Need to raise funds by selling your loans?
Secondary Financiers are institutions who provide secondary or junior debt. A common type of such financing is secondary mortgages by homeowners, who take additional loans using the same collaterals. This works in the same way any other financing works, however, if the debtor defaults on the obligations, the secondary financier does not have primary claim to the collaterals. He needs to wait till the claims on the primary debt are addressed. Since there is a higher risk involved in secondary financing, the amount of loan is also normally limited, accompanied by a rather higher rate of interest. Due to a variety of reasons, secondary financiers may want to sell such loans before maturity and cash out.
Sign up as a Secondary Financier and learn more about potential buyers who want to invest in your secondary loans.