Mortgage Note Capital vs Amerinote Xchange
Amerinote Xchange is one of the most established names in note buying, with a broad appetite spanning performing and non-performing paper, first and second liens, and bulk portfolios. Here's an honest look at how we compare for an individual note holder deciding where to sell.
| Feature | Mortgage Note Capital | Amerinote Xchange |
|---|---|---|
| What they buy | Performing & non-performing private mortgage notes, owner-financed notes, land contracts, promissory notes | Performing & non-performing notes; 1st and 2nd liens; also buys bulk portfolios |
| Lien position | First liens preferred; seconds case-by-case | First and second liens |
| Founded / track record | Founded by Adam Lambert; direct buyer focused on individual sellers | Operating since 2006; reports $800M+ in notes purchased |
| Typical purchase size | Individual notes and small portfolios | Reported range roughly $25K–$5M; active in portfolios |
| Reported funding speed | Typically 14–30 days | Markets funding in roughly 15 days |
| Geography | Nationwide, with deep focus on Texas and the Southeast | Nationwide; based in San Francisco, CA |
| Direct buyer or broker | Direct buyer | Direct buyer and portfolio manager |
Two direct buyers with overlapping appetites
Both Mortgage Note Capital and Amerinote Xchange are direct note buyers — meaning you're selling to the party that actually holds the note, not a broker who marks it up and re-sells it. Both buy performing and non-performing notes, and both will look at owner-financed residential paper, which is the most common note an individual seller holds. For many sellers, either could be a reasonable home for a note.
Where Amerinote Xchange stands out
Amerinote has been buying since 2006 and reports more than $800 million in notes purchased, which reflects real scale and longevity. They're comfortable across first and second liens and they actively buy bulk portfolios, so a seller with a large book or a basket of seconds may find them a natural fit. They market a roughly 15-day funding timeline. If you're an institutional-style seller with portfolio volume, that scale is a genuine advantage.
Where Mortgage Note Capital fits
We're built around the individual note holder — the person who sold a house on terms and now wants a lump sum. That focus shows up in how we work: a single point of contact, a transparent valuation you can understand, and a free note value calculator so you can see an estimated range before you ever talk to us. We have a deep focus on Texas and the Southeast, the regions where the most owner-financed notes are created and where fast non-judicial foreclosure supports strong pricing.
How to decide
- Selling a large portfolio or a stack of second liens? Amerinote's portfolio experience is worth a look.
- Selling one note (or a few) and want a clear, walked-through process? That's exactly what we do — and we'll tell you honestly if your note isn't a fit for us.
The smartest move when selling any note is to get more than one quote. Because we're a direct buyer focused on individual sellers, we encourage you to compare. Use our calculator, request a free quote from us, and weigh it against any other offer you receive.
What both buyers will ask for
Whichever direction you go, the diligence is similar, so prepare once and you're ready for any buyer. Expect to provide the original promissory note, the recorded mortgage or deed of trust, the original closing statement, a payment history (ideally from a servicer), proof of insurance, and current title information. Both buyers will value the note on the present value of its remaining payments, then weigh the interest rate, seasoning, equity (loan-to-value), lien position, the property, and the state's foreclosure process. A clean, complete file speeds either path.
A note on price comparisons
When you compare two offers, look past the headline number. Ask each buyer: Are you the actual buyer or will you re-sell my note? Is the offer firm or subject to change after diligence? Who pays closing costs? How long to fund? A slightly lower offer that's firm, transparent, and fast can net you more than a higher number that erodes during diligence. Run both offers against the range from our note value calculator so you can judge them on the same footing — that's the fairest way to decide, and it's exactly the kind of transparency we're built around.
Which seller is the better fit for each buyer
Think about who each buyer is built to serve. Amerinote's scale and willingness to buy second liens and bulk portfolios make them a natural counterparty for an experienced investor unwinding a book of paper, or for a seller holding multiple notes at once. Their portfolio-management orientation is genuinely useful at that level. Mortgage Note Capital, by contrast, is built for the individual who sold one property on terms and now wants to convert that single note into cash — a seller who values a clear explanation, a single point of contact, and no institutional runaround. Neither model is universally "better"; they serve different sellers. If you're somewhere in between — say, two or three notes — get quotes from both and let the numbers and the experience decide. Because we focus on individual notes and price transparently, we're confident our offer will stand on its own, and we'll never pressure you to accept it. The goal is simple: that you walk away knowing you got a fair deal, wherever you ultimately sell.
The bottom line
Amerinote Xchange brings scale and portfolio depth that suit larger or institutional sellers, especially those with second liens or bulk books. For an individual holder of an owner-financed note who wants a transparent, walked-through sale — and competitive pricing on Texas and Southeast paper — Mortgage Note Capital is built for exactly that. Get a quote from both and compare.