|
 Questions
Most Frequently Asked by our Clients.
- Will someone really
buy my note?
- Why would I want to
sell my note?
- How much is my note worth?
- How soon can I get my
money?
- I have a need for immediate
cash but also rely on the payments
I receive.
Is there
anything I can do?
- I’m interested
in learning more. What should I do first?
- Why should I use Diversified
Funding Source?
Q
& A
1. Will someone
really buy my note?
Absolutely! We currently have access to hundreds
of commercial and private investors with literally billions
of dollars available to purchase a variety of business
and real estate notes. Many funding sources specialize exclusively
in the purchase of business notes while others specialize in specific
areas of real estate such as commercial or residential property, vacant
land, and others.
There are also
funding sources that limit funding to large purchases while
others prefer to fund small to medium size notes. The good
news is we at Diversified Funding Source have access to all
of them! Depending on your needs and the particulars of your
note, we simply find a match that will get you the funds
you
need.
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2. Why would I want to sell
my note?
There are three main reasons people may want
to sell their privately held note.
A. Get immediate access to your cash to use
for another purpose. Our lives are constantly changing
and our needs for cash can also change.
- Unforeseen illness or personal need
- Pay off high credit debt
- Pay for college education or wedding
- Home improvement or home purchase
- Simplify life, estate planning
- Finally take that dream vacation
B. Money is worth more today
than it will be tomorrow!
- Avoid the impact of inflation
- Take advantage of a cash discount for a major purchase
- Start enjoying the benefits now of a purchase you’ve
delayed
- Get cash now to avoid the uncertainty of the future
and protection from default
C. Pursue a greater opportunity!
- Cash to start your own business
- Opportunity to invest in a new venture
- Avoid selling stocks at a loss just to get needed cash
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3. How much is my note
worth?
The value of your note depends on a wide variety
of factors which may include the following:
- Terms of the note including interest rate, frequency
of payments and any balloon payments due.
- The value of any equity or collateral.
- Existence of any other financing.
- Payment history, age and balance remaining.
While all these factors may seem to make it
difficult to evaluate your note, we can usually obtain an
offer from a qualified buyer in 48 hours! Give us a call today
and we can get started right away!
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4. How soon can I get
my money?
Once we submit the initial information on
your note to a qualified buyer, we typically receive an offer
for purchase within 48 hours. If this offer is acceptable
to you, we then forward actual copies of your note and other
specific information regarding the property to the funding
source.
They will then complete their “due diligence,”
complete the paperwork and you will receive a check for the
agreed amount. This process generally takes 2-3 weeks.
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5. I have a need for
immediate cash but also rely on the payments I receive.
Is
there anything I can do?
Yes there is! What may work best for you is
what is known as a partial purchase. We deal with many funding
sources who are in a position to make offers that give you
the flexibility to meet a specific financial need.
For example, you may want to sell only a specific
number of payments you are to receive or you may need all
your payments now but can sell the last 5 or 10 years of payments
on your note. In some cases, selling a portion of each payment
you receive would make the most sense
In any event, we will work with you to get
you the cash you need now and structure a sale that will meet
your needs.
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6. I’m interested
in learning more. What should I do first?
The best thing is to simply call or email
us so we can answer any preliminary questions you might have.
Together we can assess your needs to see if selling your note
is the best option for you at this time.
If you determine that selling your note is
in your best interest, the next step is to gather specific
information about you, your note, and the real estate or business
involved.
We can usually do this by phone or you can
fax the necessary documents to us. The more information we
submit initially, the fewer questions there are and the less
time it takes to complete the funding.
The final step is to send you a check as quickly
as possible!
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7. Why should I pick
Diversified Funding Source to help?
Diversified Funding Source prides itself on
specialized, quality service to each client. We are committed
to:
- Finding the best possible funding source to meet your
needs.
- Ensuring you have access to the capital you desire under
the best rates and terms possible.
- Maintaining the confidentiality of each client.
- Providing reliable, dependable service.
- Earning your trust.
- Achieving results!
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Click on Executive Profiles
to learn more about the qualifications and background of the
firm's principals.
WE LOOK FORWARD TO WORKING WITH YOU
SOON!
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