Here are some general informational guidelines on various notes.
MortgageNotes:
Minimum Founding Amount: $20,000
Maximum Founding Amount: $500,000
No Maximum for Commercial notes
First Position Notes only-- No Seconds
Structured Court Settlements and Annuities
Minimum Founding Ammount: $20,000
Maximum Founding Ammount: No Maximum
No Workers Compensation Settlements
All Transactions require a Court Order
Lottery Winnings
Minimum Founding Amount: $100,000
Maximum Founding Amount: No Maximum
Some states require court orders
Some states non assignable therefore most likely cannot purchase these
Business Notes
Minimum Founding Amount: $20,000
Maximum Founding Amount: Case by case (usually $250,000)
Personal guarantee by payer and good credit
Minimum three(3) month seasoning
All
guidelines are subject to change without notice.
If your Annuity Note resulted from an on the job injury we cannot purchase this type of note from you. The
reason being that state law prohibits us from purchasing a Workers Compensation Annuity. Also we cannot purchase the following:
Soacial Security Payments, IRA's, Alimony Payments, Disability Payments, Judgements, or Retirement Plans.
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