Seven-plus years of writing on hard money lending, private mortgage financing, commercial mortgage-broker strategy, and direct commercial real estate lending.https://pmfpartners.com/en-ushttps://pmfpartners.com/great-month-for-hard-money-loans/https://pmfpartners.com/great-month-for-hard-money-loans/Skating Rink / Day Care Center, Houston, Texas $ 950,000Wed, 14 May 2025 00:00:00 GMTDon Konipol — PMF Partnershttps://pmfpartners.com/exhausted-all-traditional-lending-options/https://pmfpartners.com/exhausted-all-traditional-lending-options/• Low Credit Scores • Bankruptcy • Tenant Vacancies • Property Stabilization Issues • High Debt Ratios • Foreign National • Unique Ownership Structure We Are…Wed, 16 Apr 2025 00:00:00 GMTMitch Vicknair — PMF Partnershttps://pmfpartners.com/another-option-to-consider-for-an-almost-impossible-deal/https://pmfpartners.com/another-option-to-consider-for-an-almost-impossible-deal/If you’re about to give up on trying to obtain new financing for your borrower because of any or all of the following: 1\.Tue, 04 Mar 2025 00:00:00 GMTDon Konipol — PMF Partnershttps://pmfpartners.com/its-possible-to-double-or-triple-your-income/https://pmfpartners.com/its-possible-to-double-or-triple-your-income/It’s Possible to Double or Triple Your Income If you’re not maximizing the following five strategies, you’re not maximizing your earning capabilities, time…Mon, 11 Nov 2024 00:00:00 GMTMitch Vicknair — PMF Partnershttps://pmfpartners.com/stop-spinning-your-wheels-take-a-new-path/https://pmfpartners.com/stop-spinning-your-wheels-take-a-new-path/Like most people, I thought exceptional success in a sales field was due to a unique ability of an individual to somehow “connect”, “convince”, or “persuade”…Thu, 02 May 2024 00:00:00 GMTDon Konipol — PMF Partnershttps://pmfpartners.com/close-non-financeable-loans-creatively/https://pmfpartners.com/close-non-financeable-loans-creatively/CREATIVE FINANCING SPECIALISTS use the following methods to make deals happen where others are unable to succeed. - Seller provides secondary mortgage…Fri, 01 Mar 2024 00:00:00 GMTMitch Vicknair — PMF Partnershttps://pmfpartners.com/better-loan-closings-for-2024/https://pmfpartners.com/better-loan-closings-for-2024/5 –UNDERSTAND YOUR BORROWER’S NEEDS AND DESIRES COMPLETELY. This has to do with the Borrower’s Motivation .Fri, 26 Jan 2024 00:00:00 GMTDon Konipol — PMF Partnershttps://pmfpartners.com/our-rates-remain-low/https://pmfpartners.com/our-rates-remain-low/Hard Money Lenders | Private Mortgage LendersWe lend in all 50 states This year has been a roller coaster for conventional interests rates.Thu, 09 Nov 2023 00:00:00 GMTMitch Vicknair — PMF Partnershttps://pmfpartners.com/looking-for-financing-2nd-quarter-2023/https://pmfpartners.com/looking-for-financing-2nd-quarter-2023/The following are properties we financed First Quarter 2023 Commercial Bldg/ Dance StudioTue, 17 Oct 2023 00:00:00 GMTDon Konipol — PMF Partnershttps://pmfpartners.com/properties-we-financed-first-quarter-2023/https://pmfpartners.com/properties-we-financed-first-quarter-2023/The following are properties we financed First Quarter 2023 Commercial Bldg/ Dance StudioTue, 20 Jun 2023 00:00:00 GMTMitch Vicknair — PMF Partnershttps://pmfpartners.com/what-borrowers-say-and-what-they-really-mean/https://pmfpartners.com/what-borrowers-say-and-what-they-really-mean/Hard Money Lenders | Private Mortgage Lenders We lend in all 50 states 1\. I’m not going to pay any upfront fees……I won’t pay for an appraisal, title report…Fri, 05 May 2023 00:00:00 GMTDon Konipol — PMF Partnershttps://pmfpartners.com/make-deals-happen-part-2/https://pmfpartners.com/make-deals-happen-part-2/BE A CREATIVE FINANCIALING SPECIALIST CREATIVE FINANCING SPECIALISTS create or modify the DEAL STRUCTURE so that a loan