks in advance for your assistance.