Need some exit strategy help with business plan from expert note buyers
I need a little help with building my exit strategy for my business plan & wondered what the "maximum discount" be for this re-performing note example:
Mount Pleasant neighborhood Cleveland, OH
Interest Rate: 10.0%
Interest Type: Fixed
Payment Freq: Monthly
Term: 15
Remaining Term: 12
Balloon: No
Carryback?: Yes
Lien Position: 1st
Loan Balance: $25,415
Property Type: O/O SFR
6 mon old BPO: $29,900
3 mon pmt hist: timely
Pmt: 350.00/mon
3 mon old CBR: 580
Set up with loan servicer not on ACH debit.
Sorry...I fudged just a little on details, just need an idea of what I could expect for a split-payment deal & what would be the terms normally involved. Also, would it make a difference for ACH debit. I intentionally tried to depict possible worse case scenario.
Any advice would be helpful also. Thanks in advance BP.