Note-on-Note Financing

You get all the benefits of note buying, plus the guarantees and continued assistance of the current note holders.

Side-by-Side Comparison

	Note-on-Note Financing	Note Buying
Your Borrowers	Current Note Holders	Original Borrowers
Source of Payments	Original Borrowers	Original Borrowers
Documents Recorded	Collateral Assignments of Mortgage and Note	Assignments of Mortgage
Performance Enforcement and Assistance	Current Note Holders	None
Guarantors	Current Note Holders	None
Recourse	Full	None
Who Forecloses	Current Note Holders, You as Backup	You, No Backup

You’ll get collateral assignments of the:

• Notes,
• Mortgages, and
• Income streams:
  • Automatically sent, via Zelle, to your bank, with
  • Payment dates tied to the borrowers’ paydays.

Note Buying

Instead of doing a note-on-note financing deal, if you prefer to buy the note outright, we can sell it to you and assign you the mortgage. It’s your choice.