Mercury Treasury for Real Estate Reserves: What to Know First
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A deal that holds a large reserve can leave that cash idle in checking or move it to a product that pays more. Mercury Treasury is that product at Mercury. This post covers what it is, what it is not, what it costs and the questions a sponsor should answer before reserves go there. Facts come from Mercury's own pages, read November 3, 2026.
What Mercury Treasury is
Mercury's checking and savings are deposit accounts held through partner banks. Mercury Treasury is different: Mercury's page says the account is held in your name at Apex Clearing Corp, a broker-dealer partner, and is offered by Mercury Advisory LLC, an investment adviser. Mercury says it is a fintech company, not an FDIC-insured bank. The money sits in funds, so the value can move.
Who can use it
Mercury's Treasury page says it is available to users with balances over $250,000 across all Mercury accounts. Many small deal accounts never reach that level. If your deal holds less, the question is moot until the balance grows.
What it costs
Mercury says there are no fees to open an account or transact with Treasury. A monthly charge applies to your Treasury positions at a rate of 0.15% to 0.6%, depending on total Mercury deposits. The page also cites yields of up to 4.10% net for the Ultra-Short fund and says that is an annualized target, not a guarantee. Treat any rate as a snapshot: it changes, and the number you earn after the charge is the number that matters.
How fast you can get cash back
Timing depends on the fund. Mercury says the Government Money Market fund is available the same day if you start the transfer by 3 p.m. ET, subject to partner processing times. The Ultra-Short fund is available one to two business days later and can take up to four. If a roof, a payment to the lender or a quarterly distribution is due, keep that money in checking.
Questions to answer before reserves go there
- Does the loan say where reserves must sit? Lenders often hold replacement reserves themselves or require specific accounts. Ask your lender.
- What does the operating agreement allow? Some agreements limit where company cash can be invested. Ask your own attorney.
- How much can you afford to see move? Funds are not insured against loss. A reserve you must have in full on a known date belongs in an insured deposit account.
- Who can move the money? Set approvals first. See two-person approval on a deal account.
For how FDIC coverage works on the checking side, read FDIC limits for a deal account.
Where Ramp fits
Ramp offers its own checking and investment account, with different terms. See Ramp Treasury for idle deal cash. DoorRaise suggests Mercury when the deal keeps under $25,000 and Ramp at $25,000 or more; the sponsor chooses. Open a Mercury account or apply for Ramp. DoorRaise may earn a referral reward if you sign up through these links: for Mercury, the deal company gets $250 and DoorRaise gets $250 once the account receives $10,000 within 90 days, and Ramp may pay a referral reward. A new deal LLC cannot open Ramp before closing (Ramp needs at least $25,000 in cash), so it opens Mercury first to receive the closing funds and can move to Ramp after closing.
How DoorRaise fits in
DoorRaise helps sponsors raise equity for apartment buildings from their friends and followers under Rule 506(b) or 506(c), and verifies that every investor is accredited. Investors' purchase money goes into escrow at Enterprise Bank & Trust by wire only, and wire instructions appear once escrow is open. The deal's operating account at Mercury or Ramp is a separate account that you open for the LLC and use after closing. Fees: $1,500 to set up (non-refundable), then $5,000 a year from closing (only if the deal closes). See pricing or how it works.
FAQ
Is Mercury Treasury FDIC insured?
No. Mercury says Treasury is not FDIC-insured. It is held at Apex Clearing Corp and covered by SIPC, which protects against broker-dealer failure, not investment losses.
Can the deal LLC open Mercury Treasury?
Mercury lists a balance of over $250,000 across all Mercury accounts as the threshold. Confirm eligibility for your company in the Mercury dashboard.
Should deal reserves go in Treasury?
That depends on your loan, your operating agreement and how soon you need the cash. Reserves with a known date are usually safer in an insured deposit account. Ask your lender and your own attorney or CPA.
Sources
This article is general information as of November 2026, not legal, tax, banking or investment advice. Provider details come from each provider's own public pages and official sources, read on November 3, 2026, and change often, so confirm them before you apply. Ask your own lawyer and accountant. DoorRaise is not a law firm, broker-dealer, investment adviser or funding portal.