PMI Funding Corporation is an Albuquerque, New Mexico, USA based mortgage company that specializes in loans secured by commercial real estate located anywhere in the U.S.  Loan amounts range from $50,000 to $1.5 million and higher.  We can arrange financing to borrowers who own commercial real estate properties and, for various reasons, may not meet the more stringent underwriting criteria imposed by banks.  We are equity driven and the numbers have to make sense.

We specialize in more difficult or non-traditional situations and work diligently to fund the loans.  We utilize private investors and lenders who compliment our programs.  We represent borrowers who may not qualify under conforming guidelines or the real estate properties do not fit in the box of a bank.  The main consideration is the property itself: its location, type, use, marketability, value and equity.  The borrower has to have a reasonable plan and show the ability to repay the loan.

PMI Funding obtains most of its loan requests from mortgage brokers, but we also work directly with borrowers.  We accept commercial loan packages from anywhere in the U.S.  We will consider commercial loans up to $15 million. Brokers may submit a summary by clicking on Submit Loan

 

 

     We have introduced a "reverse mortgage" loan program on commercial real estate!  The residential markets have been writing reverse mortgages for years.   We offer a reverse mortgage loan that will pay cash-out and a monthly payment to the borrower for a determined period.

 

     If you own or have listed a commercial property such as a land, subdivisions, apartment complexes, income type properties, etc., we can offer cash upfront plus a monthly cash flow up to a five year term.  The property must be sold within a five year period.

 

     Example:  Owner had commercial land listed for $700,000 and needed $75,000 cash plus $2000 monthly.  We offered a five-year term.  Property must be sold within 5 years to pay off reverse mortgage.   The mortgage note is amortized in "reverse" from the $75,000 amount.

 

     Example:  Owners with medical challenges have a 36-unit apartment complex in need of repair.  We will disburse $125,000 as work is completed plus $2500 monthly to assist in medical expenses.  When property is repaired, seller will list for sale.  The future sale will pay off the mortgage note.

 

 

 

 

 

 

Referral (1pt) Paid to Mortgage Brokers, Realtors, CPAs, Attorneys & Financial Planners, etc.

 

 For more information - - -

 

Ron Heinze at 505-275-2244.

 

PMI Funding Corporation
4113 Eubank Blvd., NE Ste. 200
Albuquerque, NM  87111
505-275-2244
505-213-0150 fax
 

Contact:  Ron Heinze
rheinze@pmifunding.com