Current Trends: Are You Considering Selling Performing Notes?

[Richard Dickson]

Hey BP Community,

I'm interested in understanding the current landscape for performing notes. As an investor, I'm always analyzing market conditions.

For those who hold performing notes, especially on residential 1-4 unit properties:

• What are your current considerations around holding vs. potentially selling notes in today's market? (e.g., yield compression, portfolio rebalancing, alternative investment opportunities).
• What factors would influence your decision to sell a performing note, if any? (e.g., offer terms, property type, note seasoning).
• Have you noticed any shifts in the secondary note market recently?

My aim is to gain a better understanding of the current sentiment among note holders. Open to hearing diverse perspectives and experiences.

Thanks

[Chris Seveney]

Have not really seen any shifts in the market performing notes continue to sell at 8-12% yield to investor based on the borrower and collateral.