Debt & Note Broker, Strategy Consultants, loan sale advisory
Fitzgerald Advisors is a provider of loan advisory services specializing in note brokering, purchasing or selling performing or non-performing whole loans.
Schedule a 15-minute 1-on-1 call with us today!
How to Sell Commercial Mortgage Note
Selling your commercial real estate mortgage notes now? Here’s your cheat sheet:
- Find out what your notes are worth in the current market.
- Reach out to banks, private investors, and financial institutions to find potential buyers.
- Wheel and deal to get the best sale price for your notes.
- Get all the legal documents ready, like promissory notes and deeds of trust.
- Sign on the dotted line and get paid.
- Make it official by recording the sale with the county recorder’s office.
- Boom You just sold your notes like a pro
Get Quick Cash for Your Commercial Debt
Hey there, struggling to turn those late commercial accounts into cold hard cash? We’ve got your back at Fitzgerald Advisors!
Our debt purchase process is speedy, squeaky clean, and puts everyone at ease.
No need to deal with those pesky back debt collectors and collections anymore – we guarantee payouts in just days after you contact us.
Don’t get bogged down with trying to figure out how to collect unmatched payments.
Get in touch with us today and start seeing results in no time. you won’t regret it!
What We Do
Fitzgerald Advisors, LLC is a leader in loan sale advisory services for banks, creditors, and private debt & note sellers. Our outstanding team of experts has the skills to successfully identify potential buyers in performing and non-performing consumer loans while structuring competitive deals on behalf of our clients. With an extensive understanding of credit markets across private and residential mortgage notes, other consumer loans, debt, and more – we are committed to delivering quality service that meets all your objectives with best practices.
Who We Are
Fitzgerald Advisors, LLC boasts a highly experienced management team composed of industry veterans with years of expertise in the whole loan, commercial/consumer loan-secured debt portfolios, and real estate note brokerage fields.
Our team has a proven track record in buying, selling, and managing performing and non-performing notes portfolios.
We are dedicated to our client’s success in the real estate investor loan sale advisory space, offering customized solutions tailored to each client’s unique needs to maximize and make clients maximize their return on assets (ROA). Whether through investment consulting services or real estate investor note sale advisory services, Fitzgerald Advisors can help you maximize and make your real estate investor and debt brokerage portfolio more profitable.
Our company has facilitated successful loan sales for banks and private parties alike. We are committed to helping our clients achieve their financial goals through expert advice and the execution of cutting-edge solutions.
Andrew A. Bybee
Loan Sale Advisor
Don't hesitate to ask questions; I'm available and ready to help! Reach me via email or by calling 567-694-0684.
Your interest is appreciated, so let's start a conversation today!
Jeffery A. Hartman
Distressed Loan Advisors
Fitzgerald Advisors, LLC is a leading provider of distressed asset advisory services to note investors; we specialize in helping financial institutions manage credit risk through efficient liquidity and asset disposition strategies. Our company represents a diverse group of highly capitalized investors constantly seeking a wide range of challenging investment opportunities. Our investors are experts in the workout, resolution, and management of distressed, sub-performing, and performing loans, notes, whole loans, and nonperforming charge-off debt, hard money.
By partnering with us, financial institutions can benefit from our expertise and flexible solutions to quickly and effectively dispose of their most critical loans, allowing them to focus on their core business operations.
Our team of experienced professionals is dedicated to providing innovative and effective solutions to financial distress to help our clients navigate complex financial challenges and achieve their goals through financial planning.
The Markets We Serve
Our team of experts is highly knowledgeable in all aspects of these loan products and can manage the entire loan sales process for you. From identifying potential buyers and debt sellers to structuring loan sale advisory and negotiating deals, we will work on your behalf to ensure the best outcome. Our expertise extends beyond just buying and selling; we also specialize in brokering debt equity, buying and investing in whole and loan sales and notes, making us a one-stop shop for all your real estate, debt equity, and credit industry needs.
Other Real Estate - Loans
The Note Broker Blog
Note Investors - Note Seller - Mortgage Note Brokers - Loan Sale Advisors
Note Buying Business - Private Money Lenders - Real Estate Wholesalers – Note Buying Investors
Introduction: Wholesaling real estate assignment contracts is a popular...
Discover the steps to buying medical debt for pennies on...
