What is a discounted payoff?

A discounted payoff is when the lender accepts less than the full balance to release the loan, usually because the property is being sold for less than what is owed.

Does the lender have to approve a short sale?

Yes. If the sale price will not pay the loan in full, the lender must agree to release its mortgage.

Can you talk to the lender for us?

We will provide our written offer and proof of funds to the lender. The owner and the owner's attorney stay in control of the negotiation.

Is a short sale faster than foreclosure?

Usually. A negotiated sale can close in about 30 days once the lender approves, while foreclosure in these states runs through the courts.

Do you buy the loan or the property?

Either. We can buy the note from the lender or the property from the owner, whichever is cleaner.

For lenders and borrowers

A buyer who helps lenders and owners avoid foreclosure.

When a commercial loan is in trouble, Belcz Group can buy the property directly from the owner and pay the lender at closing, through a short sale or discounted payoff. Both sides avoid the time and cost of foreclosure, and the lender gets a defined payoff on a defined date.

How a workout sale works

We agree on an as-is price with the owner. If the price covers the loan, the lender is paid in full at closing. If it does not, the lender reviews our written offer and decides whether to accept a discounted payoff.

Because we use our own capital and have no financing contingency, the lender can rely on the closing date.

Why it is often better than foreclosure

Faster than a court-supervised foreclosure in NY, NJ or CT
The lender avoids owning, insuring and managing the property
The owner resolves the debt with less damage and more control
One written offer that both sides can review

How it works

Send the information

Share the address or loan description and whatever documents you have. Partial files are fine.

Receive a written offer

We review it directly and send written terms within 2 business days of receiving the information.

Close as-is

Thirty days is typical, faster when title allows, or on your timeline. No financing contingency.

Frequently asked questions

What is a discounted payoff?: A discounted payoff is when the lender accepts less than the full balance to release the loan, usually because the property is being sold for less than what is owed.
Does the lender have to approve a short sale?: Yes. If the sale price will not pay the loan in full, the lender must agree to release its mortgage.
Can you talk to the lender for us?: We will provide our written offer and proof of funds to the lender. The owner and the owner's attorney stay in control of the negotiation.
Is a short sale faster than foreclosure?: Usually. A negotiated sale can close in about 30 days once the lender approves, while foreclosure in these states runs through the courts.
Do you buy the loan or the property?: Either. We can buy the note from the lender or the property from the owner, whichever is cleaner.