Question About A Well-Secured Performing Note Paying 12%?

[Chad Moore]

Hello-

Thank you everyone for making this site such a valuable and informative resource.

I'm involved with a performing note that is currently paying 12% interest.  There is approximately 17 years remaining on the note term.  The note is very well secured by owner occupied real estate.  

My question is as follows: is it reasonable to sell this note at a slight premium (ie. say 5% to 10%) to the unpaid balance due to the higher interest rate and good collateralization?

Thank You!