With a direct principal buyer: an indication of interest within days of receiving the loan tape, and a close within days to a few weeks of a signed purchase agreement. A competitive process runs months; a foreclosure runs 12–24 months.
| Path | Indication | Close |
|---|---|---|
| Direct principal buyer | Within days of the tape | Days to a few weeks from PSA |
| Competitive process / advisor | Weeks (after marketing) | Months |
| Foreclosure to REO | n/a | 12–24 months |
Every month a non-performing credit sits on the books accrues carrying cost, reserve drag, and management time, and exposes the asset to value erosion. Closing in weeks instead of quarters preserves that value. Quantify it with the loan-sale-vs-foreclosure calculator and the OREO carrying-cost calculator.
A direct, all-cash note sale: share the tape now, take an indication within days, and close within weeks under a standard purchase agreement — fast enough to clear a quarter- or year-end reporting date.
Foreclosure involves legal process, timelines that vary by state, possible borrower defenses, and then a separate REO marketing and sale — commonly 12 to 24 months, with carrying cost the entire time.
From a signed purchase agreement, yes, once confirmatory diligence on documents you already hold is complete and the PSA is executed. Standing Bid Capital is a direct principal buyer of CRE loans, discounted payoffs, and REO — $250K–$25M, all-cash, no re-trade, confidential. Request a confidential review.