What is Purchase money financing?

This is when a financial Instrument (a Note) is created between the buyer and seller of a real property. Generally, when a buyer offers to buy a property, the seller expects the buyer to qualify for a mortgage from a bank. If the buyer and the property qualify for a bank mortgage, there is no need for a private mortgage or a "Seller carry back Mortgage". However, it does happen to some Buyers that, either they don't qualify for a credit or their income do not warrant a bank mortgage, or sometimes the property itself does not qualify for a requested mortgage.

What Are Your Options?

• Wait for the buyer to qualify with his Bank.
• Enter into a private mortgage agreement whereby the buyer will make monthly mortgage payments to the seller as he would of done to a Bank; therefore carrying back a First or second Mortgage.
• Cancel the sale transaction.

We take the Burden off of you... Real Estate property sellers are reluctant to carry part of the loan over few years due to the fact that they do not want to be burden of receiving monthly payments.

Part of those burdens are:

• Playing the role of a collection agency.

• Foreclosing on the property if the buyer defaults.

• Watch the property value trends. If the value goes down, the risk of losing part of the amount due to the Note holder in the event of default, etc….

What is Business Financing?

Logic Financial Understands the capital requirements of your business and is dedicated to providing total financial solutions to our clients. As your business grows, the need for proper capitalization becomes very critical.

We Understand Your Needs...
We, at Logic Financial realize that every business has different needs. Logic Financial can design custom cash flow solutions to fit your specific requirements.

Our services range from funding accounts receivable, purchase order, import-export financing, equipment leasing, real estate loans, and much, much more.