one website that lists all the Mortgage Note Funds/Opportunities

Member since 2024 · 11 posts · 9 votes

Is there one website/location that would allow me to review/look through all the various Mortage Note Funds/opportunities? If so could someone please provide me with that information? Thank you.

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Jay HinrichsBusiness Member

Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes

Quote from @Paul Azad:

"Exactly expecting private note funds to put out into the public their loss's is not going to happen anytime soon.. Only the wins generally speaking."

Seems like a great way to narrow down the list then, the best GPs, managers, CEOs, will openly discuss their losses and mistakes and what went wrong and what they learned from it so less likely to happen again. Warren Buffet is a master of this. When I invest, I mostly want to know about the failures and losses and what they did to mitigate them as any fool can make money in a Bull market but what you want is someone who loses less in a Bear or bad real estate market. That's the true Alpha.

well be interesting to see if any of them will make that public. Its hard to promote your fund leading off with your loss's and these funds can hardly be compared to Buffet . I am just talking reality of marketing for capital in a very competitive market.

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Lauren Sanford
Investor · Member since 2024 · 181 posts · 63 votes
2y
@Bradley Rosenberg are you looking for funds that you can invest in or places to purchase notes?
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Bradley Rosenberg
OP
Member since 2024 · 11 posts · 9 votes
2y
Quote from @Lauren Sanford:

@Bradley Rosenberg are you looking for funds that you can invest in or places to purchase notes?
I am looking for a place where i can see various note fund offerings at once sort of like etfdb.com where all the fund options are presented. Any thoughts on if something like this is available?
1 Reply
Robert Hytha
Real Estate Investor · Philadelphia, PA · Member since 2011 · 41 posts · 34 votes
2y
Hi @Bradley Rosenberg - I love this idea! I just put it on our roadmap for the FIXnotes website to put something together.
Here are a few Note Funds that we will include:
- Aspen Funds
- Bequest Funds
- Earnest Investing LP
- NNG Capital Fund
- PPR Capital Management
- Seveney Investments

Let me know what detail you would like us to research & include in the comparisons. I'm thinking yield, years in operation, operator experience, asset class targeted, accredited/non-accredited opportunities, assets under management, etc

Let me know what else you think is necessary to include!
2 Reply
Bradley Rosenberg
OP
Member since 2024 · 11 posts · 9 votes
2y
Quote from @Robert Hytha:

Hi @Bradley Rosenberg - I love this idea! I just put it on our roadmap for the FIXnotes website to put something together.
Here are a few Note Funds that we will include:
- Aspen Funds
- Bequest Funds
- Earnest Investing LP
- NNG Capital Fund
- PPR Capital Management
- Seveney Investments

Let me know what detail you would like us to research & include in the comparisons. I'm thinking yield, years in operation, operator experience, asset class targeted, accredited/non-accredited opportunities, assets under management, etc

Let me know what else you think is necessary to include!
I would also look to do

Spectra Capital
Connect Invest
Arabella Capital
Upright Invest
F-Street
Equity Multiple
Interwest Capital

I would say that should be good for know with more to come. What types of data points would you be collecting?

0 Reply
Robert Hytha
Real Estate Investor · Philadelphia, PA · Member since 2011 · 41 posts · 34 votes
2y
Nice, thank you @Bradley Rosenberg. So far I'm thinking:
expected yield
years in operation
operator experience
asset class targeted (1st, 2nd, RPL, NPL, etc)
accredited/non-accredited opportunity
assets under management
anything else you would be interested in?
0 Reply
Bradley Rosenberg
OP
Member since 2024 · 11 posts · 9 votes
2y
Quote from @Robert Hytha:

Nice, thank you @Bradley Rosenberg. So far I'm thinking:
expected yield
years in operation
operator experience
asset class targeted (1st, 2nd, RPL, NPL, etc)
accredited/non-accredited opportunity
assets under management
anything else you would be interested in?

