PPR regularly offers Mortgage Notes, including performing and non-performing 1st and 2nd liens, for sale direct to its network of registered note investors.
The note purchase process is summarized below, but be aware that at least monthly we email announcements about newly-offered notes for sale to registered note investors. We also recommend that you periodically browse the assets available in the Note Vault.
Upcoming Release Date(s)
February 10th to February 20th (NPN 1sts & 2nds)
Performing Notes sold by PPR are covered by our Performance Warranty, which protects the investor’s note purchase amount in the event of borrower default. Get the Warranty details.
Note Purchase Process
Step 1: Register
Complete registration and sign the NDA.
Step 2: View Available Notes
Performing and non-performing 1st and 2nd liens are released at least monthly on a bid platform. (Performing notes are often released on a weekly basis.)
Log in to view Notes.
Step 3: Purchase Request
For Notes, perform all due diligence and submit your purchase request (place bids) before the end of the bid period (typically 5-10 days).
Step 4: Funding
The Trade Desk will respond the next business day after bids are due. If you win, funding is expected within 48 hours of receiving our Loan Sale Agreement (or within a week for IRA purchases).
Step 5: Loan Servicing Transfer & Collateral File
The loan servicing transfer will be completed and the collateral file will be shipped as quickly as possible, usually within one week (5 business days) of receiving funding.