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note purchase criteria
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AX will consider any 1st position mortgage loans (residential or commercial) with at least 10% hard equity in the collateral and
a borrower credit score as low as 525 credit score on residential loans and a 650 credit score on commercial loans (no lower).
If the equity is below 10%, we will still explore the asset's characteristics and make our decision on a case by case basis. We do
have a minimum balance amount of $35,000 or more on all assets. There is no maximum loan amount requirement. We do
not purchase loans in the states of MI, OH, IN and/or bare land loans in FL, until further notice. We will consider sub-performing
and non-performing residential/commercial mortgage notes on a case-by-case basis only - no guarantees of acceptance. To
learn more about creating a valuable mortgage loan to resell, click here.
Business loan pricing is determined but not limited to: the strength of the business (especially financial strength), business
model/characteristics and borrower credit score, which is also explored on a case by case basis. All business loans must
contain a written personal guarantee from borrower. All other loans will be reviewed and considered on a case-by-case basis.
To learn more about creating a valuable business loan, click here.
We offer full purchase options and partial purchase options including split-partial purchases as well.
Typical Note Pricing (on business & mortgage loans)
Generally speaking, the average performing privately-held mortgage loan typically sells anywhere between $0.60 and
$0.81(cents) on the dollar, depending on the loan's individual characteristics. The average business loan would usually sell
between $0.65 and $0.85 (cents) on the dollar, depending on the over-all characteristics of the instrument. Loans that would
sell for more are considered to be A+ pricing assets (outstanding characteristics and little risk to investor) which is explained
below.
"A+" Note Pricing (on business & mortgage loans)
A+ pricing is only offered on privately-held mortgage loans with at least 30% hard equity and a borrower credit rating of 720
middle score or higher (we will pay 81%-92% of the balance owed).
A+ pricing is only offered on private;y-held business loans at least 50% hard equity and a borrower credit rating of 720 middle
score or higher (we will pay 86%-91% of the balance owed).
ITV Requirement (business loans only)
Our max ITV requirement on business note funding is 70%.
LTV Requirement (business and mortgage loans)
Our max LTV requirement on business loan funding is 75%.
Our max LTV requirement on residential mortgage loan funding is 100%
Our max LTV on commercial mortgage loan funding is 90%
No Second Position Liens
AX does not purchase ANY type of 2nd position loans whatsoever.
Attention Brokers
Please be prepared to disclose as much information as possible on the subject instrument for sale. This will allow for an
accurate and competitive bid to be submitted to you within hours of receiving all information needed. As in all secondary market
transactions, diligence an professionalism is required from all (first-time) brokers involved in order to receive a competitive bid.
NO EXCEPTIONS.
a borrower credit score as low as 525 credit score on residential loans and a 650 credit score on commercial loans (no lower).
If the equity is below 10%, we will still explore the asset's characteristics and make our decision on a case by case basis. We do
have a minimum balance amount of $35,000 or more on all assets. There is no maximum loan amount requirement. We do
not purchase loans in the states of MI, OH, IN and/or bare land loans in FL, until further notice. We will consider sub-performing
and non-performing residential/commercial mortgage notes on a case-by-case basis only - no guarantees of acceptance. To
learn more about creating a valuable mortgage loan to resell, click here.
Business loan pricing is determined but not limited to: the strength of the business (especially financial strength), business
model/characteristics and borrower credit score, which is also explored on a case by case basis. All business loans must
contain a written personal guarantee from borrower. All other loans will be reviewed and considered on a case-by-case basis.
To learn more about creating a valuable business loan, click here.
We offer full purchase options and partial purchase options including split-partial purchases as well.
Typical Note Pricing (on business & mortgage loans)
Generally speaking, the average performing privately-held mortgage loan typically sells anywhere between $0.60 and
$0.81(cents) on the dollar, depending on the loan's individual characteristics. The average business loan would usually sell
between $0.65 and $0.85 (cents) on the dollar, depending on the over-all characteristics of the instrument. Loans that would
sell for more are considered to be A+ pricing assets (outstanding characteristics and little risk to investor) which is explained
below.
"A+" Note Pricing (on business & mortgage loans)
A+ pricing is only offered on privately-held mortgage loans with at least 30% hard equity and a borrower credit rating of 720
middle score or higher (we will pay 81%-92% of the balance owed).
A+ pricing is only offered on private;y-held business loans at least 50% hard equity and a borrower credit rating of 720 middle
score or higher (we will pay 86%-91% of the balance owed).
ITV Requirement (business loans only)
Our max ITV requirement on business note funding is 70%.
LTV Requirement (business and mortgage loans)
Our max LTV requirement on business loan funding is 75%.
Our max LTV requirement on residential mortgage loan funding is 100%
Our max LTV on commercial mortgage loan funding is 90%
No Second Position Liens
AX does not purchase ANY type of 2nd position loans whatsoever.
Attention Brokers
Please be prepared to disclose as much information as possible on the subject instrument for sale. This will allow for an
accurate and competitive bid to be submitted to you within hours of receiving all information needed. As in all secondary market
transactions, diligence an professionalism is required from all (first-time) brokers involved in order to receive a competitive bid.
NO EXCEPTIONS.
Types of Mortgage Loans (No 2nd lien mortgages or bank-originated loans accepted)
Types of Business Loans (No 2nd lien loans)
Invoice Factoring - Industries We Assist
Structured Settlement Funding (In-House Only)
- Private (Seller-Carry Back) 1st Position Mortgage Notes
- Bulk 1st Position Mortgage Pools (Privately-Originated Loans Only, NO Bank Paper Accepted)
- Commercial Mortgage Notes
- Commercial Mortgage Pools
- REO Pools (Extremely Select)
- Deeds of Trust
- Mortgage Contracts
- Land Contracts
- Contracts for Deeds (must be converted to note at or before closing)
- Individual Improved Land Notes (Performing Only)
Types of Business Loans (No 2nd lien loans)
- Most Small Business Notes up to $500,000 (Max)
- Notes Secured By Convenient Stores
- Notes Secured By Gas Stations
- Notes Secured By Dry Cleaners/Laundry
- Notes Secured By Restaurants/Eateries
- And Many More...
Invoice Factoring - Industries We Assist
- Manufacturing
- Private Security
- Construction
- Advertising
- Domestic & International Transportation
- Military
- Aerospace
- Marine
- Freight
- Freight Brokers
- Cable Contractors
- Oil and Gas
- Distributors (Import/Export)
- Temp Staffing Agencies
- Service Providers
Structured Settlement Funding (In-House Only)
- Settlement Funding (Case by Case)
- Annuities
Mortgage Notes
Business Notes
Note Funding Options
| We are a Direct Note Buyer... so if you are thinking about selling a mortgage note or business note, contact us today and get your free quote - (800) 698-3650 |
