Amerinote Xchange: What We Buy

As a leading real estate note buyer, we purchase residential and commercial mortgage notes in all 50 states. Our criteria are simple.

What we look for

• First position mortgage loans, residential or commercial
• At least 10% hard equity in the collateral. If equity is below 10%, we still review the asset and decide case by case
• Borrower credit scores as low as 555 on residential and commercial notes
• A minimum property value of $100,000. There is no minimum or maximum loan amount
• Sub-performing, re-performing and non-performing notes are considered case by case, with no guarantee of acceptance

To learn more about creating a valuable mortgage loan to resell, click here.

Types of Mortgage Notes We Accept

• Residential Mortgage Notes
• Commercial Mortgage Notes
• Mobile Home Notes (with land)
• Bare Land Notes
• Non-Performing
• Deeds of Trust
• Mortgage Contracts
• Land Contracts
• Contracts for Deeds
• Real Estate Contracts
• Purchase Money Notes
• Residential and Commercial Mortgage Portfolios
• Performing and Nonperforming 2nd’s and Junior Liens
• Properties/REO’s (Extremely Select)

We are actively reviewing residential mortgage portfolios nationwide. Performing, sub-performing and non-performing portfolios all qualify

Portfolio criteria

• No Maximum balance
• Each collateral property should hold a current value of $100,000 or higher
• All residential collateral types qualify (SFR, town homes, condos, etc)
• Collateral must be residentially zoned land with a free-standing structure
• No bare land or new-construction loans

We are actively reviewing commercial mortgage portfolios across all jurisdictions. Performing, sub-performing and non-performing pools qualify. We do not prefer rural areas, although a strong asset will still get a case-by-case look.

Portfolio criteria

• Minimum combined balance of $5,000,000 (UPB). Portfolios under that figure are still considered case by case, with no guarantee of acceptance
• Each subject loan should carry an unpaid balance of $250,000 or greater
• Commercial, multi-unit and mixed-use collateral must consist of zoned land with free-standing structures. No bare land or new-construction loans

Business loan pricing is determined by the strength of the business (especially financial strength), the business model and characteristics, and the borrower’s credit score, reviewed case by case. All business loans must contain a written personal guarantee from the borrower. Be sure to learn how to create a valuable business note before you complete your small business sale.

Types of Business Loans We Accept

• Most Small Business Notes up to $10,000,000 (Max)
• Notes Secured By Convenience Store Businesses
• Notes Secured By Gas Station Businesses
• Notes Secured By Dry Cleaners/Laundry Businesses
• Notes Secured By Restaurants/Eateries Businesses
• Notes Created as a Result of a Partner Buy Out
• And many more…

As a growing real estate note buyer, we are actively acquiring and trading performing, sub-performing and non-performing second position mortgage notes nationwide, with no geographical restrictions. Junior lien notes are considered case by case, with no guarantee of acceptance. Our criteria is short.

• Performing or non-performing
• Junior loans considered for purchase must be behind a performing 1st position loan
• $100,000 minimum loan amount

We are currently reviewing commercial, off-market REO across all States. This includes, retail, apartment, mix-use, medical, office, environmental, light industrial, flex-buildings, RV parks and many more.

Geographic Areas of Interest

• All 50 states

We offer full purchase options and partial purchase options including split-partial purchases as well.

Pricing follows the characteristics of the individual loan. Generally speaking, performing notes fall inside two ranges.

• The average performing, privately-held mortgage loan typically sells between $0.65 and $0.85 on the dollar
• The average business loan usually sells between $0.65 and $0.90 on the dollar

Loans that would sell for more are considered A+ pricing assets (outstanding characteristics and little risk to investor), explained below.

A+ pricing is only offered on privately held loans with outstanding characteristics. A+ assets have priced between 86% and 97% of the balance owed.

• Mortgage loans need at least 30% hard equity and a borrower credit rating of 720 middle score or higher
• Business loans need at least 50% hard equity and a borrower credit rating of 720 middle score or higher

The average non-performing loan, residential or commercial, sells between $0.15 and $0.65 on the dollar, depending on the asset characteristics and property characteristics (location, condition, etc.) and default interest rate. In some very rare cases, we will exceed $0.65 on the dollar for assets with extremely high equity and controllable transaction circumstances. All asset-pricing is determined on a case-by-case basis.

WE DO NOT PURCHASE NON-PERFORMING BUSINESS NOTES.

Our max LTV requirement on business note funding is 70%.