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Grand.bank Claimed

17 Plaza Drive, Hattiesburg, MS 39402
Lucas Boerma, Acquisitions Director
800-300-1467 (Landline)
Note Buyers

Short Description

Welcome to Grand Bank's Note Purchase Division. Ready to sell your owner-financed real estate note? Contact us for a competitive offer and we will be with you every step of the way. Since 1978, Grand Bank has purchased owner-financed, real estate notes from individuals and brokers nationwide. We are an FDIC-insured, federally regulated bank, so you know you're dealing with a buyer you can trust. Sell your note directly to us, and receive cash immediately!

Business Details
3
ITV of 60% or less
WHAT TYPES OF SECURITY/COLLATERAL DO YOU LIKE?:
SFR
Condo
Townhouse
Co-op
Residential Land
Mobile / Manufactured Home
Multifamily
Commercial
Owner Occupied
Non-owner Occupied
Owner Occupied
Non-owner Occupied
Owner Occupied
Non-owner Occupied
Owner Occupied
Non-owner Occupied
With improvements Residential
Without improvements Residential
With land
1 to 4 units
5 or more units
Small
Large
Office
Self-Storage
Land
Gas / Service Stations
Taverns
Farm Land
With improvements
Without improvements
With improvements
Without improvements
4
Minimum Investment per Transaction:
30,000
Minimum Investment per Loan:
30,000
Maximum Investment per Loan:
1,000,000
Do you buy pools / portfolios?:
Yes
Do you have a minimum cash on cash return requirement?:
No
Do you have a minimum loan to value requirement?:
Yes
Percentage:
90
Do you have a minimum discount?:
No
Do you have a minimum payor credit score?:
Yes
Score:
560
Do you buy partials?:
Yes
1
WHAT TYPES OF NOTES OR ASSETS DO YOU BUY?:
Senior Lien (1st Lien)
Junior Liens (2nd Liens)
Contract for Deeds
Performing
Seller Financing
Performing
Non-performing
Seller Financing
2
WHAT STATES DO YOU BUY FROM?:
National
5
Do you have a submission form for any seller?:
Yes
Link:
https://sellmynotedirect.com/quickquote/
6
Broker Link:
https://sellmynotedirect.com/quickquote/
Do you have a private investment fund?:
No
Do you service notes for third parties?:
No
Do you lend money?:
Yes
Do you require the service / collection account to be moved after purchase?:
Yes
Do you offer educational services?:
Yes
Link:
https://sellmynotedirect.com/quickquote/
Do you work with brokers?:
Yes
We protect brokers for future sales to referrals 2:
We protect brokers for future sales to referrals
Do you have a broker training link?:
Yes
11
Additional Comments:
Our aim is to be a broker friendly funding source specializing in performing owner finance acquisitions and pool purchases of primarily ITIN (Individual Taxpayer Identification Number) originations. We have no commission caps, your fee is only limited to your ability to negotiate with the seller.
7
Purchasing Format:
Contact Persons
Acquisitions Director
Business Hours
GMT -06:00
Open by appointment
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PTE Group, Inc

2901 W. Coast, Suite 200

Newport Beach, CA 92663

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