Have they missed a distribution?
term of loans in portfolio
type of repayment structure
do they provide portfolio composition/updates
redemption (average time it takes)
how do they accomodate redemtpions, i.e. do they have cssh reserves and/or a line of credit
how does the company get paid, i.e. spread or fees/expenses
is ther some type of split between GP and/or LP and what that split is
frequency of distributions
Tax reporting- k1 or 1099
is there a lockup/hold period if so what is it?
I think this would be a great start and may have some more to come. Thanks for asking.
0 Reply
Robert Hytha
Real Estate Investor · Philadelphia, PA · Member since 2011 · 41 posts · 34 votes
2y
Solid list, thank you @Bradley Rosenberg!
1 Reply
Robert Hytha
Real Estate Investor · Philadelphia, PA · Member since 2011 · 41 posts · 34 votes
2y
Quick update on my progress so far @Bradley Rosenberg - I have created a webform to collect all the Fund details & sent it out to some of the members of our mastermind group who run Note Funds for their input (Aspen, etc)

I hope to have some feedback and begin building out the page next month - stay tuned!
3 Reply
Chris SeveneyBusiness Member
Moderator
Investor · VA · Member since 2015 · 21k+ posts · 19k+ votes
2y
Quote from @Bradley Rosenberg:

Is there one website/location that would allow me to review/look through all the various Mortage Note Funds/opportunities? If so could someone please provide me with that information? Thank you.

There is not "one" list. You look around every corner and someone has a mortgage note / debt fund. Some do commercial, some do residential, some do performing, some do non performing....
It will be difficult to get some info on them, as if they are 100% private they can say whatever they want too and there is no way to tell if the information is correct or manipulated.
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Bradley Rosenberg
OP
Member since 2024 · 11 posts · 9 votes
2y
Quote from @Robert Hytha:

Quick update on my progress so far @Bradley Rosenberg - I have created a webform to collect all the Fund details & sent it out to some of the members of our mastermind group who run Note Funds for their input (Aspen, etc)

I hope to have some feedback and begin building out the page next month - stay tuned!

Thank you. Look forward to seeing the product.
1 Reply
Robert Hytha
Real Estate Investor · Philadelphia, PA · Member since 2011 · 41 posts · 34 votes
2y
So true, and any aggregated list of all of the various fund options will need to some serious disclaimers about investor due diligence & liability.
3 Reply
Bradley Rosenberg
OP
Member since 2024 · 11 posts · 9 votes
2y
Quote from @Robert Hytha:
So true, and any aggregated list of all of the various fund options will need to some serious disclaimers about investor due diligence & liability.

Yes it will need disclaimeds but i think it will help to create a place where people can go to find out about those offeri gs that maybe available.
1 Reply
Jay HinrichsBusiness Member
Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
2y
Quote from @Chris Seveney:

Quote from @Bradley Rosenberg:

Is there one website/location that would allow me to review/look through all the various Mortage Note Funds/opportunities? If so could someone please provide me with that information? Thank you.

There is not "one" list. You look around every corner and someone has a mortgage note / debt fund. Some do commercial, some do residential, some do performing, some do non performing....
It will be difficult to get some info on them, as if they are 100% private they can say whatever they want too and there is no way to tell if the information is correct or manipulated.

Exactly expecting private note funds to put out into the public their loss's is not going to happen anytime soon.. Only the wins generally speaking.
Podcast Guest on Show #222
JLH Capital Partners51 Review
Website View Page
4 Reply
Paul Azad
Member since 2024 · 162 posts · 232 votes
2y
"Exactly expecting private note funds to put out into the public their loss's is not going to happen anytime soon.. Only the wins generally speaking."
Seems like a great way to narrow down the list then, the best GPs, managers, CEOs, will openly discuss their losses and mistakes and what went wrong and what they learned from it so less likely to happen again. Warren Buffet is a master of this. When I invest, I mostly want to know about the failures and losses and what they did to mitigate them as any fool can make money in a Bull market but what you want is someone who loses less in a Bear or bad real estate market. That's the true Alpha.
1 Reply
Jay HinrichsBusiness Member
Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
2y
Quote from @Paul Azad:

"Exactly expecting private note funds to put out into the public their loss's is not going to happen anytime soon.. Only the wins generally speaking."
Seems like a great way to narrow down the list then, the best GPs, managers, CEOs, will openly discuss their losses and mistakes and what went wrong and what they learned from it so less likely to happen again. Warren Buffet is a master of this. When I invest, I mostly want to know about the failures and losses and what they did to mitigate them as any fool can make money in a Bull market but what you want is someone who loses less in a Bear or bad real estate market. That's the true Alpha.

well be interesting to see if any of them will make that public. Its hard to promote your fund leading off with your loss's and these funds can hardly be compared to Buffet . I am just talking reality of marketing for capital in a very competitive market.
Podcast Guest on Show #222
JLH Capital Partners51 Review
Website View Page
4 Reply
Ian IppolitoBusiness Member
Investor · Tampa, FL · Member since 2015 · 1k+ posts · 1k+ votes
2y
Quote from @Bradley Rosenberg:

Quote from @Lauren Sanford:

@Bradley Rosenberg are you looking for funds that you can invest in or places to purchase notes?
I am looking for a place where i can see various note fund offerings at once sort of like etfdb.com where all the fund options are presented. Any thoughts on if something like this is available?
The details for virtually all of the funds are generally protected under a non-disclosure agreement. And these generally prohibit reposting that confidential info to a public place (i.e. where no NDA is in place). So the asset class is different than investing in public ETFs and any publicly available list like that is not going to be comprehensive.

