Quote from
sandorlau on April 3, 2024, 4:09 pm
From Tracy Z Rewey at noteinvestor.com.
I think we could use a topic on marcoeconomics or the economy in the forum.
The fine people at Aspen Funds talk about riding the tide rather than waves. Buying any house in 2012 was a better decision than paying $100k over asking price all cash on anything in 2022.
Creative Owner Financing Grew in 2023 – But, By How Much?
March 29, 2024 by Tracy Z 1 Comment
Seller Financing had a great 2023! We saw a 7.3% increase in the creation of owner financed notes and a 24% increase in dollar volume.
Check out the owner financing stats for the past year and how that affected the note industry.
Here are some numbers at a glance…
- $28 Billion in seller-financed notes were created in 2023 (up from the $22.5 Billion in 2022).
- 89,773 Transactions were owner financed (up from the 83,647 in 2022).
- $125 Billion in owner financed notes were created in the past 5 Years (2019 to 2023).
- March saw the highest creation of notes at 8,090. February saw the least with 6,577.
- Sellers creating one note in 12 months made up 86% of the seller carry notes.
- 67% of transactions were created in just 10 states.
- The average Loan-to-Value (LTV) went up for commercial and land notes, but down for residential notes:
- 74% LTV on new Residential notes (compared to 75% in prior year),
- 72% LTV for Commercial, (up from 66% in prior year), and
- 70% LTV for Land notes (compared to 68% in prior year).
https://noteinvestor.com/notes-101/creative-owner-financing-grew-2023/
From Tracy Z Rewey at noteinvestor.com.
I think we could use a topic on marcoeconomics or the economy in the forum.
The fine people at Aspen Funds talk about riding the tide rather than waves. Buying any house in 2012 was a better decision than paying $100k over asking price all cash on anything in 2022.
Creative Owner Financing Grew in 2023 – But, By How Much?
March 29, 2024 by Tracy Z 1 Comment
Seller Financing had a great 2023! We saw a 7.3% increase in the creation of owner financed notes and a 24% increase in dollar volume.
Check out the owner financing stats for the past year and how that affected the note industry.
Here are some numbers at a glance…
- $28 Billion in seller-financed notes were created in 2023 (up from the $22.5 Billion in 2022).
- 89,773 Transactions were owner financed (up from the 83,647 in 2022).
- $125 Billion in owner financed notes were created in the past 5 Years (2019 to 2023).
- March saw the highest creation of notes at 8,090. February saw the least with 6,577.
- Sellers creating one note in 12 months made up 86% of the seller carry notes.
- 67% of transactions were created in just 10 states.
- The average Loan-to-Value (LTV) went up for commercial and land notes, but down for residential notes:
- 74% LTV on new Residential notes (compared to 75% in prior year),
- 72% LTV for Commercial, (up from 66% in prior year), and
- 70% LTV for Land notes (compared to 68% in prior year).
https://noteinvestor.com/notes-101/creative-owner-financing-grew-2023/
