However, this certain deed of trust was purchased for $8,000 less than a competitor’s price quote, simply because the note holder could not wait 30 days or more...
Houston, TX (PRWEB) January 29, 2015
Privately held mortgage note sellers now have the ability to get a lump sum of cash quicker and easier due to new processes implemented by private equity firm DICARO & ASSOCIATES, LLC. These new processes have enabled faster closings resulting in 7 day turn-times for well qualified notes purchase deals.
“Not every note deal we purchase qualifies for a quick closing…” says DICARO & ASSOCIATES Founder, Nicholas di Caro. He adds, “If we purchased every asset in under 7 days, we would start to make mistakes on deals that require further underwriting. Only A+ rated trust deeds and mortgage notes that are well documented and include a current lender’s title insurance policy will be considered for a quick closing”.
Due to their faster closings, they have been able to beat out their competitors on certain deals where time constraints are paramount. One such note and deed of trust was purchased for $8,000 less than a competitor’s price quote, simply because the note holder could not wait the full 30, 45, or even 60 days that other companies would require to close.
Nicholas di Caro is the Senior Investment Partner for DICARO & ASSOCIATES, LLC. Operating in all 50 states from their Chicago, Illinois location, they invest in performing and non-performing real estate notes from $5,000 to $50,000,000. They are actively buying privately held mortgage notes, deeds of trust, and land contracts secured by single family residences, mobile homes with land, and commercial properties. Most recently they have expanded their purchasing ability for billboard ground leases and cell phone tower leases. They have the ability to to buy notes that other companies have denied, in addition to providing creative purchase options that are new to the industry. Learn more at http://www.nicholasdicaro.com