Sell Your Real Estate Note for a Cash Value Today.

Private Mortgage Notes

When a seller provides financing for the purchase of a home, commercial property or land, a promissory note that defines the terms of repayment of the loan would normally be created. We can buy those notes for a cash value today so you don't need to collect payments over time.

Why Sell Your Note on Real Estate or Land?

If a note holder would rather have cash now to use for other needs or investments instead of holding the note over the term of the loan, then selling that note is a commonly used option. Selling a note can also eliminate the hassle of monitoring and/or collecting the property taxes and insurance as well as the hassle ongoing IRS reporting requirements and chasing borrowers for payment.

During times of economic uncertainty, selling your note can also allow you to avoid the risk of borrower default as well as the hassle and costs of foreclosure to recover the balance of the loan.

Request a No Obligation Quote for Your Note

Interested in selling your note rather than collecting payments over time. Curious what you could sell your note for? Get a no obligation quote. Click the button below to visit our Note Investor Group quote request page.

Get A Quote

If you have questions about selling your note, you can email us at notes@terravest.land or call us at (612) 217- 4671

Performing Notes

Performing notes that are recorded and have good underwriting documents and payment history can expect to see the greatest value when sold on the secondary market and can usually close quickly.

Notes with a good payment history but have incomplete documents or were poorly underwritten can expect to receive a discounted offer on the secondary market

Each note is evaluated on a case by case basis and a cash offer will be presented to the seller if it meets our criteria.

Slow or Non-Performing Notes

Slow or non-performing notes can still be sold on the secondary market but do present a special situation and a seller can expect a discounted offer.

We can buy slow or non-performing notes if there is a cooperative borrower that will work with the us to restructure or modify the loan to get it back on track. If a borrower is unwilling to work with us, a foreclosure may be pursued as a last option.

In some cases, there can be a personal or family connection between a note holder and the borrower. By selling a note that is challenged and letting us re-work the loan, it can eliminate the stress for the note holder by removing friction that the loan may be causing in the relationship and keep the borrower in their home.

General Criteria.

Terravest primarily buys notes on unimproved land. However, we will consider notes created on residential or commercial properties as well.

The "sweet spot" for notes on residential properties is shown to the left. But we can and will consider notes of all sorts and we would welcome the opportunity to talk with you about any note that is secured by a physical real estate asset. Simply click the quote request button above.

Veteran Owned & Operated

12800 Whitewater Dr., Suite 100, Minnetonka, MN 55343