NEW OFFERINGS

Call 505-275-2244

August 18, 2008

See Definitions

Appraisal Files
http://pmi.critical-edge.net

Please note:  You may send your email address to us and we will
contact you when we have New Offerings.
rheinze@pmifunding.com

NEW- First Position-SOLD
Commercial Bldg. Albuquerque, NM
3014  4th Street, NW
Approx 4300SF heated and cooled

$85,000 Loan amount
$896 monthly at 12% for 60 months    
Value approx $325,000
26% LTV
Good payor
Owner operates elevator repair business
since 1982 in this location.

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NEW- First Position- LOAN AMOUNT LOWERED.
40 acres land north of I-40 on Rio Puerco County Road 36, NM
West of Albuq. 1 mile north of I-40 near Route 66 Casino
Parcel located in subdivision.

$150,000 Loan amount
$1500 monthly at 12% for 36 months    
$500,000 - Appraisal
30% LTV
Good payor & pay history

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NEW- 1901 Foothill Road SW Albuquerque
40% LTV
Rental home 892sf, 1bd, 1ba, 1 car

$42,800 Loan amount
$441monthly at 12% for 60 months
$107,000 appraised
40% LTV

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NEW- 1292 South Oak Street, Bernalillo
40% LTV
Rental home 1826sf, 3bd, 2ba

$48,400 Loan amount
$498 monthly at 12% for 60 months
$121,000 appraised
40% LTV

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First Position - On hold
Duplex, Belen, NM

$64,000 Loan amount
$660 monthly at 12% for 24 months
$120,000 estimated value
Newly built duplex- rented
Rental
53% LTV
Good payor

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NEW- First Position
Two 3/4 acre lots, Elephant Butte, NM

$75,000 Loan amount
$750 monthly at 12% for 24 months
$120,000 estimated value
Residential lots with city utilities
63% LTV
Good payor

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New
400 Block of San Mateo Blvd NE,   Albuq NM
Construction loan of commercial retail bldg.
5470 sf lot size -  4974 sf two story bldg.

$280,500 Investor Amount
$275,000 Note amount
$2805 monthly - 12% - 12 months

$440,000 approx value completed
65% LTV
Good credit borrower
Owner-occupied
Funds will be held by title company and disbursed in draws.

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600 Douglas Street, Las Vegas,  NM
Commercial Building

$350,000 Loan amount
$3500  monthly - 12% - 24 months

$1.2 million estimate value
29% LTV

600, 602, 604 Douglas Avenue
Las Vegas, New Mexico
Offered at $1,200,000.00
The building has approximately 33,000 sq ft., is three levels with a full basement, ground floor and second floor. Built in 1899. The present owner has received approval for Federal and State tax Credits in proportion to the renovation costs. Presently the restaurant and one retail space is available for rent and architectural plans are available for 11 high end apartments up stairs.

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The Baca Mansion, Las Vegas,  NM
505 Old National Road
The Baca Mansion-near the college
Investment Home

$315,000 Loan amount-1st position
$3150  monthly - 12% - 48 months

3000 SF  on 2 acres
$1,200,000 estimate value
35% LTV


This outstanding historical property is located on the site of the famous Baca Mansion which was built around 1853. The original structure suffered substantial damage from neglect and misuse. Over the years the home received numerous changes and renovation leaving the original home highly modified. Now consisting of newly renovated and upgraded home of 3 bedrooms, 2.25 baths adobe with attached 1 bedroom, 1 bath guest quarters this home reflects the charm and character of prestigious homes of the past.

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New - Real Estate Contract
59 El Paseo, Belen, NM
3 bd, 2 ba - approx 1680sf on1.25 acre.
$61,500 -investor price - 11% yield
$571 monthly - 9% - until paid in full

1st position
$89,000 Sales Price
$15,000 cash down
83% LTV
 

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NEW
City of Los Lunas, NM
1.3 acre lot, 1.1 acre lot, 1.1 acre lot, 1.8 acre, 1.3 acre lot and 1.6 acre

$250,000
$2500 monthly
12% with a 24 month balloon

$416,500 appraised value
60% LTV

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Gallup, NM - Refinance of 5 rental homes
$55,000 to 85,000 each loan amount
12% - interest only with a 5 year balloon.
65% LTV
Homes are remodeled and rented. 
Good payor- We have several loans with this borrower
and he pays well.
 

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