Need cash now but want to keep your note payments for the long-term? Great, we can buy a certain number of your payments then you take the income stream back over afterward.
See a couple of examples below. Then let us make you a fair cash offer on all or part of your remaining note payments.
Maybe you want all or most of your principal that is stuck in the note returned to you… but you still want to keep a hold of some of the future payments in this note as well for the added return over the term of the note.
Let’s say you have a first position $100k private mortgage at 10% for 10 years with 8 years remaining and you’re receiving monthly payments of $1,321.51.
You can sell 43 payments to Midlantic Capital for $39,777* in cash today, then you’d receive the mortgage back after those 43 payments… and you can continue to collect the remaining $43,609 on the note.
Your Benefit: You’ll have immediate use of $39,777 in cash + you’re not losing any principal (in fact still earning a positive return)
Maybe you are just ready to move on and regain control over the cash locked inside your note… and selling all of the remaining payments and being fully released from the burden of the administration of that note is the right fit for you.
Let’s say you have a second position $50k private mortgage note at 10% for 20 years with 10 years remaining and you’re receiving monthly payments of $482.51. But the borrower has been late on their payments… and even missed a few payments recently and you just don’t want to have to worry about chasing them for payments or foreclosing on the note.
You’ve already received your principal back plus some, and you’re ready to move on.
You can sell the remaining 120 payments to Midlantic Capital for $35,424* in cash today and be completely rid of even having to think about that note or the payments being made ever again. We’ll take the note over, any collections headaches, and if the borrower stops paying… that’s our problem NOT yours.
Your Benefit: You’ll have immediate use of $35,424 in cash rather than waiting 10 years +
the headaches of dealing with this flaky borrower are gone!
* The purchase amounts in the examples above are for illustration purposes only. See what we can offer you on your mortgage note today by calling (321) 252-7678 or submit your info in the short form above to get started.
We are a real estate solutions and investment firm that specializes in helping homeowners get rid of burdensome houses fast. We are not realtors, we are investors and problem solvers who can buy your house fast with a fair all cash offer.
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