Through the Dutch auction, a Real Estate Note is sold to investors with a fixed interest rate determined through the auction at the original issue. .

Investor gets a monthly payment on a Real Estate Note which is interest plus principal for a duration of the note or until the mortgage is paid off early. At that point, investors receive the remaining balance of the note principal back. The mortgage owner or broker will continue to be responsible for the customer service, loan servicing and any other loan related activities.

Pricing Real Estate Note

At any time investor might want to sell the note holdings at the market price. The price is determined by a discount or a premium of the original value of $100 and will depend on changes in the risk profile associated with the loan and level of risk free interest rate.

Payment Management

At all times, IRESE maintains a record of interest payment obligations and facilitates the required transaction for payment to be distributed from the mortgage owner to investors on record on the exchange.