Unlock financial flexibility and get access to funding with a...
Get Answers to Your Questions
Fitzgerald Advisors, LLC offers expert assistance in prepping, marketing, and selling your mortgage notes at the highest market value.
Our team has the knowledge and experience to effectively package your notes for sale, considering factors such as issuer, performance status, credit rating, and other relevant criteria to create a diverse and attractive selection for potential buyers. We are committed to providing our clients with the best possible outcome for their mortgage notes.
When evaluating a note, note buyers will typically consider the equity or down payment in the underlying real estate asset. The equity in the property serves as the collateral for the loan, and it is a key factor in determining the loan’s security level and investment potential. Other factors that note buyers may consider include the borrower’s creditworthiness, the loan’s terms, and the current market conditions. Our team can help you understand how to present your note in the best way possible to attract the right buyer and get the best return on your investment.
No, a realtor typically does not have the specialized expertise or experience to effectively broker the sale of a real estate note. The process of buying and selling real estate notes involves a unique set of skills and knowledge that goes beyond traditional real estate sales. It’s recommended to work with a note brokerage firm specializing in buying and selling real estate notes, such as Fitzgerald Advisors, LLC.
Anyone can purchase a note, or loan sale advisory, but you should understand the process and seek competent legal advice before engaging in any investment opportunity. We are here to provide you with opportunities but do not provide legal advice on any for sale notes. Buyer beware – purchases of loan sale advisory are at your own risk.
Our team can assist you in preparing your note for sale by gathering all the necessary details and documents. We have a vast network of vetted note buyers who can help you sell your note quickly and at the best possible price. Let us help you package your note for sale and connect you with the right buyers.
The price and valuation of a note are determined based on three main valuation factors:
Loan terms: This includes the price, pay-back duration, balloon payments, clean records, and other relevant terms of the loan.
The borrower’s ability to pay: The note buyer must evaluate the borrower’s ability to repay the loan to the note owner.
The collateral securing the loan: The value and condition of the collateral, such as a residential property or commercial property, also play a role in determining the price of a note.
It’s important to note that the process of a real estate, buying notes and determining the price of a note requires due diligence, which may include a drive-by property appraisal, a review of the payment history, and an evaluation of the title report for the property securing the note.
There are two main types of note buyers in our network:
Performing Note Buyers: These buyers are interested in purchasing notes that are currently performing, meaning that the borrower is making timely payments on the loan.
Distressed Note Buyers: These buyers are interested in purchasing notes that are non-performing, meaning that the borrower is not currently making payments on the loan. These buyers may also be interested in purchasing notes that are in default or foreclosure.
If you are looking to sell your note, our team can help you identify the appropriate type of buyer for your specific note and assist you in the selling debt buying process itself. We will work with you to help you get the best possible return on your investment.
There are several options for purchasing debt, including buying directly from the creditor, using an online debt trading platform, or working with a trusted industry insider debt broker.
Directly buying from the creditor is a good option if you’re looking to purchase a small amount of debt, while online debt trading platforms offer a wide range of options for buying and selling debt. However, working with a reputable industry insider debt broker can be a good option if you want to ensure you’re getting the best deal.
Brokers have access to a wide range of debt and can advise you on the best options for your specific needs. They can also help you navigate the debt buying processes and process and advise you on how to make the most of your investment.
The amount you can expect to receive when selling your note will depend on the type of note and its current status. Typically, a standard mortgage note or service note will sell for between sixty-five cents ($0.65) and eighty-five cents ($0.85) on the dollar. High-quality notes, such as A+ paper, may sell for between eighty-six cents ($0.86) and ninety-five cents ($0.95) on the dollar. The final sale price is typically a percentage of the remaining unpaid principal balance of the loan at the time of purchase or sale. It is important to note that these are just rough estimates, and the final price will vary based on the specific circumstances of the note and the market conditions at the time of sale.
In 2023, the following types of consumer, debt portfolios, and portfolios are typically available for sale:
Direct from Lenders: Secondary finance, commercial, media, credit cards, installment loans, auto loans, non-sufficient funds (NSF), secondary mortgages, buy-here-pay-here (BHPH), and private student loans.
Fresh Secondary Market: Installment loans, secondary finance, rent-to-own (RTO), auto loans, and BHPH.
