Four 1st Lien NPN Mini Pool
We seek a Joint Venture Partner that desires above average returns, secured by real estate.
We have identified four occupied Non-Performing Notes that we can pick up for a blended 24% of the Fair Market Value (FMV), including past due taxes. Our primary goal is to get the homeowner repaying their mortgage, and either sell the note in a year, or keep the amortized payments for any period of time.
All three of the states are Non-Judicial, so if the homeowner does not want to start paying, they will be offered the chance to leave with grace, and deed us the property. The Investment To Unpaid Principal Balance (ITUPB) is 13%!
If they refuse, we will immediately start foreclosure, and we would have title in 4-8 months, depending on the state. Once we have title, we have four exit strategies.
Contact me for the numbers if interested and liquid.
Christopher Winkler
The Note Whisperer
Silverwood Capital, LLC
1-714-434-1441