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25+ years in note lending · $25M+ funded

Own a mortgage note? You don't have to sell it to get cash.

Keep your note. Keep your income. Get cash without owing a dime in taxes, because it's a loan, not a sale.

No obligation
No personal guarantee
Keep 100% ownership
Close with your own attorney
$0
Taxes owed
A loan, not a sale. You don't owe the IRS a dime.
100%
Your note stays yours
Keep collecting payments while you access cash.
72hrs
To funding
Submit your documents and we can fund in as little as 72 hours.

Get funded in 72 hours

A streamlined process designed to get you funds quickly with minimal paperwork.

01

Share your note details

Complete our secure intake form with information about your note and underlying property. Takes 5 minutes.

02

Review your proposal

We'll analyze your note and send you an offer within 72 hours. No obligation.

03

Provide documentation

Submit required documentation including the original note, payment history, and property details.

04

Get paid

Once you accept and we verify documents, we wire funds directly to your account. Close through your own attorney, or let us handle everything.

Your Numbers

See what selling really costs you.

Enter your note details below. The math speaks for itself.

$

The current unpaid balance

%

The annual rate on the original note

$

Your best estimate is fine

$
Real Results

How note holders are using their equity, without giving it up.

Real deals. Real numbers. Names changed to protect privacy.

Transparent Pricing

Simple, honest pricing. No hidden fees.

Here's exactly what it costs.

Interest rate
12%
Origination

Covers admin, doc prep, and servicing

3 points
Underwriting/Closing Costs
$575
Recording Costs
$250
Personal Guarantee
None

Your note secures the loan. See common questions for more information about note seasoning and states we lend in.

Common questions

Everything you need to know about hypothecating your private note.

Not ready to get a proposal? No problem.

Leave your info and we'll send you a quick overview of how it works. No obligation, no follow-up calls.

No spam. No hard sell. Just helpful info.

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Our Team

Victor Wagner, CPA

Victor Wagner, CPA

Tax Strategy & Compliance

Victor earned his MBA from Baylor University and has been investing in real estate since 1982. His career spans public accounting, real estate ownership, finance, and development. He's a CPA, licensed real estate broker, former mortgage insurance underwriter for banks, licensed mortgage broker, and active mortgage note investor with over $25 million in note originations.

Alejandro Duque

Alejandro Duque

Strategy & Operations

Alejandro is a University of Florida graduate, licensed real estate broker, and real estate investor. He spent seven years as a Financial Analyst at Google, supporting the ads business and YouTube's content acquisition team, before leaving to focus on real estate full time. He founded a commercial real estate firm focused on value-add multifamily and small bay industrial development in Virginia.

Claudia Euler

Claudia Euler

Client Relations

Claudia is the first point of contact for every note holder who reaches out to First Note Capital. She manages client communications, coordinates the proposal process, and makes sure every borrower feels informed and supported from the first conversation through closing. Since launch, she has handled over 100 client interactions across email and document coordination.

More Than a Lender

We're active real estate counselors and exchangors. Our goal is to build long-term relationships with our clients, not just close a transaction. Even if you're sitting on a non-performing note and aren't sure what to do with it, reach out. We may be able to help, or at the very least point you in the right direction.