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Million Dollar Note Deal - Beverly Hills
Manage episode 438027705 series 3039481
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Does it make sense to purchase a million dollar note secured by a Beverly Hills mansion at 32% of the current market value? What are the opportunities and potential returns or pitfalls on this type of deal that doesn’t often come across a note investors desk? Are these types of deals something we should look for or avoid? Which way will the borrower go? Will they refinance, payoff, reinstate, file bankruptcy or will you find yourselves at the foreclosure auction with a big, six-figure payday?
There are a lot of questions on nonperforming note deals with huge amounts of equity behind them. Scott Carson breaks down what he found doing due diligence on this asset and the “story behind the story” on this Beverly Hills mansion note deal.
In this episode you will learn:
· Why million-dollar borrowers can still have problems paying their mortgage like normal folks.
· What are the different exit strategies and expected ROI on a deal of this magnitude?
· The background on what might be causing this borrower to fall behind and what to watch out for if you are buying the note.
· Why it makes sense to diversify your note portfolio instead of having such a large amount wrapped up in one deal.
· The different possible strategies that a borrower might take to avoid losing their home to foreclosure and how it affects the note holder.
Watch the original video HERE!
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