Note: Due to a no-resale clause that many direct lenders now have, it caused a shortage of consumer debt in the debt sales market in 2023; either the debt buyer collects the full first-time debt buyers have association lease zombie debt out to other agencies or debt buyers purchase debts with a buyback date.
This has resulted in a decline in secondary market options available for buyers.
Real estate investors earn money note investing by buying mortgage notes from private lenders, or banks who want to divest their interest in debt purchased that asset class or need extra cash to buy another deal. Practically, they obtain the debt. Therefore, paying the real estate notes investors collect on a note similar to banks paying them or private companies earning interest by buying notes carry out themselves.
Real estate note investing can be a profitable venture, but it is vital to be mortgage note investing because it is typically considered a high-risk investment.
It is recommended for experienced investors who have a high tolerance for risk and understand the nuances of the market.
It is important to conduct thorough research and due diligence before investing in any note.
It is also essential to understand the terms and conditions of the note, the current market conditions, and the borrower’s creditworthiness before investing. It is also recommended to consult with a financial advisor before making investment decisions.
A debt broker is a professional who acts as an intermediary in the sale of debt transactions. They work with providers, collectors, businesses, and other debt collection agencies, industries, and other debt collection industries and agencies, that own uncollectible debts.
The broker will receive information about the debts, including the type of debt, the debt’s age, the debt’s face value, the asking price, and sample documentation (such as billing statements and signed contracts).
They will then assist the seller in creating a masked portfolio of the defaulted and delinquent accounts and debt and determine the asking price. Once everything is assembled, the broker will identify the right seller and debt buyer and negotiate the closing of a deal.
It is important to note that debt collector portfolio brokers are not involved in the execution of the debt collection agency process. They specialize in the purchase of debt collections from other investors. They usually charge a percentage of the debt portfolio itself’s value or the list price as their fee.
The typical timeframe for a residential mortgage note purchase is between 15-23 business days. A commercial mortgage note purchase typically takes between 20-27 business days. A business mortgage note purchase can be completed in an average of 10-15 business days. These timeframes assume that no unexpected issues arise during the process.
We can be your most valuable partner if you’re interested in buying or selling distressed assets. Our team has the experience, expertise, and connections to help you navigate the market and make the best decisions for your investment.
Whether you’re looking to acquire or dispose of distressed assets, we can help you identify opportunities, evaluate risks, and negotiate deals to help you achieve your goals. Contact us today to learn how we can help you with your distressed asset needs.
Expertise: Loan sale advisors have extensive knowledge and experience in the loan sale market and can provide valuable insights and guidance on the best ways to sell your loans.
Network: Whole loan advisors have a vast network of contacts in the industry, which can help you reach more potential buyers and get a better price for your loans.
Efficiency: A loan sale advisor can handle the entire loan sale process from start to finish, saving you time and effort.
Optimization: An experienced loan sale advisor will work with you to optimize the sale of your loans, including structuring the deal, marketing the loans, and negotiating the best price.
Compliance: A whole loan advisors can help ensure that the loan sale process is compliant with all relevant regulations, which can reduce the risk of legal and regulatory issues.
Better pricing: A loan sale advisor can help you get the best possible price for your loans by providing market insight, market positioning, and negotiation expertise.
Broker websites are online platforms that connect buyers and sellers of various products or services, usually acting as intermediaries or facilitators for closing the transaction. A note buyers websites typically serve provides a marketplace where buyers and sellers can connect, negotiate terms, and complete transactions.
The process whole structure of creating and transferring a mortgage from one party (the borrower) to another is not difficult or daunting. For this transaction to occur, sufficient funds must be in an escrow account at the time of sale, which ensures that all parties have their promised share when it comes time for payoff.
1. Research potential note buyers to identify the best fit for your note.
2. Gather all relevant information about your note, including the loan amount, interest rate, the monthly payment, history, and remaining balance.
3. Contact the other note holder and buyer to discuss the other note holder’ details and negotiate a purchase price.
4. Provide the note buyer with all necessary documents for performing note itself, such as the promissory note, deed of trust, and other relevant documents.
5. Finalize the sale of investment property by signing a purchase agreement for physical investment property and transferring the note to the buyer.
6. Ensure that the buyer has the funds to the physical property and pay for the note and that the transfer of ownership is properly documented.
