At-Risk Commercial Receivables: A Portfolio Sale Framework
At-Risk Commercial Receivables | Seller Decision Framework At-Risk Commercial Receivables: A Portfolio Sale Framework How a lender, owner, or specialty-finance team can t
Read the briefing →Fitzgerald Advisors · Direct portfolio brokerage
Andy Bybee
Owner and Loan-Sale Advisor
At a glance: Owner and loan-sale advisor at Fitzgerald Advisors focused on mortgage notes, whole loans, distressed assets, bridge finance, and commercial portfolio
Fitzgerald Advisors · Leadership
Andy Bybee, owner and loan-sale advisor
Andy Bybee is the public face of Fitzgerald Advisors and a loan-sale advisor focused on complex credit and real-estate finance transactions. Over more than two decades in lending, mortgage notes, distressed assets, bridge finance, and portfolio brokerage, Andy has worked across the buyer and seller side of private-market credit.
His experience includes advising around charged-off receivables, non-performing loan portfolios, whole loans, mortgage notes, bridge loans, construction finance, and specialty-credit opportunities. Through Fitzgerald Advisors, Andy helps qualified sellers define a clear mandate, organize the right information, and approach relevant counterparties without turning the process into a public marketplace. His approach is direct and practical: understand the asset, confirm the evidence, protect sensitive information, and determine whether there is a credible next step.
Evidence and experience
What Andy brings to the desk
These references and transaction patterns clarify experience and process. They are not claims about a specific client, price, recovery rate, or completed transaction.
Professional references
- Professional backgroundMore than two decades across lending, mortgage notes, distressed assets, bridge finance, and portfolio brokerage.
- Public professional referenceLinkedIn profile supplied for professional identity and career reference. View source →
- Mortgage industry referencePublic CMG professional profile used as a corroborating industry reference. View source →
Transaction patterns reviewed
- Whole loans and mortgage notesSeller readiness and qualified-buyer review centered on payment history, collateral, documentation, assignment chain, servicing, and timing.
- NPL and charged-off portfoliosPortfolio screening centered on tape quality, account-level evidence, exclusions, servicing history, and a defined transfer path.
- CRE and specialty financeCommercial-credit review centered on collateral, borrower or obligor information, lien position, servicing, diligence, and counterparties that fit.
By Andy Bybee
Articles and market briefings
54 published articlesCommercial Receivables Sale vs. Factoring: Choose the Right Path
Commercial Receivables Strategy | Sale Versus Financing Commercial Receivables Sale vs. Factoring: Choose the Right Path Questions to frame before treating a commercial r
Read the briefing →Commercial Receivables Due Diligence: What Buyers Review
Commercial Receivables Buyer Diligence | Qualified Mandate Guide Commercial Receivables Due Diligence: What Buyers Review A practical framework for setting a qualified co
Read the briefing →Commercial Receivables Portfolio Sale: Seller Readiness Guide
Commercial Receivables Seller Readiness | Loan Sale Advisor Guide Commercial Receivables Portfolio Sale: Seller Readiness Guide A controlled preparation framework for an
Read the briefing →NPL Portfolio Seller Readiness: Tape, Exclusions, Servicing, and Exceptions
NPL Seller Readiness | Controlled Portfolio Review NPL Portfolio Seller Readiness: Tape, Exclusions, Servicing, and Exceptions What a seller should organize before a qual
Read the briefing →CRE Loan-Position Sale Review: Collateral, Maturity, Workout, and Transfer
CRE Loan Position Review | Seller and Advisor Guide CRE Loan-Position Sale Review: Collateral, Maturity, Workout, and Transfer The evidence a lender or owner should organ
Read the briefing →Judgment Portfolio Transfer Documents: Assignment, Jurisdiction, and Buyer Review
Judgment Portfolio Transfer | Seller Process Guide Judgment Portfolio Transfer Documents: Assignment, Jurisdiction, and Buyer Review How to organize ownership, assignment
Read the briefing →How to Read a Bank Call Report for Loan Sale Advisory
Bank Market Monitor | Loan Sale Advisor Framework How to Read a Bank Call Report for Loan Sale Advisory A bank call report is a screening tool. Read it to decide what evi
Read the briefing →Qualified Buyer Readiness Before Loan File Access
Buyer Readiness | Controlled Diligence What Should a Qualified Buyer Establish Before Loan File Access? Why a clear buy box, capital path, servicing plan, and diligence p
Read the briefing →Sell, Hold, Segment, or Work Out a Debt Portfolio? A Seller Decision Framework
Seller Decision Framework | Portfolio Disposition Sell, Hold, Segment, or Work Out a Debt Portfolio? How portfolio owners can compare the next path before releasing detai
Read the briefing →Auto BHPH Buyer Tape and Collateral Requirements
Auto & BHPH Buyer Fit | Tape and Collateral Auto BHPH Buyer Tape and Collateral Requirements What a qualified auto or BHPH buyer should verify before detailed diligence.
