National Commercial Note Buyers have been buying distressed commercial real estate notes from Banks and other Financial Institutions since 1995. We broadened our search to Seller Financed Commercial Real Estate Notes and Loans and seek loans throughout the United States from $100,000 up to $5,000,000.
Sell Your Owner-Financed Commercial Private Mortgage Loan
We try to make the process as easy as possible. We buy performing 1st Lien loans and notes but we are also different in that we will buy distressed loans and 2nd Mortgages in certain situations.
On a 2nd Mortgage or lien situation we would require the right to pay off the 1st mortgage in a default situation.
Offers are given in writing and our contingencies are spelled out.
We strive to close our purchase of your note as quickly as possible – typically within 30 days and no longer than 60 days. Due diligence is performed in-house on the loan and collateral at no cost to you.
Daily Prime Mortgage Rate in US
Requirements to sell your note:
Copy of the current note signed by all parties
A statement from you of the last payment received from the borrower and have they missed any payments.
Description of the property or properties collateralizing the note.
Other items that will help us get YOU the Best Price for your Note:
- Appraisals, environmental reports, surveys of the property or properties collateralizing the note or loan and dated within 2 years of your submission to us if you have them.
- Any financial information you have on the borrower if you have them.
- Any escrows for real estate taxes or insurance you are holding as the lender if there are any.
- Title policy you received at the closing.
Types of Commercial Notes We Buy
- Mixed-use types of buildings (apartments and retail space)
- Land Contracts
- Auto repair shops
- Gas stations
- Office buildings
- Industrial buildings
- Apartment buildings with over 4 units.
- Self storage facilities
- Mobile home parks
- Convenience stores
- Bowling alleys
- Parking garages and lots
- Medical office building
Any piece of real estate that has a commercial building or commercial use and you hold the note, we will look at purchasing your note. We DO NOT look at loans collateralized by nursing homes or assisted living facilities.
What is Commercial Notes?
A commercial note is a private mortgage note taken when a business owner self finances the commercial property associated with their business. Many types of real estate fall under this category including mixed-use types of buildings (apartments and retail space), motel/hotels, auto repair shops, gas stations, office buildings, industrial buildings and apartment buildings with over 4 units. Oftentimes, these commercial mortgage notes allow the seller to acquire financing more easily and allow more capital for purchasing both the business and the commercial real estate involved with the business. Commercial note buyers, also referred to as promissory note buyers, allow the private loan holder an opportunity to get the money for their note earlier than what was agreed to in the initial commercial property loan transaction.
National Commercial Note Buyers
National Commercial Note Buyers have been buying distressed commercial real estate notes from Banks and other Financial Institutions since 1995. We broadened our search to Seller Financed Commercial Real Estate Notes and Loans and look throughout the United States and seek loans from $100,000 up to $5,000,000.
What is the difference between a business note or a commercial note?
A business note is an owner’s self-financed loan taken when you sell your business without the real estate- or business assets only. Commercial notes are the loans taken back by the seller to finance commercial real estate.
How easy is it to sell your note?
National Commercial Note Buyers has been purchasing commercial notes across the United States since 1995. We offer an easy process to get cash for your real estate note now!