within existing LTV parameters will…Tue, 14 Feb 2023 00:00:00 GMTMitch Vicknair — PMF Partnershttps://pmfpartners.com/are-you-a-mortgage-broker-or-creative-financing-specialist/https://pmfpartners.com/are-you-a-mortgage-broker-or-creative-financing-specialist/About 90% of the new loans we finance, and all of the existing loans we buy, are brought to us by “financial intermediaries”.Mon, 06 Feb 2023 00:00:00 GMTDon Konipol — PMF Partnershttps://pmfpartners.com/what-are-they-thinking/https://pmfpartners.com/what-are-they-thinking/10\. “If you make me a loan can I sell it? 9. “Do you care what kind of dog I adopt?”Thu, 17 Nov 2022 00:00:00 GMTMitch Vicknair — PMF Partnershttps://pmfpartners.com/new-lower-rate-good-for-45-days/https://pmfpartners.com/new-lower-rate-good-for-45-days/While interest rates have gone through the roof, WE DECREASED OUR RATE to 9.75% on Hard Money commercial property loans! This rate is good for 45 days.Wed, 12 Oct 2022 00:00:00 GMTDon Konipol — PMF Partnershttps://pmfpartners.com/get-rich-quick-right/https://pmfpartners.com/get-rich-quick-right/You know a borrower just attended a get rich quick real estate seminar when they say: What do you mean you don’t lend on residential real estate?Fri, 23 Sep 2022 00:00:00 GMTMitch Vicknair — PMF Partnershttps://pmfpartners.com/we-have-lowered-our-interest-rate/https://pmfpartners.com/we-have-lowered-our-interest-rate/New Interest Rate Based on Hard Money Lending Criteria We now offer our best borrowers 10% interest on true hard money lending criteria. - Loans are one to…Mon, 29 Aug 2022 00:00:00 GMTDon Konipol — PMF Partnershttps://pmfpartners.com/the-abandoned-mall-epidemic-solution/https://pmfpartners.com/the-abandoned-mall-epidemic-solution/Drive through any decent-sized city or town, and you’re bound to come across those large shopping centers built about 30 – 50 years ago that once were…Fri, 05 Aug 2022 00:00:00 GMTMitch Vicknair — PMF Partnershttps://pmfpartners.com/traditional-lenders-find-better-alternative/https://pmfpartners.com/traditional-lenders-find-better-alternative/Do you have one or more commercial mortgage notes you would like to remove from your portfolio for liquidity and profitability reasons?Tue, 21 Jun 2022 00:00:00 GMTDon Konipol — PMF Partnershttps://pmfpartners.com/our-current-loan-environment/https://pmfpartners.com/our-current-loan-environment/The current loan environment makes it difficult for small businesses trying to bounce back from the pandemic.Tue, 07 Jun 2022 00:00:00 GMTMitch Vicknair — PMF Partnershttps://pmfpartners.com/need-a-loan-fast/https://pmfpartners.com/need-a-loan-fast/Small businesses are still feeling pains from the pandemic. They now have to face high inflation — while still finding it challenging to get approved for a…Thu, 12 May 2022 00:00:00 GMTDon Konipol — PMF Partnershttps://pmfpartners.com/commissions-paid-on-our-funded-loans-to-commercial-mortgage-brokers-the-last-6-months/https://pmfpartners.com/commissions-paid-on-our-funded-loans-to-commercial-mortgage-brokers-the-last-6-months/$100,000.00 Commission Note Purchase $2.8 Million Principal Balance bought for $1.775 Million on Arizona Auto Collision ShopMon, 04 Apr 2022 00:00:00 GMTMitch Vicknair — PMF Partnershttps://pmfpartners.com/we-lend-when-everyone-else-says-no/https://pmfpartners.com/we-lend-when-everyone-else-says-no/Private Mortgage Financing Partners, LLC provides short-term private mortgage financing (hard money loans) secured by investment and commercial real estate.Mon, 17 Jan 2022 00:00:00 GMTDon Konipol — PMF Partnershttps://pmfpartners.com/the-characteristics-of-the-most-successful-mortgage-brokers-i-deal-with/https://pmfpartners.com/the-characteristics-of-the-most-successful-mortgage-brokers-i-deal-with/1\. They contact me with a COMPLETE loan package 