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Updated almost 4 years ago on .

User Stats

50
Posts
21
Votes
Tracey Hamilton
  • Priest Lake, ID
21
Votes |
50
Posts

Selling a note / wraparound deal

Tracey Hamilton
  • Priest Lake, ID
Posted

We own a property with a fixed-rate loan against it (was a HELOC, moved to a SmartLoc), that we sold on a wrap-around deal to a buyer. Title, taxes, and insurance stays in our name, buyer paying monthly with interest.

We are looking to sell the note (if that's the right terminology) and liquidate our equity out of it. 

Is "sell the note" the right term to use?  Where do I look for investors who would be interested in this kind of deal? 

THANKS!