Read the briefing →Auto BHPH Seller Readiness: Titles, Liens, Servicing, and Recovery Records
Auto & BHPH Seller Review | Readiness Auto BHPH Seller Readiness: Titles, Liens, Servicing, and Recovery Records A seller-side checklist for preparing an auto or BHPH por
Read the briefing →Auto Loan Portfolio Buyer Fit: Servicing, Geography, and Recovery Considerations
Auto Loan Buyer Fit | Servicing and Geography Auto Loan Portfolio Buyer Fit: Servicing, Geography, and Recovery Considerations How buyers can evaluate operational fit bef
Read the briefing →Judgment Portfolio Seller Readiness: Ownership, Balance, Records, and Transfer
Judgment Portfolio Seller Review | Readiness Judgment Portfolio Seller Readiness: Ownership, Balance, Records, and Transfer What a commercial judgment seller should organ
Read the briefing →Judgment Portfolio Buyer Diligence: Jurisdiction, Enforcement History, and Collectability Context
Judgment Portfolio Buyer Review | Diligence Judgment Portfolio Buyer Diligence: Jurisdiction, Enforcement History, and Collectability Context A buyer-led framework for re
Read the briefing →Selling a Judgment Portfolio: Assignment, Documentation, and Controlled Buyer Review
Judgment Portfolio Sale | Controlled Process Selling a Judgment Portfolio: Assignment, Documentation, and Controlled Buyer Review How sellers can prepare assignment evide
Read the briefing →NPL Loan Tape Data Quality: Fields, Definitions, and Exception Control
NPL Data Readiness | Tape Quality NPL Loan Tape Data Quality: Fields, Definitions, and Exception Control The controls that make a non-performing portfolio reviewable befo
Read the briefing →NPL Buyer Diligence: Servicing, Legal Status, Collateral, and Recovery Evidence
NPL Buyer Review | Diligence NPL Buyer Diligence: Servicing, Legal Status, Collateral, and Recovery Evidence How qualified buyers can organize evidence review without tur
Read the briefing →Performing vs. Non-Performing Mortgage Notes for Sale: Buyer Review
Mortgage-Note Buyer Mandate | Performing and NPL Review Performing vs. Non-Performing Mortgage Notes for Sale: Buyer Review How buyers can separate payment-stream, collat
Read the briefing →Mortgage-Note Sale Documents: Payment History, Collateral, and Servicing
Mortgage-Note Seller Review | Documentation Mortgage-Note Sale Documents: Payment History, Collateral, and Servicing The file organization checklist that makes a mortgage
Read the briefing →Whole-Loan Buyer Qualification: Buy Box, Capital, Servicing, and Diligence
Whole-Loan Buyer Mandate | Acquisition Readiness Whole-Loan Buyer Qualification: Buy Box, Capital, Servicing, and Diligence What qualified buyers should define before req
Read the briefing →Whole-Loan Sale Process: Data Tape, Diligence, and Transfer
Whole-Loan Sale Advisory | Seller Process Whole-Loan Sale Process: Data Tape, Diligence, and Transfer A practical institutional process for defining the loan pool, prepar
Read the briefing →Receivables Portfolio Sale Guide for Banks and Specialty Lenders
Lender Asset Disposition Receivables Portfolio Sale Guide for Banks and Specialty Lenders A lender-specific framework for evaluating, preparing, and executing a controlle
Read the briefing →Debt Portfolio Servicing Transfer Checklist: Boarding, Cutoff, and Exceptions
Post-Close Operations Guide Debt Portfolio Servicing Transfer Checklist: Boarding, Cutoff, Records, and Exceptions A practical operating framework for moving a closed por
Read the briefing →Debt Portfolio Bid Comparison: Gross Price, Net Recovery, and Terms
Debt Portfolio Bid Comparison: Gross Price, Net Recovery, and Transaction Terms | Fitzgerald Advisors Debt Sale Transaction Guide Debt Portfolio Bid Comparison: Gross Pri
Read the briefing →Debt Portfolio Buyer Qualification Checklist: Capital, Servicing, and Compliance
Seller-Side Transaction Checklist Debt Portfolio Buyer Qualification Checklist: Mandate, Capital, Servicing, and Compliance A practical screen for sellers deciding whethe
