Whole Loan Mortgage

Investment Information
FIRSTBANC is now offering our personal clients an opportunity to invest in short-term high yield Whole Loans secured by real estate. We will accept investments starting at $25,000. The term of the investment is typically between 1 and 5 years.

When you invest in our Whole Loans, you will receive monthly interest payments based on your investment. All loan payoffs are payable to the investor’s name from the title company. As an investor, you will receive a portfolio statement with each loan that charts your investment. An IRS 1099 interest statement will also be issued at the end of each year and as an investor there will be no fee charged to you. The borrower pays all transaction fees.

Firstbanc’s whole loan investments can be purchased by converting Stock, Bonds, Mutual Funds, Savings Accounts and Certificates of Deposits. Many successful investors feel that Whole Loans backed by good collateral are much less risky than investing solely in the stock market. Investors looking to diversify their portfolio find whole loans to be a very powerful option.

You can invest in our offerings through your retirement plan such as traditional or Roth IRAs, Money Purchase Pension Plans, 401Ks, Individual Ks and more. The tax free/deferred benefits of these retirement accounts make a strong return even stronger.

Our partners Equity Trust Company and Entrust act as custodians for your retirement account and allow us to provide you with whole loan investments to be held in your Custodial Account. Each Trust Company has been providing custodial accounts for over 25 years.

The minimum investment is $25,000. and the term of the loans are from 1 to 5 years. Because our loan balances typically are greater than this minimum investment amount we often break one loan into smaller parts each represented with it’s own note secured by one deed of trust. This is not a “fractionalized note.” Every investor has their own note assigned directly to them. No one note takes a priority over another they are all treated equally. Firstbanc services all of these notes as one loan, collects the payments and forwards each note holder their proportional amount of interest. Should there be a variance between the scheduled payment and the payment made, like in the case of a late fee being received, the additional amount is credited proportionately to each note.

Should your loan payoff early or as originally planned, upon your approval we will seek to reinvest your principal into another whole loan. While this may not happen immediately because we may not have a note available but it is our goal to keep your money loaned out and earning 10% as long as possible.