There are several benefits of working with a note broker:
Access to a broader pool of buyers: Note brokers have a network of potential buyers, including institutional investors, hedge funds, and private equity firms. This means they can quickly help you find the right buyer for your note.
Expertise in note sales: Note brokers have experience and expertise in the note-buying industry and can help you navigate the complexities of the process.
Higher sale prices: Note brokers can help you get a higher sale price for your note by negotiating with multiple buyers and finding the most willing to pay.
Faster sales process: Note brokers can help you close a sale faster by handling all the details and paperwork involved in the transaction.
Professionalism and Confidentiality: Note brokers are professional and confidential; they can help you keep your note sale private and confidential, which can be especially important for businesses or high net-worth individuals.
A debt buyer is a company debt collection agency, law firm debt brokerage, or individual that purchases non-performing and performing mortgage notes credit card debt, also known as non-performing notes, from the borrower pays the original creditors, lenders or note holders.
These notes represent a mortgage loan on a property and are legally binding documents that outline the terms of the loan, such as the due monthly payments monthly or bimonthly payments and the property value. When a borrower defaults on their mortgage payments, the borrower pays original lender may sell the non-performing note to a debt buyer for a discounted purchase price.
Mortgage note call investing strategy is a type of real estate investing and investing strategy where investors buy non-performing mortgage notes and become the borrower pays new the money owed debt buyers lender.
They then work to collect the remaining payments from the borrower in hopes of making a significant profit or profits from the purchase price difference. Noteholders can also sell performing notes, where the borrower is current on their payments.
Buying mortgage notes is a used real estate investing strategy used by real estate investors who want to receive only a fraction of monthly payment or bimonthly payments from the borrower and avoid the traditional mortgage process.
When a borrower defaults, the noteholder can foreclose on the property and take ownership of it. Private lenders may also purchase these non-performing notes as an alternative to traditional mortgage lending.
It is important to all mortgage note investing that buying non-performing notes can be risky, as the property value sell mortgage notes may have decreased, and the borrower may not be able to make the payments, resulting in the investor losing money.
A debt broker is a professional who helps investors to find mortgage notes and how to buy debt, mortgage notes, and promissory notes from note sellers. They also help residential mortgage note holders to sell their notes to buyers.
When selling a promissory note, it’s really important to do your research and ensure that you get a fair price for the promissory letter; it’s essential to understand the actual value of pennies on the dollar of promissory message and the details of the transaction before you sign any paperwork.
Be thoughtful about how you sell a promissory note, and be careful about what you agree to in the terms and conditions for selling the message to other investors. It’s imperative to be organized and thorough about the details.
A commercial note broker is a professional who specializes in buying and selling commercial mortgage notes, normally through a mortgage note broker. They work as intermediaries between the buyers and sellers of commercial mortgage notes, helping to match buyers with suitable to sell mortgage notes, and facilitating the sale of sell mortgage notes and buy mortgage notes together.
They also assist in the due diligence process and help negotiate the transaction’s terms.
Commercial and other real estate mortgage notes and note investing and brokers typically have experience and knowledge in the commercial real estate mortgage notes market. Many have strong relationships and connections to a network of buyers, sellers, and other professionals in the industry.
They can help make buying or selling a commercial real estate mortgage note more efficient and profitable for both parties.
Fitzgerald Advisors, LLC makes both buying debt and selling debt easy by providing expert guidance and assistance. We offer a wide range of services, including advice on selling your existing debt and buying new ones for maximum returns.
Our experienced professionals will work closely with you to ensure a smooth and successful transaction. Whether you’re looking to dispose of non-performing loans or acquire new investments, we have the expertise to help you achieve your financial goals.
1. Gather all the necessary information about the delinquent debt and purchase debts you want to sell, including the last payment amount and date, charge off, including the amount and the date it was incurred, provide supporting documents, and a seller survey of the delinquent debts and buy debt you wish to sell.
2. Contact a qualified debt buyer and provide them with the information about the debt you want to charge tax write off.
3. Negotiate a sale price with the debt purchaser and original creditor who’s the new debt buyer now.
4. Once the sale price has been agreed upon, largest the money debt buyers and equity buyers, sign a contract with the two other debt buyers and equity buyer outlining the sale terms.
