Office: 1.704.INE.NOTE | Mail: office@iNoteExchange.com



Our Process

INE’s Note Service provides a unique and direct link between NoteHolders with Notes for Sale and qualified Buyers interested in purchasing Notes of all varieties. The INE Process encourages efficient response, competitive quotes and industry-leading service.

Extensive networking and cutting edge technology allows INE to effectively match buyers and sellers of Notes. We look forward to helping you attain your goals regarding Note sales and purchases. Note buyers include domestic and foreign private investors, foundations, institutions, hedge funds and pension funds.

The INE Team consists of seasoned real estate practitioners with advanced, relevant education and real estate experience. Association designations include MAI (Member of Appraisal Institute), CCIM (Certified Commercial Investment Member) and BA and MBA business degrees.

INE 7- STEP TRANSACTIONAL PROCESS

Step # 1. WEBSITE USAGE & REGISTRATION - Website user reads and accepts the “iNoteExchange.com Use of WebSite Terms and Conditions and, then, logs in. Registration allows the Registrant to list Notes for sale, to access and view Notes which INE may be offering for sale, or to specify the Note criteria they wish to acquire; and Registrant can communicate directly with INE representatives through website.

Step # 2. NOTE SELECTION & PRELIMINARY AGREEMENTS - Principal Buyer identifies Note of interest, contacts INE representative and completes the Certificate of Buyer Qualifications and an INE Confidentiality Agreement (Confidentiality, Non-Circumvention & Non-Disclosure Agreement). Buyer agrees not to communicate directly with the Seller without written approval by INE allowing such communication. Buyer executes "Agreement to Pay INE Service Fee". With all agreements in place, Buyer and Seller negotiate transaction.

Step # 3. BUYER OFFER SUBMISSION - Buyer executes "Agreement to Sell and Buy Note," basically a letter of Intent, or an "Indicative Offer", and provides Proof of Funds. Agreement is subject to and contingent, ultimately, upon the Buyer's inspection and approval of the Note, the Note collateral and all other due diligence materials including, but not limited to, physical inspection of the collateral, loan documents, credit reports, appraisals, loan payment history, title search, title insurance, etc. Buyer and Seller may determine to have a formal Purchase Contract for the Note prepared by an attorney or other proper authority. Any deposit required by Buyer must be negotiated between Seller and Buyer, with deposit being credited towards the purchase price of the amount due in closing the purchase of the Note or returned to the Buyer if sale is not closed due to no fault of the Buyer.

Step # 4. DUE DILIGENCE - Seller is provided an "Information Request" which stipulates specific items necessary for Buyer to receive from Seller to initiate and facilitate the process of Due Diligence. Buyer selects a Due Diligence Service Provider. The Due Diligence Service Provider, in addition to providing full and complete due diligence services, shall be required to orchestrate the closing in accordance with all required disclosure and compliance issues. INE does not provide due diligence services. Buyer's Due Diligence Service Provider proceeds with examination of title and all other procedures necessary to conclude an acceptance by Buyer of all conditions precedent to closing.

Step # 5. SELLER'S "NOTE LISTING AGREEMENT" - Upon the initial listing of the Note, the Seller executed a Listing Agreement with INE. Seller has not agreed to a specific sales price in the Listing Agreement and is paying a Listing Administrative Fee determined at the time of the Listing and paid only at closing of the transaction. However, should the Seller fail to close, after signing an "Agreement to Sell", Seller shall be obligated to reimburse Buyer for all out-of- pocket expenses incurred related to the transaction, up to the time of cancellation. These expenses should normally be limited to title and/or appraisal fees, plus a reasonable processing fee, estimated to be $300.00.

Step # 6. CONCLUSION OF DUE DILIGENCE IN ANTICIPATION OF CLOSING - Closing date is coordinated. Buyer's purchase funds and closing costs are held by Title/Escrow agent while the proper documentation and forms are executed by Seller. An endorsement giving the Buyer the same protection as the original Note-holder is prepared.

Step # 7. CLOSING. Seller provides Closing Agent/Closing Attorney the original Note, Deed/Mortgage and the executed new assignment. The Closing Service completes the title endorsements transferring title protection from the original policy to the new Buyer and forwards a Seller's Assignment Letter to the Borrower directing the Borrower to make payments in the future to the new Note-holder. Once all documentation is in place and compliant, and both parties are satisfied with the terms, the closing servicer releases the Buyer's purchase funds to the Seller, delivers the appropriate documents to the Buyer, conveys the assignment to the new owner and pays all of the closing expenses, including the stipulated Buyer Service Fee and the Listing Administrative Fee to INE

Featured Notes:
Mixed Use - $1.2 Million Performing Loan Secured by 6800 SQ FT Building, Parking Lot, 4 Residential Lots in North Carolina



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