2\. They have an executed representation agreement with the borrower 3\.Wed, 15 Dec 2021 00:00:00 GMTMitch Vicknair — PMF Partnershttps://pmfpartners.com/loans-we-funded-2021/https://pmfpartners.com/loans-we-funded-2021/LOAN AMT PROPERTY TYPE PURPOSE 2,050,000 WAREHOUSE REFINANCE MATURING NOTEWed, 01 Dec 2021 00:00:00 GMTDon Konipol — PMF Partnershttps://pmfpartners.com/what-are-hard-money-lenders-looking-for/https://pmfpartners.com/what-are-hard-money-lenders-looking-for/There are general requirements for hard money loans, but they are not set in stone like traditional bank loans are.Mon, 15 Nov 2021 00:00:00 GMTMitch Vicknair — PMF Partnershttps://pmfpartners.com/low-credit-score/https://pmfpartners.com/low-credit-score/If you are an investor with poor credit, many traditional funding sources are not valid options as most banks and mortgage companies do not offer loans to…Fri, 29 Oct 2021 00:00:00 GMTDon Konipol — PMF Partnershttps://pmfpartners.com/expand-your-portfolio-with-pmf-partners/https://pmfpartners.com/expand-your-portfolio-with-pmf-partners/If you are looking to build wealth or expand your portfolio, investing in real estate is an attractive option to accomplish both of these goals.Thu, 14 Oct 2021 00:00:00 GMTMitch Vicknair — PMF Partnershttps://pmfpartners.com/making-of-a-commercial-hard-money-loan/https://pmfpartners.com/making-of-a-commercial-hard-money-loan/1\. Borrower with 520 FICA score and vacant restaurant building in a town of 5,000 people in South Dakota contacts a mortgage broker with the idea that he…Wed, 29 Sep 2021 00:00:00 GMTDon Konipol — PMF Partnershttps://pmfpartners.com/brokers-commission/https://pmfpartners.com/brokers-commission/$1,050,000 Funded on Texas Residential Housing – Mortgage Broker Received $26,250.00 Commission *Fri, 24 Sep 2021 00:00:00 GMTMitch Vicknair — PMF Partnershttps://pmfpartners.com/how-many-mortgage-brokers-does-it-take-to-finance-a-loan/https://pmfpartners.com/how-many-mortgage-brokers-does-it-take-to-finance-a-loan/First, let me state two important disclosures. We are private, hard money commercial mortgage direct lenders, and 90% of our loans originate through mortgage…Thu, 23 Sep 2021 00:00:00 GMTDon Konipol — PMF Partnershttps://pmfpartners.com/mortgage-brokers-double-your-income-without-adding-people-or-overhead/https://pmfpartners.com/mortgage-brokers-double-your-income-without-adding-people-or-overhead/In other words, add revenue that’s almost all PROFIT. How? By bringing a transaction with a VERY LARGE profit potential to your private lender/investor.Mon, 13 Sep 2021 00:00:00 GMTMitch Vicknair — PMF Partnershttps://pmfpartners.com/how-hard-money-helps/https://pmfpartners.com/how-hard-money-helps/Private Mortgage Financing Partners, a “Hard Money” lender differs from traditional financial institutions.Wed, 01 Sep 2021 00:00:00 GMTDon Konipol — PMF Partnershttps://pmfpartners.com/hard-money-for-real-estate-investments/https://pmfpartners.com/hard-money-for-real-estate-investments/Hard money loans can be a great tool for real estate investors. Hard money provides investors who are looking to supplement investment deals with a stable…Mon, 16 Aug 2021 00:00:00 GMTMitch Vicknair — PMF Partnershttps://pmfpartners.com/when-should-you-consider-a-hard-money-loan/https://pmfpartners.com/when-should-you-consider-a-hard-money-loan/When Hard Money Makes Sense You may be surprised to learn why many investors select the private lending path for their commercial financing needs and how…Mon, 26 Jul 2021 00:00:00 GMTDon Konipol — PMF Partnershttps://pmfpartners.com/wave-of-foreclosures/https://pmfpartners.com/wave-of-foreclosures/Millions of Americans took advantage of the payment suspension and mortgage forbearance programs both lenders and the federal government rolled out due to…Thu, 