PTE Group, Inc
Contact
Need help? Contact Us.
PTE Group, Inc
2901 W. Coast, Suite 200
Newport Beach, CA 92663
Phone: 949-200-7109
Email: email@ptenotes.com
Grand.bank Claimed
17 Plaza Drive, Hattiesburg, MS 39402
Lucas Boerma, Acquisitions Director
800-300-1467
(Landline)
Short Description
Welcome to Grand Bank's Note Purchase Division. Ready to sell your owner-financed real estate note? Contact us for a competitive offer and we will be with you every step of the way. Since 1978, Grand Bank has purchased owner-financed, real estate notes from individuals and brokers nationwide. We are an FDIC-insured, federally regulated bank, so you know you're dealing with a buyer you can trust. Sell your note directly to us, and receive cash immediately!
BUYER'S INFORMATION
3
ITV of 60% or less
Types of security we like:
SFR
Condo
Townhouse
Co-op
Residential Land
Mobile / Manufactured Home
Multifamily
Commercial
Owner Occupied
Non-owner Occupied
Owner Occupied
Non-owner Occupied
Owner Occupied
Non-owner Occupied
Owner Occupied
Non-owner Occupied
With improvements Residential
Without improvements Residential
With land
1 to 4 units
5 or more units
Small
Large
Office
Self-Storage
Land
Gas / Service Stations
Taverns
Farm Land
With improvements
Without improvements
With improvements
Without improvements
4
Minimum Investment per Transaction:
30,000
Minimum Investment per Loan:
30,000
Maximum Investment per Loan:
1,000,000
Buys pools / portfolios:
Yes
Has a minimum cash on cash return requirement:
No
Has a minimum loan to value requirement:
Yes
Percentage:
90
Has a minimum discount:
No
Has a minimum payor credit score:
Yes
Score:
560
Do you buy partials?:
Yes
1
Assets we buy:
Senior Lien (1st Lien)
Junior Liens (2nd Liens)
Contract for Deeds
Performing
Seller Financing
Performing
Non-performing
Seller Financing
2
States we buy from:
National
6
Broker Link:
Has a private investment fund:
No
Service notes for third parties:
No
Lends money:
Yes
Do you require the service / collection account to be moved after purchase?:
Yes
Offer educational services:
Yes
Works with brokers:
Yes
Protects brokers for future sales to referrals:
We protect brokers for future sales to referrals
Do you have a broker training link?:
Yes
11
Additional Comments:
Our aim is to be a broker friendly funding source specializing in performing owner finance acquisitions and pool purchases of primarily ITIN (Individual Taxpayer Identification Number) originations. We have no commission caps, your fee is only limited to your ability to negotiate with the seller.
7
Purchasing Format:
We buy for our own account
Contact Persons
Acquisitions Director
Lucas Boerma (+)
Grand.bank