Commercial Note Buyers
Sell Your Commercial Mortgage Note
We purchase seller-financed commercial mortgage notes secured by office, retail, industrial, and mixed-use properties nationwide. Free, confidential evaluations.
Why Commercial Is Different
Commercial Notes Aren't Just Larger Residential Notes
Residential notes are underwritten primarily against the borrower and the collateral property. Commercial notes add a third dimension: the income the property produces. A retail center with two national-credit tenants on 10-year leases prices very differently from an identically sized building with month-to-month locals, even if the loan terms look the same on paper.
That is why our commercial evaluations look at your loan documents alongside the property's rent roll, operating statement, and lease structure. The stronger the income stream backing the note, the more competitive our offer.
- Office, retail, industrial, and mixed-use notes
- Balances from $150K into the multi-millions
- Performing and re-performing notes preferred
- Full purchase, partial purchase, or hybrid structures
- Closing through a licensed title or escrow company
Documents To Have Ready
Commercial Diligence Checklist
- Promissory note and commercial mortgage or deed of trust
- Original closing settlement statement
- 12-month payment history
- Current rent roll and trailing 12-month operating statement
- Property tax and hazard insurance evidence
- Environmental reports if available (Phase I / II)
Missing a document? Send what you have. Most files are reconstructable from the title company and property manager.
Property Types
Commercial Notes We Purchase
Office
Single-tenant, multi-tenant, and medical office notes. Investment-grade tenants strengthen pricing.
Retail
Strip centers, single-tenant NNN, and neighborhood retail. Tenant quality and lease term drive value.
Industrial
Warehouse, flex, and light-industrial notes. Long lease terms and creditworthy tenants price aggressively.
Mixed-Use
Retail-over-residential and live/work properties. We underwrite each income stream separately.
How We Price
The Four Factors That Move A Commercial Offer
Loan-to-Value (LTV)
Current unpaid balance compared to today's property value. Lower LTV, better pricing.
Debt Service Coverage Ratio (DSCR)
Property NOI divided by annual debt service. DSCR above 1.25 indicates a healthy cash flow buffer.
Tenant & Lease Profile
Credit quality of tenants, weighted average lease term (WALT), and rollover risk during the note term.
Payment History
12+ months of on-time payments materially improves the offer. Delinquencies are workable but priced accordingly.
A Word On Non-Performing Notes
Delinquent Commercial Notes Are Still Buyable
If your borrower has fallen behind, that doesn't take you off the table – it just changes the pricing model. We evaluate workout paths (modification, deed-in-lieu, foreclosure) alongside the note purchase itself so you have a clear picture of your options.
Discuss My Commercial NoteTypical Timeline
- Day 1: Submit note and property documents.
- Days 1–3: Written offer with pricing rationale.
- Days 3–21: Title, BPO or appraisal, lease review.
- Days 21–45: Closing through title. Funds wired same day.
Get Started
Request A Free Commercial Note Evaluation
Share your note and a few property details. Andrew personally reviews every commercial submission and responds within one business day.
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