01 Jul 2021 00:00:00 GMTMitch Vicknair — PMF Partnershttps://pmfpartners.com/can-a-mortgage-broker-help-a-borrower-whos-upside-down-in-his-property-and-still-earn-a-success-fee/https://pmfpartners.com/can-a-mortgage-broker-help-a-borrower-whos-upside-down-in-his-property-and-still-earn-a-success-fee/Loan request situations where the borrower owes more than the maximum available LTV for his situation and type of property can actually be the MOST…Mon, 28 Jun 2021 00:00:00 GMTDon Konipol — PMF Partnershttps://pmfpartners.com/we-have-paid-brokers-the-following-commissions-on-our-funded-loans-the-last-6-months/https://pmfpartners.com/we-have-paid-brokers-the-following-commissions-on-our-funded-loans-the-last-6-months/Note Purchase $2.8 Million Principal Balance bought for $1.775 Million on Arizona Auto Collision Shop – Mortgage Broker Received $100,000.00 Commission…Mon, 21 Jun 2021 00:00:00 GMTMitch Vicknair — PMF Partnershttps://pmfpartners.com/difference-between-apy-and-apr/https://pmfpartners.com/difference-between-apy-and-apr/As hard money lenders, we are often asked, “What is the difference between APY and APR.” Both are used to calculate interest for investment and credit…Thu, 17 Jun 2021 00:00:00 GMTDon Konipol — PMF Partnershttps://pmfpartners.com/trending-rise-in-default-loans/https://pmfpartners.com/trending-rise-in-default-loans/With the U.S. trying to get back to a more normal economic basis, and COVID-related SBA loans, loan forgiveness, and foreclosure moratoriums likely to end…Mon, 12 Apr 2021 00:00:00 GMTMitch Vicknair — PMF Partnershttps://pmfpartners.com/getting-back-to-normal/https://pmfpartners.com/getting-back-to-normal/With the U.S. trying to get back to a more normal economic basis, and COVID-related SBA loans, loan forgiveness, and foreclosure moratoriums are likely to…Fri, 02 Apr 2021 00:00:00 GMTDon Konipol — PMF Partnershttps://pmfpartners.com/commercial-mortgage-brokers-5-ways-a-refi-can-be-successfully-concluded/https://pmfpartners.com/commercial-mortgage-brokers-5-ways-a-refi-can-be-successfully-concluded/Commercial Mortgage Brokers: Can a refinance be successfully concluded when the borrower owes more than 80% of the property’s value? Yes…….Five WaysWed, 31 Mar 2021 00:00:00 GMTMitch Vicknair — PMF Partnershttps://pmfpartners.com/are-you-dealing-with-a-broker-disguised-as-a-direct-lender/https://pmfpartners.com/are-you-dealing-with-a-broker-disguised-as-a-direct-lender/In the hard/private lending business, as in the mortgage business as a whole, there are brokers, there are lenders, and there are brokers who attempt to…Wed, 24 Mar 2021 00:00:00 GMTDon Konipol — PMF Partnershttps://pmfpartners.com/soft-and-hard-money-loans/https://pmfpartners.com/soft-and-hard-money-loans/Hard money loans are very similar to bridge loans, with the primary differences being that most hard money loans are made by private companies and there are…Tue, 16 Mar 2021 00:00:00 GMTMitch Vicknair — PMF Partnershttps://pmfpartners.com/commercial-bridge-loans/https://pmfpartners.com/commercial-bridge-loans/Like their name implies, bridge loans are used to “bridge the gap” until long-term financing can be secured for the commercial property.Tue, 09 Mar 2021 00:00:00 GMTDon Konipol — PMF Partnershttps://pmfpartners.com/conduit-cmbs-loans/https://pmfpartners.com/conduit-cmbs-loans/Conduit loans are commercial mortgages that are pooled together and sold to investors on a secondary market.Tue, 02 Mar 2021 00:00:00 GMTMitch Vicknair — PMF Partnershttps://pmfpartners.com/the-top-five-documents-provided-to-me-by-borrowers-that-automatically-killed-their-loan-request/https://pmfpartners.com/the-top-five-documents-provided-to-me-by-borrowers-that-automatically-killed-their-loan-request/5\. Five year projection with all revenue and expenses at 0. 