Circumstances change and many sellers would prefer cash today rather than small payments that trickle in each month. Here are just a few reasons people have sold their note payments for cash: ​ • Retirement • Taxes • Investment Opportunity • Expensive Medical Care • Vacation • College Tuition • Unexpected Financial Changes • Peace of Mind – no more worrying if the buyer is going to make late payments or having to foreclose • Accounting headaches, IRS regulations, paperwork hassles, and the list goes on…

Owner financing is on the rise with more sellers agreeing to accept payments from buyers. There are many reasons people agree to take back a note, deed of trust, mortgage or contract including: • Quick sale of the property • Monthly income from the note • No hassles of bank financing (fees, delays, and strict underwriting) • More qualified buyers • Property is hard to finance

A note appraisal reflects the current market value of your payments similar to what a real estate appraisal provides for real property. It shows what your future payments are worth in cash dollars today and is sometimes referred to as a “note analysis” or “quote”. ​ We recommend you have your note evaluated once a year, as pricing may change based on market conditions.

Many of the items that affect the value of your note were determined at the time the property was sold. However, there are three things that you can do now to make your note more valuable: • Keep good records and copies of the payments received, • Obtain a copy of the property insurance policy from the buyer each year; and • Verify the property taxes are paid when they come due (usually twice a year). This will help maintain the value of your important asset and avoid any unpleasant surprises.

We can purchase all or part of your remaining payments. Selling part of the payments allows you to receive a lump sum of cash up front, then payments when the note reverts back to you. We can even pay cash for a portion of each monthly payment. Many people elect to sell just enough payments to meet their cash needs today and keep some of the future payments as an investment or nest egg. Always ask for an option that meets your needs.

The value of a note is affected by the down payment, interest rate, payment amount, and term as well as the buyer’s credit rating and payment history. The type, condition, and value of the property also impact the value of your note. The time value of money, which makes payments due now more valuable than payments due in 20 to 30 years, also plays a role in the evaluation process. Generally, due to inflation, money in your pocket today is worth more now than later. All of these elements will be taken into consideration in determining the current value of your note.

The Payer is the borrower(s) who is/are obligated on your note. They experience no change in the way the payments are structured. The only change will be the address where the payments are mailed. If the note is currently being serviced by a professional servicer, we oftentimes keep the note with that servicer to preserve the Payer’s relationship and customer experience.

The first step is to obtain a quote using our online request a quote form or by calling us at 843.977.3753 or emailing us at deals@station28capital.com. We also request copies of the documents relating to your transaction: • Note and Mortgage (Deed of Trust or Contract) • Closing statement • Buyer information • Pay history and current balance • Previous title insurance policy • Current hazard insurance policy We will then provide you an offer subject to the standard title, appraisal, and buyer’s credit review. Once under contract, you will receive your cash as soon as all of the documentation can be obtained. This typically takes as little as 10-15 working days.

The purchase price is paid in guaranteed funds (cashier’s check or wire transfer) upon receipt of final transfer package and original documents. We are happy to wire funds to the title company so you may exchange your original documents for the proceeds, assuring the safe and secure transfer of your valuable asset.

The process of trading or selling a note is simple and straightforward. It involves the following steps: • Obtain a quote from us • Share the “Collateral File” with us, which is all the loan documents and payment history • Enter into a Purchase and Sale Agreement, sometimes called a Commitment to Purchase Agreement • We conduct due diligence, which includes items such as a review of Title, public records, and other reports • Closing occurs with a local title company or real estate attorney, which handles execution of the transaction documents and escrow/disbursement of funds

We close most note purchases and sales in thirty days or less, with an average closing timeframe of two to three weeks. This period typically begins with the quote for the note purchase and concludes with the settlement of the purchase funds.

Similar to purchasing a car or a house, we need the specifics of the asset (the note) and the collateral that backs it (the property and payor securing the note). Most of the information needed is contained within the Collateral File, which is the: • note itself • security instrument (mortgage or deed of trust) • settlement statement from the creation of the note and sale of the property • servicing records • copies of any documents and records detailing the underwriting of the note when it was created In addition, we generally will have a few questions about the scenario and facts of the sale of the property and creation of the note, as well as about the Payer.

These are different types of security instruments that secure a note with a particular piece of real estate. The use of either of these is typically based on the state where the property is located. We’re happy to buy notes backed by either of these in the states we operate in!

While we’d love to help everyone, there are some states that just aren’t the right fit for us. We do not conduct any business in the following states: • California • Illinois • Maryland • Maine • Nevada • New Jersey • New York • North Dakota • Oregon • Pennsylvania • South Dakota • Washington DC • Washington We define conducting business in a state as the following: • The state where the property securing the note is located • The state where the loan was originated • The state where the Payer resides • The state where the Note Buyer/Seller resides

We pride ourselves on: • Doing business with honesty and integrity • Focusing on guidance, advice, and excellent customer service • Competitive quotes • Providing customized options and flexibility on all note purchases • Security and confidentiality are of the utmost importance with all transactions Read our reviews: Here (https://www.google.com/search?sca_esv=857d9535fc950bf7&si=AMgyJEtREmoPL4P1I5IDCfuA8gybfVI2d5Uj7QMwYCZHKDZ-EyrtnTFxp8xdxNMIlct96oAFNE-dkssf9BBqcOeIn2t5U4R49ONF-GrEcvaoNR_jIaALgzMiuGtMgo7F_T9HahAXfDjR79paigQ6XwsBXB7bqwqKNw%3D%3D&q=Station+28+Capital+Reviews&sa=X&ved=2ahUKEwiPhZr1z6aQAxXKCtAFHcGtB-4Q0bkNegQIHxAD&biw=1728&bih=992&dpr=2)

Yes! We sell both entire notes and note partials. We also provide note brokering services to help you find the perfect note to buy if you need something specific or unique. Just reach out – we’re happy to help!

Yes! We’re happy to offer both in-person and virtual (webinar) educational workshops covering seller finance and buying and selling notes for groups and events. These workshops are complimentary and typically suited for: • Real estate investor meetups and networking events • Note investor clubs • Real estate agents and RE professionals • Flippers and wholesalers who want to sell with seller financing Please submit a contact form and we’ll call you to discuss your needs.

While Station 28 Capital does not originate or offer new mortgage loans for owner-occupied properties nor create consumer-purpose home loans, Patrick is a licensed mortgage loan originator and is more than happy to help with this. For more information on loan origination please click here.(https://assurancemortgage.com/assurance_officers/patrick-roberts-investment-loan-expert/#scroll-to-af-detail)