Having said that...if you're interested in a private version of such a list then private message me.
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1 Reply
Chris SeveneyBusiness Member
Moderator
Investor · VA · Member since 2015 · 21k+ posts · 19k+ votes
2y
@Jay Hinrichs
100% agree
What we did was had a third-party company perform a track record verification report. So this was not an asset by asset performance but a fund performance and what was the net return to the investors after all fees.
Because in reality, that’s what the investors are looking for
There are a lot of companies that do this, because every investment advisor when they report their performance for their clients, this information is done by these types of firms.
It cost us around $3k per fund (we had all five funds evaluated)
Cheap money and easy way for sponsors to put their proverbial money where their mouth is.
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1 Reply
Jay HinrichsBusiness Member
Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
2y
Quote from @Chris Seveney:

@Jay Hinrichs
100% agree
What we did was had a third-party company perform a track record verification report. So this was not an asset by asset performance but a fund performance and what was the net return to the investors after all fees.
Because in reality, that’s what the investors are looking for
There are a lot of companies that do this, because every investment advisor when they report their performance for their clients, this information is done by these types of firms.
It cost us around $3k per fund (we had all five funds evaluated)
Cheap money and easy way for sponsors to put their proverbial money where their mouth is.

well in note funds your going to have clunkers its just the nature of the business.. having been in the HML space since the mid 80s personally NO ONE bat's 100 . I mean look at Peer st. WE all have clunkers myself included it simply impossible to have a perfect record when you are counting on a third party to execute and pay.. Sheeeet happens to folks.. They get divorced they end up in jail they pass away they have to spend all their money bailing out their kid who got arrested they need money for Christmas and or their contractor stole all their money or did a crappy job all of this can lead to deals not performing..
Podcast Guest on Show #222
JLH Capital Partners51 Review
Website View Page
3 Reply
Bradley Rosenberg
OP
Member since 2024 · 11 posts · 9 votes
2y
Quote from @Ian Ippolito:

Quote from @Bradley Rosenberg:

Quote from @Lauren Sanford:

@Bradley Rosenberg are you looking for funds that you can invest in or places to purchase notes?
I am looking for a place where i can see various note fund offerings at once sort of like etfdb.com where all the fund options are presented. Any thoughts on if something like this is available?
The details for virtually all of the funds are generally protected under a non-disclosure agreement. And these generally prohibit reposting that confidential info to a public place (i.e. where no NDA is in place). So the asset class is different than investing in public ETFs and any publicly available list like that is not going to be comprehensive.

Having said that...if you're interested in a private version of such a list then private message me.

Ian, how should i reach out to you?
1 Reply
Carlos Ptriawan
Member since 2019 · 7k+ posts · 4k+ votes
2y
Quote from @Bradley Rosenberg:

Is there one website/location that would allow me to review/look through all the various Mortage Note Funds/opportunities? If so could someone please provide me with that information? Thank you.

you can reverse engineering the process , most of these note company are regional or even city wide only, so someone that's offering loan in Alaska would not been able to provide the same in state of Florida for example, so there should be a license that's allowing those company.
Without looking at my email I know which note fund operating in TX , or san diego CA, or Oregon only.
I would say to find the good one you find the advanced investor that already invested for that fund.
1 Reply
Ian IppolitoBusiness Member
Investor · Tampa, FL · Member since 2015 · 1k+ posts · 1k+ votes
2y
Quote from @Bradley Rosenberg:

Quote from @Ian Ippolito:

Quote from @Bradley Rosenberg:

Quote from @Lauren Sanford:

@Bradley Rosenberg are you looking for funds that you can invest in or places to purchase notes?
I am looking for a place where i can see various note fund offerings at once sort of like etfdb.com where all the fund options are presented. Any thoughts on if something like this is available?
The details for virtually all of the funds are generally protected under a non-disclosure agreement. And these generally prohibit reposting that confidential info to a public place (i.e. where no NDA is in place). So the asset class is different than investing in public ETFs and any publicly available list like that is not going to be comprehensive.

Having said that...if you're interested in a private version of such a list then private message me.

Ian, how should i reach out to you?

Bradley, the Bigger Pockets website lets you click on a person's name and then connect to them to communicate via private message/email.
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