4\. Last two years tax returns showing loses of over $1 million each yearThu, 25 Feb 2021 00:00:00 GMTDon Konipol — PMF Partnershttps://pmfpartners.com/sba-504-loan/https://pmfpartners.com/sba-504-loan/Beyond the 7(a) program, the SBA offers loans specifically for owner- occupied real estate or long-term equipment purchases.Tue, 23 Feb 2021 00:00:00 GMTMitch Vicknair — PMF Partnershttps://pmfpartners.com/sba-7a-loan/https://pmfpartners.com/sba-7a-loan/The Small Business Administration’s flagship loan, the 7(a) loan, can be used to purchase land or buildings, construct new property, or renovate existing…Tue, 16 Feb 2021 00:00:00 GMTDon Konipol — PMF Partnershttps://pmfpartners.com/traditional-commercial-mortgage/https://pmfpartners.com/traditional-commercial-mortgage/Most banks and other lenders provide commercial real estate loans for a variety of properties, including office buildings, industrial buildings, multi…Tue, 09 Feb 2021 00:00:00 GMTMitch Vicknair — PMF Partnershttps://pmfpartners.com/loans-loans-and-more-loans/https://pmfpartners.com/loans-loans-and-more-loans/A variety of commercial real estate loans exist from bank loans to SBA loans to bridge loans. We take a look at some of these options in a series of posts.Tue, 02 Feb 2021 00:00:00 GMTDon Konipol — PMF Partnershttps://pmfpartners.com/the-least-productive-type-of-commercial-mortgage-loan-type-for-brokers/https://pmfpartners.com/the-least-productive-type-of-commercial-mortgage-loan-type-for-brokers/Loan requests that in actuality need equity capital, not debt capital. Hands down. These come in three varieties 1\.Tue, 26 Jan 2021 00:00:00 GMTMitch Vicknair — PMF Partnershttps://pmfpartners.com/economic-recovery-and-hard-money/https://pmfpartners.com/economic-recovery-and-hard-money/PMF Partners believes that during COVID-19 and the subsequent time it will take for our economy to recover, hard money loans for commercial real estate will…Tue, 19 Jan 2021 00:00:00 GMTDon Konipol — PMF Partnershttps://pmfpartners.com/an-influx-of-applicants-for-hard-money/https://pmfpartners.com/an-influx-of-applicants-for-hard-money/PMF Partners have noticed an influx of new applications from borrowers who normally wouldn’t use hard money.Tue, 12 Jan 2021 00:00:00 GMTMitch Vicknair — PMF Partnershttps://pmfpartners.com/borrowers-are-now-looking-into-hard-money-more-than-ever/https://pmfpartners.com/borrowers-are-now-looking-into-hard-money-more-than-ever/The expectation among many is that lenders are actively looking to make new loans or refinance existing ones, but that is not the case.Tue, 22 Dec 2020 00:00:00 GMTDon Konipol — PMF Partnershttps://pmfpartners.com/a-reliable-source-of-capital/https://pmfpartners.com/a-reliable-source-of-capital/Amidst the uncertainty about what the future holds, in many markets around the country commercial property investments are as strong as ever, and hard money…Tue, 15 Dec 2020 00:00:00 GMTMitch Vicknair — PMF Partnershttps://pmfpartners.com/should-commercial-borrowers-utilize-the-services-of-a-mortgage-loan-broker/https://pmfpartners.com/should-commercial-borrowers-utilize-the-services-of-a-mortgage-loan-broker/Once you have determined the loan characteristics most important to you, you will have to choose whether to use the services of a mortgage broker or go…Wed, 25 Nov 2020 00:00:00 GMTDon Konipol — PMF Partnershttps://pmfpartners.com/hard-money-loans-during-covid/https://pmfpartners.com/hard-money-loans-during-covid/Getting a loan during COVID-19 will definitely be different than borrowers have been used to over the past few years.Fri, 20 Nov 2020 00:00:00 GMTMitch Vicknair — PMF Partnershttps://pmfpartners.com/a-lingering-pandemic/https://pmfpartners.com/a-lingering-pandemic/The coronavirus pandemic has caused a serious disturbance in the commercial