RAW sources, underwrites, and offers seasoned performing notes secured by Texas dirt. Yields typically 9.5%–12% on collateralized first-position paper.
Receive the current available-for-sale tape with stratifications.
Submit a bid by yield, price, or all-in dollars.
Review collateral file, pay history, title policy, BPO/AVM.
Allonge, assignment of DOT recorded, servicer transfer, fund.
$25K for individual notes; $250K+ for pool trades.
We trade performing paper only. Non-performing is sold separately to specialists.
IRR of remaining cash flows at the bid price, net of servicing.