Earlier this month we purchased a seller-carryback 1st position loan on a 2 unit commercial property in Sherman Oaks, CA. The seller shopped around and actually was quoted a slightly higher price by another company who promised to deliver. After the other company fell through, we funded the deal in 72 hours.
That was a bit quick, but it doesn’t take very long because unlike other companies that need to “fish” for their funds in order to come up with $500,000, we have an established long history with our bank as well as adequate deposits to handle any sized seller carryback loan that comes our way. I was able to get right out to the property in order to take a look at it, I never disturb the tenants or new buyers, the couple of photos I took were taken very discreetly and the whole thing took less than 15 minutes.
Having an experienced note buyer who knows what they are doing is important in your transaction. Usually we’re the highest quote, if you call us and we are lower than somebody else who is legitimate in the business, tell us and we will make every effort to match or beat the other guy. In this case it just wasn’t a
real quote from the other company, I had to tell the seller if the other company didn’t perform, please call us back and that is exactly what happened.
After 32 years in this business, we are firmly established in the market and know what is real and what is not. After receiving a price quote from us, I offer customers references of other customers that have recently sold us their note, so they can call for themselves if they like and confirm that we paid what we quoted, on time and by Cashier’s check or bank wire, if requested. We are only as good as our last
deal is our attitude. Let us earn your business.
If you are thinking of selling your seller-financed 1st trust deed, please consider calling us for a price quote!