08/03/2023
2Birds, LLC Mortgage Note Purchase Criteria:
Types of Mortgage Notes Accepted:
Residential Mortgage Notes
Commercial Mortgage Notes
Mobile Home Notes (with land)
Bare Land Notes
Non-Performing Deeds of Trust
Mortgage Contracts
Land Contracts
Contracts for Deeds
Real Estate Contracts
Purchase Money Notes
Residential and Commercial Mortgage Portfolios
Performing and Nonperforming 2nd's and Junior Liens
Properties/REOβs (Extremely Select)
Consideration Factors:
1st position mortgage loans (residential or commercial)
Minimum 5% hard equity in the collateral
Borrower credit score as low as 555 for residential loans and 600 for commercial loans
Equity below 5% will be evaluated on a case-by-case basis
Minimum Requirements:
Minimum property-value amount: $50,000 for residential and commercial assets
No minimum or maximum loan amount requirement
Special Considerations:
Sub-performing, re-performing, and non-performing residential and commercial mortgage notes evaluated on a case-by-case basis (no guarantees of acceptance)
Additional Information:
Visit our website to learn more about creating a valuable mortgage loan for resale.