Seasoned & Performing Portfolios
We buy seasoned and performing portfolios.
For private lenders selling a seasoned book to recycle capital: performing loans, bid loan by loan.
For lenders and funds with a book of performing loans they want to turn back into lending capital.
- No minimum
- Bid within 24 hours
- Servicing released or retained
Buy box
Portfolio buy box
| Loans | Business-purpose and residential loans with a payment history. |
|---|---|
| Status | Performing at the time of purchase. We don't buy non-performing loans. |
| States | All states. |
| Pool size | Any. One seasoned loan or the whole book. |
| Servicing | Released or retained. |
| Leverage, credit and loan size | Set out in our guidelines and matrix, which approved sellers receive. |
How we review
Every loan in the book, reviewed in full.
After you accept our bid, our AI underwriting reviews the entire file (the original valuation and current collateral, the payment history, and every loan condition) and our underwriters clear it. That is how diligence clears fast and we close what we commit to.
Fit
What sells well, and what gets kicked out
Sells well
- Clean payment histories from the servicer
- Complete collateral files for every loan
- Extensions and modifications papered in the file
- A tape that matches the servicing records
Gets kicked out
- Loans past maturity with no documented extension
- Missing collateral documents
- Subordinate financing behind the loan
- Payment histories that don't match the tape
What to send
What to send, and when.
Submit a tape (Excel/CSV or your loan system's export) or register loans in the CorrFirst seller portal.
To get a bid: tape fields or portal registration
- Loan ID, property address and property type
- Original and current balance, note rate and maturity
- As-is value, and after-repair value where there is one
- Lien position, occupancy and loan purpose
- Borrower credit score and experience
- Payment status and days delinquent
- Months of payment history and any modifications
After you accept: the loan file and collateral documents
- Note, mortgage or deed of trust, and any modifications
- Appraisal, through an AMC with a local appraiser
- Title policy or commitment, and evidence of insurance
- Closing statement and loan approval or conditions
- Borrower and entity documents, including any guaranty
- Payment history and current servicer information
Submit a tape (Excel/CSV or your loan system's export) or register loans in the CorrFirst seller portal. Approved sellers receive our tape template and collateral file checklist.
Become a SellerCommon questions
Portfolio questions
Can I pull loans out after you bid?
Do you buy consumer-purpose loans in a seasoned book?
What does performing mean for you?
Loans we buy
Other loans we buy
Fix & Flip / Bridge
Rehab and bridge loans, including partially drawn loans with draws still to fund.
See the buy boxGround-Up Construction
New construction up to 10 units, including multifamily and mixed-use.
See the buy boxDSCR & Investor
Rental loans qualified on property cash flow, long-term and short-term rentals.
See the buy boxSmall-Balance Commercial
Multifamily to 25 units and mixed-use to 10 units, $300K to $5M.
See the buy boxSpecialty / Hard-to-Place
Rural, acreage, modular, manufactured, bailouts and foreign nationals.
See the buy boxNon-QM
Bank-statement, alt-doc and other non-QM residential loans.
See the buy boxNext step
Have a seasoned loan to sell?
Submit a tape or register loans in the seller portal. Bid within 24 hours.
