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What is a Real Estate Note?
A real estate note is the contract between two parties that sets out the terms of the loan allowing one party to borrow the capital needed to purchase a property. The party providing the capital owns the real estate note and will receive payments on the loan. Real estate notes can be created in a variety of ways including promissory notes, land sale contracts, mortgages, or contracts. These contain the terms of repayment between the two parties.
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Real Estate Note Sales
Chicago Real Estate Resources (CRER) is often asked by banks and other lending institutions to market performing and non-performing notes. With great diligence, CRER will assess the available notes and work to match them to the most appropriate buyer. In the quest to find a fitting match, CRER’s team uses a combination of in-depth market research and a well-established business network for finding the right buyer. This detailed process ensures that the final outcome is beneficial to all parties involved.