About Commercial Note Brokers

Commercial Note Brokers (CNB) is an entity devoted to the repositioning of commercial banks in the United States by individually marketing bank's underperforming or non-performing debt secured by commercial real estate.  Banks (typically the note-holder) will allow CNB the exclusive right to market these notes to the public via internet marketing or other marketing channels. The commercial notes shall be offered at a price acceptable to the note-holder.

CNB requires that banks or note-holders provide full and complete disclosure regarding the notes including the borrower(s), underwriting, appraisal, conditions and collateral securing the debt. CNB shall be authorized to provide the same disclosure to the potential purchasers (buyers) of the notes.  Banks shall execute a binding non-disclosure and confidentiality agreement protecting their institution and CNB’s proprietary systems. 

In order to review commercial bank notes for sale listed on the CNB website, prospective buyers will need to register on the CNB website.  In this registration process, prospective buyers will need to execute a confidentiality agreement and submit their information through a secure environment to qualify to view details of confidential information on individual notes.

The goal off CNB is to provide the banks that hold these notes an avenue (previously non-existent) to reach potential note buyers.  Historically, these notes have been bundled and shopped only to large pool investors with tens of millions or hundreds of millions of dollars to invest. Through this system, banks have had to take whatever price they could get to divest these assets when required to by regulators.

The CNB system will allow banks to market individual notes, thus enabling the bank to eliminate the most troublesome assets without having to package better deals as an inducement.

This is a system that will speed the process and cut costs and may save the institution from forced liquidation.

We also work with plenty of partners in the mortgage space - especially those in the forward and reverse mortgage space.  Harp loans California are designed to help homeowners underwater on their residential notes to refinance.