real estate market. This problem may remain for some time to come.Fri, 13 Nov 2020 00:00:00 GMTDon Konipol — PMF Partnershttps://pmfpartners.com/hard-money-is-not-dead/https://pmfpartners.com/hard-money-is-not-dead/Hard Money Lending is not dead! Although there have been significant changes due to the recent pandemic, you can still obtain a hard money loan!Mon, 02 Nov 2020 00:00:00 GMTMitch Vicknair — PMF Partnershttps://pmfpartners.com/the-more-you-know/https://pmfpartners.com/the-more-you-know/September 18, 2020 Featured, News, recent post Loan requests from borrowers or brokers?Fri, 18 Sep 2020 00:00:00 GMTDon Konipol — PMF Partnershttps://pmfpartners.com/did-you-know/https://pmfpartners.com/did-you-know/Did you know? A TRUE Hard Money Lender eliminates Credit History from the equation, and emphasizes Collateral.Fri, 11 Sep 2020 00:00:00 GMTMitch Vicknair — PMF Partnershttps://pmfpartners.com/what-is-a-hard-money-loan/https://pmfpartners.com/what-is-a-hard-money-loan/What is a “hard money” loan? Conventional lenders utilize what has become known as the “5 C’s” in determining whether to make a loan.Fri, 21 Aug 2020 00:00:00 GMTDon Konipol — PMF Partnershttps://pmfpartners.com/difference-between-borrowers-brokers-with-loan-requests/https://pmfpartners.com/difference-between-borrowers-brokers-with-loan-requests/Loan requests from borrowers or brokers? Borrowers that go through mortgage brokers are educated as to the type of loan, terms, and loan amount they can…Fri, 14 Aug 2020 00:00:00 GMTMitch Vicknair — PMF Partnershttps://pmfpartners.com/soft-hard-money/https://pmfpartners.com/soft-hard-money/What is “Soft” Hard Money? It’s a hybrid type of commercial mortgage financing. It attempts to fill a gap between conventional ‘five c’s’ financing, and…Thu, 06 Aug 2020 00:00:00 GMTDon Konipol — PMF Partnershttps://pmfpartners.com/crowdfunding/https://pmfpartners.com/crowdfunding/With the advent of crowdfunding platforms in the past, there are many real estate and real estate-related investments available to the passive investor with…Mon, 20 Jul 2020 00:00:00 GMTMitch Vicknair — PMF Partnershttps://pmfpartners.com/beware/https://pmfpartners.com/beware/Beware! There are many mortgage brokers who disguise themselves as lenders. Read the fine print, some terms advertised are “not available” for the loan you…Tue, 14 Jul 2020 00:00:00 GMTDon Konipol — PMF Partnershttps://pmfpartners.com/five-actions-commercial-mortgage-brokers-can-take-now-to-increase-income/https://pmfpartners.com/five-actions-commercial-mortgage-brokers-can-take-now-to-increase-income/With many lenders cutting back or temporarily suspending lending activity, commercial borrowers who need credit are flocking to mortgage brokers.Fri, 03 Jul 2020 00:00:00 GMTMitch Vicknair — PMF Partnershttps://pmfpartners.com/borrowers-still-asking-crazy-questions-during-pandemic/https://pmfpartners.com/borrowers-still-asking-crazy-questions-during-pandemic/5\. “It says you lend nationwide. Does that include all 50 states or just the 13 colonies?” 4\. “Can I get a loan if I don’t have a name?”Tue, 19 May 2020 00:00:00 GMTDon Konipol — PMF Partnershttps://pmfpartners.com/what-were-they-thinking/https://pmfpartners.com/what-were-they-thinking/What Are They Thinking? Recent Questions from People Wanting Commercial Mortgage LoansTue, 10 Mar 2020 00:00:00 GMTMitch Vicknair — PMF Partnershttps://pmfpartners.com/in-real-estate-is-cash-still-king/https://pmfpartners.com/in-real-estate-is-cash-still-king/Or is so much cash readily available that having cash to make real property purchases no longer hold the cache it used to?Mon, 17 Feb 2020 00:00:00 GMTDon Konipol — PMF Partnershttps://pmfpartners.com/using-a-broker/https://pmfpartners.com/using-a-broker/The Reasons I Always Use A Broker when Purchasing Real