Private debt.
Collateral-backed
yields.
Picksur Homes buys performing and sub-performing mortgage notes, sells performing notes to investors seeking stable yield, and brokers notes that fall outside our buy-box to a vetted network of buyers — connecting capital to the right deal at every stage of the note lifecycle.
What is a
mortgage note?
A mortgage note is the legal instrument a borrower signs when taking out a home loan — it's the promise to repay. When banks and credit unions need to clean up their balance sheets, they sell these notes, often at a discount to face value.
That's where Picksur Homes enters. We acquire these instruments, typically secured by a first-lien position on the underlying real property. The discount creates our yield. The real property is our floor.
The original loan amount owed by the borrower — what we'd collect at full payoff.
What we pay for the note — typically 60–80 cents on the dollar, creating instant equity.
First lien means we're paid before any junior creditor in the event of default.
The structural
case for notes.
First-Lien Security
Every note in our portfolio holds a first-lien position on the underlying real property. In the event of borrower default, our position is protected before unsecured creditors and junior lienholders — with the physical asset as our backstop.
Double-Digit Yields
Our current portfolio averages 11.3% annualized returns with monthly distributions to investors. The discount we acquire notes at creates built-in yield from day one — independent of interest rate fluctuations.
Non-Correlated Returns
Mortgage note performance is tied to real property values and borrower behavior, not equity markets. Our returns don't swing with the S&P 500, making notes a genuine diversification tool for your capital.
Active Management
Our Chicago-based team handles all note servicing, borrower communications, loss mitigation, and legal proceedings. You receive distributions — we manage the complexity.
From acquisition
to distribution.
We acquire notes directly from banks, credit unions, hedge funds, and private sellers at a discount to face value.
Every note is evaluated: borrower payment history, property value via BPO, lien position, local market conditions, and legal standing.
Investors participate through a promissory note or LLC interest, secured by the underlying real estate asset. Terms defined up front.
Borrower payments flow through our licensed servicer. Monthly distributions are sent directly to investor accounts.
Notes mature, are sold on the secondary market, or resolved through our legal framework — with capital and gains returned to investors.