5. Make sure all the credit reports, legal fees and necessary paperwork is completed and submitted to the debt buyer.
Immediate Cash Flow: Debt buyers provide rapid cash flow by purchasing outstanding debts from creditors at a discounted rate.
Reduced Risk: Debt buyers take on the risk of collecting the debt, so creditors no longer have to worry about chasing unpaid bills.
Increased Resource Efficiency: Debt buyers have the resources and expertise to collect unpaid debts efficiently, allowing creditors to focus on their core business operations.
Improved Credit Rating: By selling their unpaid debts to debt buyers, creditors can improve their credit rating by reducing their accounts receivable and showing that they are taking steps to collect on outstanding debts.
Legal Expertise: Debt buyers have legal expertise and know how to navigate the collection process effectively and efficiently.
Boost sales and revenue: By getting cash quickly and reducing bad debt, companies can focus on growing their sales, revenue, and profits.
Lack of oversight and regulation: Debt buyers are not subject to the same level of management and regulation as traditional creditors and collection agencies. This can make it challenging to ensure they operate ethically and within the law.
Misrepresentation of debts: Debt buyers may misrepresent the amount or status of a debt, making it difficult for consumers to verify whether they owe the debt.
Harassment and abuse: Some debt buyers may use aggressive or illegal collection tactics, such as harassment or abuse, to collect debts.
Unfair practices: Debt buyers may engage in unfair practices such as charging exorbitant fees or interest rates or falsely threatening legal action.
Difficulty in verifying the validity of debt: Debt buyers may purchase debt from the original creditor without all the necessary documentation to validate the debt, which could be a problem for consumers.
Credit score damage: If a debt buyer reports a consumer’s debt to a credit bureau, it could damage their credit score, even if the debt is ultimately found invalid.
Working with a note broker can have some potential risks. Some of these risks include:
The risk of fraud: There have been note brokers falsely representing the note’s value, the underlying collateral, or the income stream.
The risk of miscommunication: Note brokers may not have a thorough understanding of the note and may be unable to communicate important details to the buyer.
The risk of unverified information: A note broker may not verify the information provided by the seller and may be unable to provide accurate information to the buyer.
The risk of incomplete or missing documentation: A note broker may not verify the note documentation’s completeness, which may lead to legal issues or disputes later on.
The risk of hidden costs: Note brokers may charge hidden or additional fees that may not be disclosed to the buyer at purchase.
It’s essential to conduct due diligence when working with a structured note broker and to ensure you understand the structured note and its underlying structured collateral before making a purchase.
Some potential risks include the following:
The broker may not have access to the best deals or cannot secure the best terms for you.
The broker may not have the necessary experience or expertise to advise you on your debt portfolio purchase properly.
The broker may charge high fees or commissions, affecting your profits.
The broker may not be fully transparent about the portfolio’s actual condition or the performance of the underlying assets.
The broker may engage in unethical or illegal practices, such as misrepresenting the portfolio or insider trading.
The broker may not have the necessary licenses or regulatory compliance in place.
Access to a broader pool of buyers: Debt brokers have relationships with various debt buyers and can help connect sellers with the right buyer for their specific portfolio.
Better pricing: Debt brokers can often negotiate better prices for the seller than if they were to sell the debt directly to a buyer.
Faster sales process: Debt brokers can often expedite the sales process, helping the seller to quickly and efficiently dispose of the debt.
Expertise: Debt brokers have knowledge and expertise in the debt-buying industry, which can be valuable to the seller in terms of understanding the market and the best way to sell the debt.
Reduced risk: Debt brokers can help mitigate the risk for the seller by thoroughly vetting the buyers and ensuring that the sale is conducted promptly.
If you’re looking to sell a debt you’re owed, there are a few steps you’ll need to take. First, you must create and ensure a valid and enforceable contract or promissory note outlining the statute of limitations debt.
Next, you’ll need to decide how to sell the debt through a a debt collection industry factoring company, a debt buyer, an auction or a used auction or private sale.
After that, you’ll need to negotiate the sale price with the debt buyer contacts another interested third party debt collection agency, and complete or facilitate the transaction.
Once the purchase is complete, you’ll need to transfer the debt to the buyer and provide them with any documents necessary for them to collect the money owed the debt.
SBA offer in compromise is a program offered by the Small Business Administration (SBA) to help small business owners resolve their outstanding debt with the SBA. The offer in compromise program allows small business owners to settle their debt for less than the full amount of money owed.