Property 1\. Specific area knowledgeMon, 27 Jan 2020 00:00:00 GMTMitch Vicknair — PMF Partnershttps://pmfpartners.com/a-sudden-increase-for-hard-money/https://pmfpartners.com/a-sudden-increase-for-hard-money/PMF Partners have noticed an influx of new applications from borrowers who normally wouldn’t use hard money.Sun, 12 Jan 2020 00:00:00 GMTDon Konipol — PMF Partnershttps://pmfpartners.com/we-closed-and-funded-loan-in-44-hours/https://pmfpartners.com/we-closed-and-funded-loan-in-44-hours/On Wednesday,, October 2, at 3:09 PM we received an email from a mortgage broker asking if we could close and fund a loan in two days.Fri, 15 Nov 2019 00:00:00 GMTMitch Vicknair — PMF Partnershttps://pmfpartners.com/how-our-business-has-changed-in-20-years/https://pmfpartners.com/how-our-business-has-changed-in-20-years/How most loan applications are submitted 1999\. – FaxWed, 30 Oct 2019 00:00:00 GMTDon Konipol — PMF Partnershttps://pmfpartners.com/hard-money-loans-on-raw-loan/https://pmfpartners.com/hard-money-loans-on-raw-loan/All experienced mortgage brokers know that the second hardest loans to place are loans secured by raw land. ( Church loans are the hardest!).Tue, 15 Oct 2019 00:00:00 GMTMitch Vicknair — PMF Partnershttps://pmfpartners.com/the-top-5-things-commercial-mortgage-brokers-can-do-to-increase-their-income/https://pmfpartners.com/the-top-5-things-commercial-mortgage-brokers-can-do-to-increase-their-income/5\. Work only on doable loans …. stop working on loans with little or no chance of being financed and spend the time saved on more productive pursuits, like…Mon, 30 Sep 2019 00:00:00 GMTDon Konipol — PMF Partnershttps://pmfpartners.com/missing-opportunity/https://pmfpartners.com/missing-opportunity/Most Commercial Mortgage Brokers I come in contact with are missing an opportunity to make a LARGE commission check.Mon, 16 Sep 2019 00:00:00 GMTMitch Vicknair — PMF Partnershttps://pmfpartners.com/why-most-borrowers-should-use-mortgage-brokers-part-2/https://pmfpartners.com/why-most-borrowers-should-use-mortgage-brokers-part-2/As a direct lender, I am constantly told by “consultants” that I need to change my business from utilizing mortgage brokers for deal flow to operating…Fri, 30 Aug 2019 00:00:00 GMTDon Konipol — PMF Partnershttps://pmfpartners.com/why-most-borrowers-should-use-mortgage-brokers-part-1/https://pmfpartners.com/why-most-borrowers-should-use-mortgage-brokers-part-1/As a direct lender, I am constantly told by “consultants” that I need to change my business from utilizing mortgage brokers for deal flow to operating…Thu, 15 Aug 2019 00:00:00 GMTMitch Vicknair — PMF Partnershttps://pmfpartners.com/what-are-they-thinking-crazy-questions-from-borrowers/https://pmfpartners.com/what-are-they-thinking-crazy-questions-from-borrowers/1\. “How much does my property have to be worth to borrow how much”? 2\. “Can I borrower under an assumed name”?Tue, 30 Jul 2019 00:00:00 GMTDon Konipol — PMF Partnershttps://pmfpartners.com/what-they-say-and-what-they-really-mean/https://pmfpartners.com/what-they-say-and-what-they-really-mean/1\. “I’m looking to utilize the greatest leverage possible”………. “I have no money to put into the deal” 2\. “The seller and I have come to contract terms”……..…Tue, 16 Jul 2019 00:00:00 GMTMitch Vicknair — PMF Partnershttps://pmfpartners.com/the-5-biggest-lies-about-financing-told-by-real-estate-gurus/https://pmfpartners.com/the-5-biggest-lies-about-financing-told-by-real-estate-gurus/1\. That you can buy real property with no income, bad credit and no money. 