What we buy
Loans we buy.
Business-purpose and non-QM whole loans. One loan at a time or the whole book. If it's a good loan that doesn't fit someone else's box, send it.
Buy box at a glance
What fits, before you send anything.
Leverage, credit and loan-size limits for each product are in our guidelines and matrix, which approved sellers receive.
| Products | Fix & flip and bridge, ground-up construction, DSCR and investor, small-balance commercial, specialty and hard-to-place, non-QM, seasoned and performing portfolios. |
|---|---|
| Property types | 1-4 family; multifamily to 25 units; mixed-use to 10 units with at least 50.01% residential; ground-up to 10 units. |
| Small-balance commercial size | $300K to $5M. |
| Trade size | Single loans of any size, flow, forward and bulk. No minimums. |
| Servicing | Released or retained. |
| Appraisal | Through an AMC, with a local appraiser. Every unit inspected. |
| Bid | Within 24 hours of a tape or seller portal registration. Our bid holds through the commitment period unless diligence finds a material defect. |
Products
Seven products, one desk.
Each page has the buy box, what sells well, what gets kicked out and what to send.
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 boxSeasoned & Performing Portfolios
Seasoned books from private lenders ready to recycle capital.
See the buy boxLoans others pass on
A good loan that doesn't fit someone else's box is exactly what we want to see.
Rural and acreage
Properties outside metro footprints and on larger parcels, priced on the real comparables.
Modular and manufactured
Permanently affixed homes titled as real property.
Foreclosure bailouts
Loans that rescue a borrower from a foreclosure, underwritten on the exit.
Foreign nationals
Investor borrowers without US credit, with the documentation to support them.
Partially drawn rehab loans
Mid-project loans with draws still to fund. We take the remaining draws into account in the bid.
Lines of credit
Business-purpose lines secured by real estate.
How we buy
Single, flow, forward or bulk.
Single loans, any size
One loan at a time, whenever you want the capital back.
Flow
Sell loans as they close, under one standing agreement.
Forward
We commit to buy loans before you originate them, on terms set up front.
Bulk
A pool or the whole book, bid loan by loan and settled together.
What we don't buy
Saving you a submission:
- Loans with subordinate financing behind them
- Pure commercial property: retail, office, industrial and warehouse
- Mixed-use property that is less than 50.01% residential
- Appraisals that did not come through an AMC, or that skipped units
The process
How selling works.
- Step 1
Submit
Upload a loan tape, or register your loans in the CorrFirst seller portal.
- Step 2
Get a bid
We send a price on each loan or the pool.
- Step 3
Accept and deliver
If you accept, deliver the loan file.
- Step 4
Diligence
Our AI underwriting reviews the entire file (valuation, construction feasibility where relevant, and every loan condition), and our underwriters clear it.
- Step 5
Purchase
Once diligence is cleared, we buy the loan when the collateral documents are received and cleared.
- Step 6
Servicing transfer
Servicing moves after purchase.
Common questions
What we buy: common questions
Is there a minimum trade size?
Do you buy loans outside the buy box?
Do you buy consumer-purpose loans?
Can I sell servicing retained?
Have a loan that fits? Send it today.
One loan or a full tape. Bid within 24 hours.
