Commercial paper differs from other types of promissory nots because it has certain unique features. If you’re thinking about offering commercial paper for sale, you might already know that most commercial paper buyers look at the following types of promissory notices when evaluating them:

• Apartment building notes
• Industrial notes
• When mixed use properties include both commercial and residential uses, notes for each type of use must be included.
• Office building notes
• We offer special note types for various industries and locations. For example, we sell auto repair shop notations, mobile home parks, churches, restaurants, shopping centers, and gas stations.
• Can be used for multiple purposes
• Your property value may be influenced by factors unrelated to its comparability to similar properties in the area.
• A note is usually signed by an LLC or company rather than by an individual.
• Considerations for environmental issues, land use, and building codes are taken into account when planning new developments.

Finding the best price for your note

• Make sure you pay enough for the house.
• There are no other large liens or debts against the property
• A personal guarantee on the note rather then the buyers simply signing as a member of a limited liability company (LLC) or corporate entity.
• A good credit history will help you qualify for better rates.
• A good payment record showing that the new owner has been making regular monthly repayments
• The note collateral is the property and does not cover the bank’s interest in the loan.
• Other factors include properly written documents, the property’s appearance, whether the company is doing well, and so forth.

Selling a Commercial Note

• Contact at least two to three reputable business brokers who specialize in buying notes for their clients.
• If they ask for payment details, provide them with the required info and wait for an offer from one of the buyers. They may be able to sell the whole note or parts of it.
• Once an agreement has been reached, you will be asked for additional documentation and provided with further instructions.
• After reviewing the documents, the mortgage broker will order an appraisal and later ask for a loan package.
• After completing the aforementioned steps, you will receive assignment papers from the investor, which must be signed and returned with your original application materials.
• Once the recording has been completed, the money is sent to you. It takes about four to five business days for the funds to arrive at your bank account. Because each note transaction is different, it may take longer than five business days to complete.