FUNDING GUIDELINES

 

  Residential Mortgage Notes                                                                           

  Minimum Funding Amount:  $30,000                                               

  Maximum Funding Amount:  $500,000                                             

  First Position Notes Only                                                                

  Seasoning Requirement:  Minimum 90 Days                              

  ***No Simultaneous Closings at this time***                                          

  Minimum 10% Down Payment Required                                          

  Minimum Credit Score:  650 New, 600 after 1 year                           

  No Interest Only Notes                                                                   

 

  Structured Court Settlements

  Minimum Funding Amount:  $20,000

  Maximum Funding Amount:  No Maximum

  Only Settlements paid by insurance companies will be considered

  All transactions require a court order

  No Worker's Compensation Settlements

  No Retirement Plans, Disability payments, Judgments, Divorce Settlements, Social Security Payments, or IRAs

 

  Lottery Payments

  Minimum Funding Amount:  $20,000

  Maximum Funding Amount:  No Maximum

  Some states require court orders

  We only purchase from the following assignable states:

  Arizona, California, Colorado, Connecticut, Florida, Idaho, Illinois, Iowa, Maine, Maryland,
  Massachusetts, Michigan, Minnesota, Montana, New Hampshire, New Jersey, New York,
  Ohio, Oregon, Pennsylvania, Texas, Vermont, Virginia, Washington, West Virginia, & Wisconsin.

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  Business Notes

  Minimum Funding Amount:  $20,000

  Maximum Funding Amount:  $200,000

  Personal Guarantee required by payer (this means the payer guarantees to make payments even if the business fails)

  Seasoning Requirement:  3 months (we want to confirm no issues between the buyer and seller that would prevent payments being made)

  Down Payment:  Minimum 30% down payment

  Credit Score requirement:  Minimum 700

  Business Notes not considered:

  Business Notes that result from the buyout of a partnership arrangement

  Business notes that have more than one owner (note holder) and only one is interested in selling

 

  Life Settlements

  Minimum policy amount:  $250,000

  Minimum Age:  72

  Life Expectancy:  between 2 and 10 years

  Cash Value:  less than 25% of policy amount on all whole life policies

  Maximum ratio of premium to death benefit:  5% or less

  WE DO NOT PURCHASE POLICIES THAT HAVE ALREADY BEEN PURCHASED BY ANOTHER    

  COMPANY.  WE ONLY ORIGINATE OUR OWN PURCHASES WITH NO INTEREST IN PORTFOLIOS.


  Commercial Mortgage Notes

  Minimum Funding Amount:  $100,000

  Maximum Funding Amount:  $2,000,000

  First Position Notes Only

  Seasoning Requirement:  Minimum 120 Days

  ***No Simultaneous Closings at this time***  

  Minimum 30% Down Payment Required

  Minimum Credit Score:  675

  No Interest Only Notes

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