Understanding Your Situation
What Happens When a Borrower Stops Paying
The reality of default timelines, costs, and what your options look like at each stage.
Technical Default vs. Maturity Default: What's the Difference and Why It Matters
Two very different problems requiring different solutions. Why maturity defaults are often hidden opportunities.
The True Cost of Foreclosure
Full cost breakdown: legal fees, timelines, property risk, and net recovery math. The numbers most lenders don't calculate until it's too late.
Your Options Beyond Foreclosure
5 Alternatives to Foreclosing on a Defaulted Note
Five paths beyond foreclosure: restructure, sell, joint venture, exchange, or workout. Each with real math and tradeoffs.
How Note Buyers Price Non-Performing Notes
What drives the 30-60% haircut on non-performing notes, and why selling often leaves money on the table.
When Selling Your Note Makes Sense vs. When It Doesn't
A decision framework: when selling at a discount is the right call, and when you're leaving value on the table.
Creative Solutions
What Is a Note Workout?
Restructuring a defaulted loan so the borrower can perform again. How it works, when it works, and the math behind it.
Note-for-Note Exchanges: Trading Problems for Performing Assets
Trading a problem note for a performing asset. How exchanges work, tax considerations, and what makes a good swap.
Joint Ventures on Distressed Notes: Sharing Risk and Upside
How two parties share risk and upside on a distressed note. Structures, economics, and what to look for in a partner.
Exchange Counselors vs. Brokers: A Different Approach to Problem Notes
Brokers find buyers. Exchange counselors find solutions. A different mindset for resolving problem notes.
Protecting Your Position
UCC Filings and Collateral Assignments: Protecting Your Security Interest
What UCC filings are, why they matter for your security interest, and what happens when they lapse.
When to Involve an Attorney (and When You're Wasting Money)
When legal counsel is worth the cost, when it's premature, and what to ask before you hire.
Insurance and Tax Monitoring on Notes in Default
What to monitor when a borrower defaults: insurance, property taxes, HOA dues. What happens if they lapse.
Working With Us
How First Note Solutions Evaluates a Note
What we look at when you bring us a note, how we choose an approach, and what to expect from the process.
Case Study: Resolving a Maturity Default Through Creative Restructuring
A real resolution: maturity default, strong collateral, creative restructuring. How we turned a problem into a performing asset.
Have a note to discuss?
Email us and we'll walk you through resolving problem notes. No hard sell.
proposals@firstnotecapital.comReady to discuss your note?
Pick up the phone and tell us the story. No obligation, no pressure, and every conversation stays in our team.
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