Read the briefing →Debt Portfolio Sale Data Room Guide: Uploads, Access, and Cutoffs
Debt Portfolio Sale Data Room Guide: What to Upload, When, and Why | Fitzgerald Advisors Seller Process Guide Debt Portfolio Sale Data Room Guide: What to Upload, When, a
Read the briefing →How Do You Sell Debt? A Lender’s Portfolio-Sale Guide
Lender Portfolio-Sale Guide How Do You Sell Debt? A Lender’s Portfolio-Sale Guide A decision-oriented overview for lenders and institutions considering a controlled
Read the briefing →Debt Portfolio Sale: Loan Tape, Valuation, Bids, and Closing
Portfolio Sale Guide Debt Portfolio Sale: Loan Tape, Valuation, Bids, and Closing A seller-side guide to the transaction mechanics that turn a portfolio review into a con
Read the briefing →Credit Card Debt Portfolios for Sale: Data, Pricing, and Buyer Diligence
Credit Card Portfolio Sale Guide Credit Card Debt Portfolios for Sale: Data, Pricing, and Buyer Diligence An asset-specific seller guide to preparing charged-off credit c
Read the briefing →How to Choose a Debt Broker for a Loan Portfolio Sale
Portfolio Sale Guide A practical framework for evaluating market access, process control, confidentiality, and alignment before engaging a broker for a loan portfolio tra
Read the briefing →Charge-Off Portfolio Pricing: When to Hold, Work, or Sell
Portfolio Sale Intelligence Charge-Off Portfolio Pricing: When to Hold, Work, or Sell Fitzgerald Advisors Editorial Team | Portfolio Sale Education | Draft for review Cha
Read the briefing →Post-Sale Debt Portfolio Risk: Buybacks, Putbacks, and Compliance Controls
Portfolio Sale Risk Briefing Post-Sale Debt Portfolio Risk: Buybacks, Putbacks, and Compliance Controls A practical framework for creditors, sellers, and advisers managin
Read the briefing →How to Sell Charged-Off Debt | 2026 Guide & Pricing Audit
Charge-Off Debt Intelligence | Institutional Guide The Complete Guide to Selling Charge-Off Debt in 2026 Fitzgerald Advisors | Seller-side process, valuation, diligence,
Read the briefing →The 2026 Protocol: Solving Debt Sale Friction with AI
Institutional Intelligence | Expert Briefing The 2026 ProtocolAn Expert Briefing on AI and Standardization in Debt Sales Briefing premise Debt-sale friction often begins
Read the briefing →Judgment Enforcement by State: A Creditor's Protocol
Judgment Enforcement Strategies by State: A Creditor's Protocol You won the lawsuit. The court has issued a money judgment in your favor. As the winning party (the credit
Read the briefing →Investing in Mortgage Notes: The Professional's Playbook
Investing in Mortgage Notes: What you need to know? The internet is flooded with gurus promising that investing in mortgage notes is a simple path to “passive income.” Th
Read the briefing →How to Sell a Debt to a Collector: The Professional's Protocol
How to Sell a Debt to a Collector? You won a judgment or charged off an account. You have a legal right to the money. This is a paper victory. The war, however, is the co
Read the briefing →The Protocol for Commercial Hard Money Lending | Fitzgerald
Commercial Hard Money Lending Key Takeaways Commercial hard money loans are short-term, asset-based loans secured by commercial real estate and approved primarily on prop
Read the briefing →The CRE Maturity Wall: An Expert Protocol for Community Banks
CRE Credit Intelligence | Community-Bank Protocol The CRE Maturity WallAn Expert Protocol for Community Banks The strategic question What should community banks prioritiz
Read the briefing →The Liquidation Threshold: A Guide to Selling Charge-Offs
Charge-Off Intelligence | Seller-Side Decision Brief The Liquidation ThresholdAn Expert Intelligence Briefing The creditor’s dilemma The decision to hold, work, outsource
Read the briefing →Predicting Charge-Offs: The Data Signal Beyond FICO
