Other Loans Abbey Mortgage Offers
Owner Carry or Real Estate Secured Notes
We don’t have to be owner of the original loan to help. Many investors have paper they either originated or purchased and now would like to turn the paper into cash for other uses. If you find yourself in this position, we will want to review a copy of the Promissory Note, the property and other elements of this note purchase and value the future stream of payments and the underlying collateral to arrive at a cash price we will pay for this secured note. Yes, this generally implies a discount to the face value of the note. So if you absolutely, positively must have the full face value of the note, we probably can’t be of much assistance. However, if the cash today has value to you and your investment needs, we may be able to provide that cash in exchange for your notes.
Business Purpose Cash Out Private Money
Substantial equity positions in any investment property provide you with the flexibility to invest rapidly and take advantage of opportunities in today’s market. The cash out private money loan will provide funding for your use in new investments and allow you to make your move quickly — with cash. This allow you the time to decide if you want to pay off the private money loan or refinance it for the long term. Options abound! Loan to value will vary on this hard money loan, or private money loan, according to the property type, income stream, and other factors, but we will generally lend up to about 65% of the final value.
Cellular Tower Sites and Leases
Cellular phone sites and leases do not typically have the status of normal real estate. They can be sort of fickle. Cell companies merge, then merge systems, find redundancies, cancel leases, secure new leases to fill in weak spots and some still go bankrupt. All of the above means that they can cancel their lease with just a few months notice and, poof, they’re gone!
While that’s a good reason to sell your lease, they may continue for years and years. Of course, a more frequent reason to sell is a big bag of cash today, rather than checks here and there for months and years into the future. We will value the lease according to its location, type of site, whether the real estate is included or not, the carrier involved and the lease status relative to any debt on the property. We will move quickly and give you a price you will be happy to accept. Give us a call or email us anytime.