SilverLeaf Financial will sell 321 single-family mortgages it acquired from a private investor last week, according to a corporate release. The notes range in value from $60,000 to $100,000. Interested investors can buy as many or as few notes from the portfolio as they require – directly from SilverLeaf, according to their release. The properties are located primarily in Indiana and Ohio, and all are non-performing. Before these for-sale signs went up, SilverLeaf worked with larger investors that required a minimum payment of $500,000, but these will be sold for around $0.20 to $0.30 on the dollar, attracting the attention of “Average Joe” investors, according to the release. “It would be too time-intensive for us to do 321 separate work outs on all these notes,” said CEO Shain Baldwin. “Each one takes time, and would have to be dealt with individually. We are selling them or ‘re-trading’ them to create some liquidity on our side.” SilverLeaf acquired more than $150m in face value notes and “worked out” 65% of them. The Utah-based private equity firm will continue to purchase performing and non-performing notes from the FDIC and other financial institutions using income-producing commercial properties as collateral. Write to Jon Prior.