Fintech Credit Intelligence | Alternative Data Briefing The Data Lag ProblemAn Expert Intelligence Briefing Core insight Traditional credit scores can be useful, but they
Read the briefing →The CRE Valuation Gap: An Expert's Take on Cap Rates
CRE Credit Intelligence | Valuation Briefing The CRE Valuation GapAn Expert Intelligence Briefing Core insight Higher interest rates can change the relationship between p
Read the briefing →The CRE Maturity Wall: A Deep Dive on Distressed Bridge Loans
CRE Credit Intelligence | Distressed Bridge Loans The CRE Maturity WallA Deep Dive on Distressed Bridge Loans Executive Summary Commercial bridge loans approaching maturi
Read the briefing →Loan Workout vs. Sale: The Definitive Guide for Creditors
Creditor Strategy | Workout and Sale Decision Framework The Creditor’s DilemmaA Mandate for Workout vs. Sale The central question Every non-performing loan requires a dec
Read the briefing →First-Time Debt Buyer Readiness
First-time debt buyers should begin with a qualified acquisition mandate, not an inventory request. Before a seller shares detailed files, define the asset types, geograp
Read the briefing →The Off-Market Protocol for Mortgage Notes | Fitzgerald
Mortgage Note Intelligence | Seller-Side Guide Ultimate Guide to Selling Mortgage Notes Online Pricing factors, sale options, buyer diligence, documentation, and closing
Read the briefing →Fintech Debt Strategy | The 2026 Off-Market Protocol
Bad Debt is a Business Choice, Not Just a Homework Problem By Jeffery Hartman | 22nd December 2025 | Balance Sheet Strategy The Big Idea: Move Quietly, Win Fast In 2026,
Read the briefing →Why Delaying a Debt Sale Can Cost Sellers | 2026 Capital Velocity
Why Creditors Delay Selling—and What It Can Cost Them By Jeffery Hartman | 22nd December 2025 | Capital Markets Intelligence Institutional Summary: The Holding Tax Era In
Read the briefing →The Death of the Debt Marketplace 'Compliance Fear Tax': Why the 2026 Protocol Wins
The Debt Marketplace Meltdown: Ending the Compliance Fear Tax By Jeffery Hartman | 21st December 2025 | Institutional Advisory Summary: Shattering the Illusion of Passive
Read the briefing →Debt Sale Compliance Evolution | 2026 Institutional Reset
Institutional Advisory | Compliance and Whole-Loan Sales Debt Sale Compliance EvolutionBeyond Legacy White Papers Executive Summary Legacy debt-sale guides helped institu
Read the briefing →Sun Belt Multifamily Debt Sales | OCC 2025-4 Supervisory Reset
The Sun Belt Multifamily 'Ghost' Portfolios: Asset Management in the 2026 Reset Institutional Intelligence | Fact-Checked & Verified CRE Mandate Executive Summary Institu
Read the briefing →Debt Sale Deliverability & DAV Protocol | 2026 Liquidity Standards
Institutional Intelligence | Deliverability-Adjusted Valuation The Deliverability Crisis: Why Portfolio Performance Can Be Damaged by “Spam Likely” Signals A practical fr
Read the briefing →The Great Liquidity Reset | OCC 2025-4 Debt Sale Protocol
Institutional Intelligence | Market Outlook The Great Liquidity Reset: Why 2025–2026 Is the Era of the Bold Creditor Rescinding the “Fear Tax” of 2014 | Fitzgerald Adviso
Read the briefing →Transaction hub: Sell a Portfolio: debt portfolios for sale
Fitzgerald Advisors · Advisor profile
Mortgage-note information, loan-sale positioning, and confidential transaction coordination.
Fitzgerald Advisors profile · Updated October 2026
Fitzgerald Advisors describes Andy’s focus as mortgage-note information, market positioning, and sale coordination. A mortgage-note review may involve payment records, collateral, document custody, assignment history, servicing responsibilities, and the proposed transaction objective.
Discuss a portfolio mandate · Sell debt portfolios · Buy debt portfolios
A direct broker desk for qualified buyers and sellers of debt, loan, judgment, CRE, note, and specialty-finance portfolios.