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Attention: Commercial Real Estate Professionals and Business Brokers
Because of the reluctance of commercial banks to finance sales of small businesses, Private Owner Financed Business Notes are widely used and commonplace in such transactions and can often provide the catalyst to get the deal done. Many sellers would prefer not to hold finance paper for lengthy periods of time, however. Before you structure your deal, think of your "exit strategy". Contact us regarding how to make your seller carry-back business note attractive for resale at a later date if necessary
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SELLER FINANCED BUSINESS NOTES
Are you receiving a monthly payment from a private carry-back Business Note and now find the need for LUMP SUM CASH? If so, we can help. Charter Financial is a national purchaser of Private Business Notes including:
A Purchase Plan Tailored for Your Needs
Whether you need just a small amount of ready CASH or find you need to sell, your entire note, our experienced contract can tailor a specific purchase option just for you. We can...
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Purchase Your Mortgage Note in its Entirety
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Purchase a Set Amount of Future Payments
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Purchase an Upcoming Balloon Payment
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Any Combination of the Above
Our Purchase Parameters
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All Business Types Are Considered
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We Consider First Lien Positions ONLY!
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A Personal Guarantee of the Payer is Required
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Minimum 30% Down Payment. Smaller Amounts Considered on a Case-By-Case Basis
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Minimum of Three (3) Month's Seasoning
Business Note Payments Requirement
Down Payment
Minimum 30% Down Payment Required
Cash Management
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Seasoning Requirement: Minimum 120 Days
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Minimum Credit Score: 675
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The first Position Notes Only
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Minimum Funding Amount: $20,000
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Credit Score requirement: Minimum 700
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Personal Guarantee required by the payer (this means the payer guarantees to make payments even if a business fails)
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Seasoning Requirement: 3 months (we want to confirm no issues between buyer and seller that would prevent payments being made
Business Notes not considered:
Business Notes that result from the buyout of a partnership arrangement
Business notes that have more than one owner (note holder) and only one are interested in selling