Real estate note is defined as: An legal instrument containing an express and absolute promise of signer to pay to a specified person, or order, or bearer, a definite sum of money at the end of a specified time. Two party instrument made by the maker and payable to payee which is Negotiable if signed by the maker and contains an unconditional promise to pay sum certain in money, on demand or at a definite time, to order or bearer. U.C.C. 3-104(1) a note not meeting these requirements may be assignable but not negotiable.

Paper, cash flow notes, discounted paper, notes, promissory notes, debt instruments, receivables, seller carry backs, income streams etc. What do these terms all have in common?

Everything: They all mean virtually the same thing! In an attempt to keep it simple we will only use the most common three: Notes, Cash Flows, and Paper.

Promissory Note
As it says. A legal written promise to pay a certain amount subject to terms and conditions.

Seasoned Note
A note that has existed for awhile, with a proven record of timely payments.

Secured Note
A note secured by real estate or personal property.

Unsecured Note
A note evidencing an indebtedness for which no security has been pledged.

If you would like more info on real estate notes or cash flows please contact us.

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