Posted by John Behle on May 25, 2000 at 13:03:26:
Institutional sources are rare, but a “Broker Line” account at First National Acceptance Corp. is one possibility. They will loan against your notes. You can also cultivate banking relationships and use the notes as collateral - depending of course on the credit, LTV, payment history, etc. of the notes.
My favorite source has always been private investors. You can get as much as 100% financing on your notes you create - depending on your rate and above factors. When you are buying notes, investor financing can actually finance 100-120% or more of the purchase price and still provide a very safe, secure, profitable investment for the investor. We’ve talked a lot about financing notes through both institutions and private investors here and there are many articles and posts related to the subject and indexed at www.papergame.com.