What We Buy

AX will consider any 1st position mortgage loans (residential or commercial) with at least 5% hard equity in the collateral and a borrower credit score as low as 555 credit score on residential loans and a 600 credit score on commercial loans. As a leading real estate note buyer, we purchase residential and commercial mortgage notes in all 50 states.

If the equity is below 5%, we will still explore the asset’s characteristics and make our decision on a case by case basis as well. We do have a minimum property-value amount of $50,000 on residential and commercial assets for sale. There is no minimum or maximum loan amount requirement whatsoever. We will also consider sub-performing, re-performing and non-performing residential mortgage notes and commercial mortgage notes on a case-by-case basis only – no guarantees 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 all residential mortgage portfolios with a $10,000,000 (ten million dollar) maximum  combined balance (UPB) with no geographical restrictions whatsoever. We will consider performing residential mortgage portfolios, sub-performing residential mortgage portfolios, re-performing residential mortgage portfolios and non-performing residential mortgage portfolios, nationwide.

In addition to the $10,000,000 portfolio-max, we do prefer that all of the subject properties within said portfolio have at least $100,000 current property value or higher. All residential collateral types (SFR, town homes, condos, etc) must consist of land with a residentially zoned, free-standing (attached) structure (no bare land or new-construction loans).

We are actively reviewing all commercial mortgage portfolios with a $5,000,000 (five million dollar) minimum combined balance (UPB) with limited geographical restrictions (all geographical locations will be considered on a case-by-case basis). We will consider performing commercial mortgage portfolios, sub-performing commercial mortgage portfolios and non-performing commercial mortgage portfolios, in most major cities and all surrounding suburbs. We do not prefer rural areas, although it may be considered assuming the circumstances of the asset in question are strong (case-by-case).

In addition to the $5,000,000 portfolio-minimum, we do prefer that all of the subject loans within said portfolio for sale have an unpaid balance of at least $400,000 or greater. All commercial, multi-unit and mixed-use collateral types must consist of land with residentially zoned, free-standing (attached) structures (no bare land or new construction loans). Owner occupancy on loans is preferred, although investment and second homes will be considered as well. If the portfolio in question has an unpaid balance of less than $5,000,000, it still will be considered on a case-by-case basis (no guarantee of acceptance).

Business loan pricing is determined but not limited to: the strength of the business (especially financial strength), business model/characteristics and borrower credit score, which is also explored on a case-by-case basis. All business loans must contain a written personal guarantee from borrower. All other loans will be reviewed and considered on a case-by-case basis. 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 $500,000 (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 now actively acquiring and trading performing, sub-performing and non-performing second position mortgage notes nationwide, with no geographical restrictions whatsoever. As per performing junior lien mortgage notes, all will be considered on a case-by-case basis only, with no guarantee of acceptance. Our criteria for purchasing second position mortgage notes or any type of lesser-position junior lien mortgage notes are as follows:

• Performing or non-performing
• Junior loans considered for purchase must be behind a performing 1st position loan
• No minimum loan amount

All residential REO acquisitions will be considered on a case-by-case basis (only). Our investment appetite is currently geared towards residentially zoned, REO properties with a current market value of $75,000  or greater with geographic restrictions. We are only interested in the following areas of the continental US:

• Pennsylvania: (Philadelphia County, Bucks County, and Montgomery County)
• Texas: (Dallas/Fort-Worth, Austin, San Antonio and Houston)
• California: (San Francisco Bay Area, Los Angeles /San Fernando Valley, San Diego County, Orange County, Central Coast, Redding Area, MT Shasta, Palm Springs and Central Valley)

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

Generally speaking, the average performing, privately-held mortgage loan typically sells anywhere between $0.65 and $0.85(cents) on the dollar, depending on the loan’s individual characteristics. The average business loan would usually sell between $0.65 and $0.90 (cents) on the dollar, depending on the overall characteristics of the instrument. Loans that would sell for more are considered to be A+ pricing assets (outstanding characteristics and little risk to investor) which is explained below.

Excellent (A+) pricing is only offered on privately held mortgage loans with at least 30% hard equity and a borrower credit rating of 720 middle score or higher (we will pay 86%-97% of the balance owed).

A+ pricing is only offered on privately held business loans at least 50% hard equity and a borrower credit rating of 720 middle score or higher (we will pay 86%-97% of the balance owed).

The average non-performing loan will sell for between $0.15 (cents) and $0.65 (cents) on the dollar, depending on the asset characteristics and property characteristics (location, condition, etc.). This is for both residential and commercial. In some very rare cases, we will exceed $0.65 (cents) 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%.

• Our max LTV requirement on business loan funding is 70%.
• Our max LTV requirement on residential mortgage loan funding is 97%
• Our max LTV requirement on commercial mortgage loan funding is 90%.