Selling 2nd position mortgage Portfolio
I would like to sell a second position mortgage portfolio I own. Any suggestions on the best way to value it.
We sold a portfolio of properties to a single buyer, all notes are performing. The notes are interest only at 3% for 30 years. Mainly it was kind of a bonus to us since we sold for significantly more then we valued the portfolio at, and without an agent.
Total mortgage face value is $937,000. Monthly Payments Total $3,932. There are 25 properties that have notes just to be clear. 28 years remaining on payments. How do I value them and How do I sell them is the question....thoughts?