Keep Your Note. Sell A Slice. Get Cash Now.
Here’s How It Works (Easy As Cake) 🍰
Need cash—without selling your whole note?
Sell just 24 or 36 monthly payments for a lump sum today.
After that, every payment flips back to you automatically.
Cash this month. Licensed servicer. Escrow closing. Payments flip back to you after.
Overview (why this exists)
You have a seller-financed note, which is clever. It provides monthly payments, but if you need a lump sum of cash—for tuition, a business investment, or an unexpected expense—what can you do without selling the entire note or your belongings?
With Obsidian Prive, you sell only a slice of your future payments (typically 24 or 36 months) for cash now. A licensed servicer routes those payments to us during that slice, then flips them back to you. We handle escrow, paperwork, and recordings—so you can breathe.
The Cake Analogy (kid‑easy)
Your note is a cake with many slices (each slice = a monthly payment).
You can sell us the next 24 or 36 slices at a fair, discounted rate.
We enjoy those slices now; the whole cake flips back to you after.
If the cake gets bought early (your borrower pays off), our slices are paid out first, and you get the rest immediately.
What You Get vs What You Give
You get:
- Cash now for the next X payments (usually 24–36; 48-60 by request)
- Less stress: licensed servicer collects—no chasing checks
- Long‑term upside: you keep the note after the slice ends (and any balloon after your slice)
You give:
- Those X monthly payments route to us via the servicer
- A discount (cash today is worth more than future dollars)
- Temporary control shift: the servicer runs the payment train during the slice
Fast Numbers (simple examples)
Example A (smaller payment)
Buyer pays $1,200/mo (P&I)
24 months = $28,800 face
Typical lump sum today: about 70% ≈ $20,160 (varies by docs/value/seasoning)
Month 25+: all payments flip back to you
Example B (bigger payment)
Buyer pays $10,000/mo (P&I)
24 months = $240,000 face
Typical lump sum today: ~70% ≈ $168,000 (subject to diligence)
Month 25+: all payments flip back to you
Note: For 24 to 36 months, sellers often still receive about 70% of the face value for clean, seasoned files. For 48 to 60 months, the percentage can be between 65% and 70%, depending on the file and market.
Why Sellers Love This
- Liquidity without losing the whole note
- Speed: many close in ~10–15 business days (on clean files)
- Simplicity: no appraisal, no showings, no borrower interviews
- Choice: 24 vs 36 (most popular); and 48- 60 by request Full note sale is optional
How It Works (step‑by‑step)
Quick chat + doc peek (1–2 days)
You share basics:
- P&I amount,
- Months left,
- Pay history,
- Taxes/Insurance status.
- We confirm it’s a clean first lien and enforceable.
Your 2‑option offer (24 vs 36)
- Clear side‑by‑side numbers so you can pick what fits.
- Want 48-60? We’ll show it on request.
Servicing setup
Licensed servicer sends “hello” letters and remits the next X payments to us; after X, everything flips back to you automatically.
Escrow closing (10–15 business days)
Title/escrow holds funds and docs, pays you, and records a collateral assignment so everyone knows who gets paid when.
Money in your bank
You receive your lump sum; the servicer starts remitting monthly to us for the slice, then to you again.
What If The Borrower Pays Off Early?
We use a “first‑out” make‑whole schedule (Unpaid Investment Balance, or UIB).
If your borrower sells or refinances during the slice, the servicer first pays our remaining balance; the rest goes to you immediately.
Translation: you’re not stuck—you still get your share right away.
Is This Right For You?
Great fits:
1. You want cash now, but don’t want to sell your entire note
2. 6–24 months of on‑time payments (seasoning improves pricing)
3. Taxes/insurance current;
4. Documents clean;
5. First lien
Not a fit (for now):
1. Non‑performing (borrower behind)—get it re‑performing first;
2. Balloon due inside the next 12–24 months, and you want a slice that crosses it (we’ll shorten the slice or consider a full sale);
3. Very few payments left (<6 months); and
4. Wraps with a shaky senior loan you won’t escrow (we require servicer‑escrowed senior payments).
Risks (real talk) + How We Handle Them
- Early payoff: Covered by the make‑whole/first‑out schedule; you still get your remainder right away.
- Doc gaps: Missing assignments/allonge? We check early and either fix or adjust the price, or pause.
- Taxes/HOA surprises: We verify and cure at closing or escrow a holdback.
- Wrap risk: If there’s a bank loan under your note, we’ll only proceed if the servicer escrows and pays the senior first each month.
What You’ll Need To Provide
1. Promissory note + mortgage/deed of trust (scan)
2. Payment history (servicer statement or simple ledger)
3. Taxes and HOA status (if applicable)
4. Evidence of current hazard insurance
5. Any modifications/forbearances
Honest Costs (and who pays what)
We typically cover:
- Servicer setup,
- Recording,
- Standard escrow fees
Your lump sum is a discount to the face value of the payments you sell (that’s the trade‑off for cash now) and you never pay us up front
Tiny Case Study (illustrative)
$1,200 P&I; 36 payments (face $43,200)
Lump sum today at ~70%: ≈ $30,240
We receive the next 36 payments via the servicer
Month 37+: all payments flip back to you
If the payoff happens in month 18, our remaining balance is paid first; you get the rest right away
FAQs
Do I lose my note?
No. You sell only a defined set of payments. After that, all payments flip back to you automatically.
Do I keep my balloon?
Yes. If your balloon occurs after the slice, you keep it. From any payoff, our remaining balance is paid first; the remainder—including any balloon—goes to you.
How fast do you close?
Often 10–15 business days on clean files.
Do I need an appraisal?
Typically no. We verify value/title, not a formal appraisal.
Who collects the payments?
A licensed loan servicer. You don’t chase checks.
What if my note is in Florida?
Great—we’ll also run a municipal lien search (utilities/code/permits) to avoid surprises.
Why Talk To Us Now?
Knowing your numbers costs nothing—and puts you in control. If the terms make sense, you get cash this month. If not, you keep collecting, and we’re here when you’re ready.
Not legal or tax advice.
Offers depend on documents, property value, and payment history.
We close via licensed escrow/title and use licensed loan servicers. Early payoff protection is documented via a make‑whole (UIB) schedule. We do not contact your borrower.
Get My 2‑Option Offer
“Answer 6 quick questions and we’ll send your 24 vs 36‑month options within 24–48 hours. No obligation.”
Please answer the following in the "comments" section of the form below.
Do you hold a seller‑financed note? [Yes/No]
Property state
Monthly P&I
Months remaining
On‑time pays (last 12 months): [3–6 / 6–12 / 12+]
Taxes/insurance current? [Yes/No/Unsure]
HOA? [Yes/No]
Not sure Yet? Download The Seller's Guide To Partial Note Sales HERE and decide after!