Purchase Options

Purchase Options

If I'm ready to sell my note, which purchase option is best for me? Grand Bank offers several different purchase options to fit your specific cash needs. Plus, unlike other companies, we can tailor a purchase program to meet your individual needs by creating a unique option that others can't.


With our Full Purchase option, you sell your entire interest in the note. This is the most traditional method of purchasing a real estate note, because all remaining amounts due under the note are assigned to Grand Bank, and you receive one lump sum payment at closing.
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Do you need less cash than the amount realized by the sale of the entire note? A Partial Purchase could be your best option!
With a Partial Purchase, Grand Bank purchases a specified number of future payments on the loan. The loan is transferred back to you upon receipt of the amounts due to Grand Bank. Therefore, with a custom-designed Partial Purchase program, you receive the amount of cash you need today with the potential to once again receive future payments on the loan.
Depending upon the circumstances, this is often the best way for you to tailor the sale of your note to meet your specific cash needs today.
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Our Installment Purchase option may result in more money paid to you, or better meet your tax needs, than a Full Purchase. In the Installment Purchase option, we pay for the note in installments over an agreed timeframe. Call us to design a structured purchase that fits your cash or tax needs.
In addition, we service the note during the purchase period, so you do not have the burden of managing property tax reporting, collection, insurance services, etc.
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A Split-Payment Purchase is another variation of the Partial Purchase method. If you are worried about losing all the monthly cash that your note generates, this may be the way to go.
As in the other partial purchase methods, you sell a specified number of future payments due to you. However, with the split-payment partial purchase, Grand Bank purchases only a portion of the monthly payment you receive.
The amount you sell is up to you. We could purchase half, a fourth, or even two-thirds of each payment. This option leaves you a monthly income of the remaining portion of the payment you did not sell. Once the bank collects that to which it is entitled, the loan is reassigned back to you.
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Unlike other companies, we can tailor a purchase program to meet your specific needs by offering unique options that others can't. We can even combine any of these purchase plans to create split partials, split installments, etc. Give us a call at (800) 300-1467 or (601) 264-1467 and let us design a program that will satisfy your unique cash needs.