Whatever you need cash for, we can help you get it!

Whether you're simply tired of collecting payments, have some home improvements in mind, have other debts to pay off, need cash for a business, or simply want to pursue a hobby, you have lots of options when considering the sale of a note, and Shore Financing can help tailor a cash solution to your situation.

Shore Financing represents a wide variety of private and institutional investors nationwide with unlimited funds!  These investors aggressively seek to purchase privately held notes!

So how does this all happen?  Well, the first thing to decide is...

What do you need?

This is truly the most significant question in the whole process!  And it is much more than simply deciding how much cash you need and what you will do with it.  Other considerations include your financial situation without the payments you're currently receiving.  If your cash needs do not require that you sell your complete note, a plan can be set up where the remainder of the payments not sold for your immediate cash needs will still go to you. These payments can be sold again in the future as your cash needs change.

How about that note...

The next step is to evaluate the note that you would sell.  One misconception that many people have is that they will be able to sell their note for the current note balance.  While this is possible, it is unlikely and sometimes comes as a surprise to the note holder.  See What's my note worth? for an in-depth discussion of how investors arrive at a dollar amount for the purchase of your note.

Once we can compare the note (using a rough estimate of its present value) against the cash amount you need, we can start to put together a strategy.

Full Sale

If your cash need is near or exceeds the present value of your note, you would certainly need to liquidate the entire note.  In this case, we locate an investor that will give you the highest price for your note, you simply get a check at the closing, and we're done.

Partial Sales

If the present value of your note significantly exceeds your cash need, there is no reason to sell the whole note.  Partial sales will yield the highest overall return to you because you only have to accept a discounted price on a portion of your note.

There are a variety of ways to structure a partial sale that gets you the cash you need without liquidating the whole note:

Sell the Current Payments

If you currently don't need the income from your note, you can sell only enough of the near-term payments to get your needed cash. In this type of partial purchase, the investor buys a series of payments (e.g. payments 5-20) so you get immediate cash and no payments for a while. Payments to you from the note are then resumed again in the future (e.g. payments 21-final) until the end of the note.

Sell the Future or End Payments

If you do need the current income from your note, you could also sell the end series of payments.  However, since the investor will be giving you your money now and will have to wait for payments to begin, this strategy does not give you as much cash now as selling immediate payments.

Split the Payments

With this strategy, you get to sell all or some of the remaining payments and still get some of the income from your note.  The investor actually is buying partial payments.

With Shore Financing, be assured you will have an opportunity to explore all the possible solutions to your cash needs.  We will work to help you get the best offer for your note or income stream.

Contact us now to get the process started!