What type of investor would be interested in buying a note from a seller? What does it mean to wait wait for six months after the maturity of a note?
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What type of investor would be interested in buying a note from a seller? What does it mean to wait for six months after the maturity of a note?
There are individual investors who specifically invest in promissory and other types of notes, such as unsecured notes. These are generally individuals (i.e., private investors), not companies. You can find these types of investors by Googling keyword phrases such as “sell A document signed by a purchaser of a business with a writte...,” “note buying companies,” “sell my mortgage note,” or other similar keywords.
These investors generally want to see that the buyer has made at least six months of payments, which is referred to as the note being “seasoned,” before they buy the note. The discount off of the face value of the note these investors offer is often fairly significant, though it may be a suitable option for you as a way to raise cash.