A distressed loan is a type of loan that is in default or is at risk of default. It typically refers to loans that are non-performing, meaning that the borrower has missed one or more payments or is in default due to other reasons such as bankruptcy or insolvency.
Distressed loans can be held by banks, financial institutions, or private investors, and they can be related to various types of debt, such as mortgages, personal loans, or business loans.
Distressed loans are generally considered high-risk and high-reward investments, as they can offer attractive returns to investors willing to take on the risk of investing in a loan that may be difficult to collect or require significant work to recover.
Distressed loans can be purchased or sold on the secondary market, often at a significant discount to their face value, as investors seek to recoup some of their investment while minimizing their losses.
A whole loan sale is a type of mortgage where the entire loan is sold to one customer. This is different from a refinance, where a loan is re-financed with a different lender.
A wholesale mortgage is a type of mortgage loan that is originated by a mortgage broker or correspondent lender and sold to a wholesale lender, who then funds the loan and ultimately sells it to an investor in the secondary market.
Wholesale mortgages are typically offered to borrowers who may not meet the eligibility criteria for a conventional loan or seek more flexible terms and lower interest rate or rates. Mortgage brokers and correspondent lenders work with borrowers to find a suitable loan product and submit the loan application to a wholesale lender.
Wholesale lenders provide funding for the mortgage loan and underwrite the loan to ensure that it meets the eligibility criteria of private lender and the investor who will ultimately purchase the home loan amount in the secondary market. The wholesale lender also services the home loan amount and collects the borrower’s monthly payments back.
Wholesale mortgages can benefit borrowers with unique financial situations or credit profiles and mortgage brokers and correspondent lenders who want to offer a variety of loan products to their clients. However, borrowers should be aware that wholesale mortgages may come with higher fees and interest rates than conventional loans and may also have stricter eligibility criteria.
A loan sale advisor is a specialist who guides financial institutions or private companies on the sale of their loan portfolios, whether they are performing or defaulted. Their responsibilities include evaluating the portfolio, determining its value, and identifying potential buyers.
Additionally, they may assist with negotiating and finalizing the loan sale deal.
Their expertise is utilized to find mortgage notes to extract the maximum value of the loan portfolio for debt buyer owns the asset class of debt seller, and to ensure that the debt buyer paid and is getting a good deal by assessing the risk of the loans.
Whole loan trading is a type of financial transaction where a lender sells an entire loan to another party, rather than just selling off individual pieces of the loan, such as a portion of the principal or interest payments. The loans being traded can be of various types, including mortgages, auto loans, student loans, or any other kind of loan.
Whole loan trading can be beneficial for lenders who want to make extra income, reduce their exposure to a particular type of loan or diversify their loan portfolio. It can also be useful an investing passive income strategy for investors who are looking for passive income or to acquire a diversified pool of loans in order to generate passive income just from the interest payments.
Whole loan trading typically involves a complex process of due diligence, documentation, and negotiation between the parties involved in transactions. The value of the loans being traded is determined based on factors such as the creditworthiness of the borrower, the collateral securing the loan, and the overall performance of the loan portfolio.
Overall, whole loan trading is a way for lenders and other investors to manage risk and generate passive income, by buying and selling loans in the secondary market.
A whole loan trader is a professional who specializes in buying and selling whole loans in the secondary market. They work for banks, hedge funds, investment firms, or other financial institutions that trade in whole loans.
Whole loan traders are responsible for conducting due diligence on loans being traded, analyzing loan performance data, negotiating loan purchase and sale agreements, and closing and managing the risk associated with loan sales to other investors and their loan portfolios.
They need to have a deep understanding of various types of consumer loans themselves, such as mortgages, auto loans, and various forms of student loans, as well as the creditworthiness of borrowers, collateral securing the loans, and the overall economic environment.
Whole loan traders also need to stay up-to-date with market trends, regulatory changes, and technological advancements that may affect the value and liquidity of the loans being traded.
Successful whole loan traders typically have strong analytical and negotiation skills and the ability to work under pressure and make quick and informed decisions in a fast-paced trading environment.
Non-performing loans are loans that have not been paid back in full or on time. A loan considered to be in non-performing status may still be eligible for a loan modification or foreclosure.