SMARTNET ASSOCIATES, INC. INTRODUCES NEW PRIVATE FINANCING WEB SITE

Canton, Ohio December 10 2003--
Private parties are those individuals or investors who are lending from personal assets rather than through large institutional lenders.

Although the majority of private paper assets exist in the form of mortgage notes generated when sellers carry back some or all of their equity in the properties they sell, a great deal of private paper is also created as a result of other types of transactions.

Attorneys, for example, have taken promissory notes secured by real estate as payment for legal fees. Swimming pool builders and home improvement contractors use the private paper device to secure payment for their work. Divorce and probate settlements frequently utilize private paper to facilitate the equitable distributions of assets to the affected parties.

What just a few short years ago was a “hidden market” has slowly crept from darkness into light. Networking has become the byword, as industry participants have learned to work closely with one another. Modern technology has also played a significant role, as communication between note professionals has improved. Another key ingredient that is propelling the growth or the note industry is liquidity.

Are you aware of just how large the paper market or the seller – financed mortgage market truly is? One out of thirteen homes in the U. S. has some kind of seller – financing. For small and medium size business the percentage is more like 60%. Further, this market continues to grow at the rate of over $4 billion a year.

Government and industry sources estimate that $335 billion in private paper exists in our country right now! Of that total, nearly $100 billion consists of private residential mortgages.

No longer are note buyers playing strictly in their own backyards. A farmer in Bigfield, Indiana dealing with his local note broker can now sell his note to an investor living in Joe Montana. What’s the significance of this? Simply put, the movement of capital, which in turn lubricates the economy.

The average note holder is now holding a high – return, highly securitized instrument, which he can keep or sell with relative ease.

Did you know that a note holder can sell just part of a note and keep the rest? That’s known as a partial purchase. This device is fairly unique in the investment world. How many investments allow you to sell a portion of your future revenue for cash, NOW, while still receiving the other portion of that revenue stream as income?

Investors now have a higher degree of confidence in purchasing paper or playing the paper game. Further, they have an increased opportunity to find enough deals to sustain their portfolios and their investment objectives.

Conversely, sellers enjoy an increased bidding atmosphere that will usually insure they get the best price available.



Today’s note brokers are making deals happen that just couldn’t get done in the past, bringing this previously hidden market of private paper assets into the mainstream of American real estate financing! As you can see this note market has become an important alternative financing vehicle.

Our convenient web site (http://www.smartnetassociates.com) provides online services to facilitate this process. This site, features informative articles packed with helpful tips to ensure successful private financing, plus examples of how flexible structuring can maximize investment opportunities and payment options. Learn how the partial purchase technique, and simultaneous or double closings can work to give you an advantage by facilitating the sales of difficult properties through the creation of notes, which can be liquidated for cash at the close of escrow.
Another advantage, of the web site, is the ability to list a note for evaluation. (http://www.smartnetassociates.com).

In addition, we provide a real estate appraisal service for attorneys, accountants, CPAs, financial planners and realtors-specializing in tax, divorce, or estate work who regularly have a need to establish a value on their client’s assets. These clients could be receiving payments on mortgages, trust deeds, notes or other types of cash flows. SmartNet Associates, Inc. can help convert those payment streams into immediate cash.

For ongoing education and useful tips, SmartNet Associates, Inc. publishes a concise and informative quarterly newsletter.




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