2\. That you can “over leverage” a property and obtain financing for more than…Tue, 02 Jul 2019 00:00:00 GMTDon Konipol — PMF Partnershttps://pmfpartners.com/the-five-greatest-borrower-delusions/https://pmfpartners.com/the-five-greatest-borrower-delusions/1\. That they can borrow 100% of the purchase price because “the property’s worth double that” 2\.Tue, 25 Jun 2019 00:00:00 GMTMitch Vicknair — PMF Partnershttps://pmfpartners.com/why-crowdfunding-has-not-been-effective-for-commercial-mortgage-loans/https://pmfpartners.com/why-crowdfunding-has-not-been-effective-for-commercial-mortgage-loans/Why Has Crowdfunding NOT Been Effective For Commercial Mortgage Loans? 1\. Disconnect between ability to raise capital and ability to generate deal flow…Mon, 20 May 2019 00:00:00 GMTDon Konipol — PMF Partnershttps://pmfpartners.com/how-to-sell-a-commercial-property-that-cant-be-financed/https://pmfpartners.com/how-to-sell-a-commercial-property-that-cant-be-financed/Some commercial real estate just can’t be financed. The property is vacant, needs extensive repair, or there may be environmental, location, or structural…Mon, 06 May 2019 00:00:00 GMTMitch Vicknair — PMF Partnershttps://pmfpartners.com/the-five-biggest-frustrations-for-mortgage-brokers/https://pmfpartners.com/the-five-biggest-frustrations-for-mortgage-brokers/5\. Borrowers who decide to “go a different route” after you spend 20 hours sourcing their hard to finance loan 4\.Mon, 22 Apr 2019 00:00:00 GMTMitch Vicknair — PMF Partnershttps://pmfpartners.com/the-most-ridiculous-loan-packages-i-ever-received/https://pmfpartners.com/the-most-ridiculous-loan-packages-i-ever-received/5\. A list of loan requests copied and pasted from Scotsman Guide with the broker adding a note to include 3 points for his “referrals”. 4\.Mon, 22 Apr 2019 00:00:00 GMTDon Konipol — PMF Partnershttps://pmfpartners.com/five-top-signs-that-you-should-not-waste-time-with-a-borrower/https://pmfpartners.com/five-top-signs-that-you-should-not-waste-time-with-a-borrower/5\. The first thing he tells you is that the last four brokers he worked with were crooks 4\.Mon, 08 Apr 2019 00:00:00 GMTDon Konipol — PMF Partnershttps://pmfpartners.com/the-side-of-the-equation-investors-shouldnt-ignore/https://pmfpartners.com/the-side-of-the-equation-investors-shouldnt-ignore/Most investors, unless very experienced, concentrate almost exclusively on some method of measuring return on investment, i.e., cap rate, Internal rate of…Thu, 28 Mar 2019 00:00:00 GMTMitch Vicknair — PMF Partnershttps://pmfpartners.com/rents-can-easily-be-raised/https://pmfpartners.com/rents-can-easily-be-raised/Almost every seller out there says that he’s renting his property below market and “rents can easily be raised”.Thu, 14 Mar 2019 00:00:00 GMTDon Konipol — PMF Partnershttps://pmfpartners.com/when-is-a-hard-money-loan-not-a-hard-money-loan/https://pmfpartners.com/when-is-a-hard-money-loan-not-a-hard-money-loan/Different private and hard money lenders have different criteria for approving and funding a commercial mortgage loan.Thu, 28 Feb 2019 00:00:00 GMTMitch Vicknair — PMF Partnershttps://pmfpartners.com/how-commercial-mortgage-brokers-can-earn-250000-or-more-annually-2/https://pmfpartners.com/how-commercial-mortgage-brokers-can-earn-250000-or-more-annually-2/After 20 years as a private mortgage/hard money direct lender, I have dealt with over one thousand commercial mortgage brokers.Mon, 04 Feb 2019 00:00:00 GMTDon Konipol — PMF Partnershttps://pmfpartners.com/part-2-mortgage-brokers-most-unproductive-use-of-time/https://pmfpartners.com/part-2-mortgage-brokers-most-unproductive-use-of-time/Part 2: Mortgage Brokers Most UNPRODUCTIVE use of time 1\. Participating in a broker “Daisy Chain”Tue, 29 Jan 2019 00:00:00 GMTMitch Vicknair — PMF Partnershttps://pmfpartners.com/mortgage-brokers-most-productive-use-of-your-time/https://pmfpartners.com/mortgage-brokers-most-productive-use-of-your-time/Mortgage Brokers: MOST Productive use of your time: 1\. Speaking with QUALIFIED borrowersMon, 28 Jan 2019 00:00:00 GMTDon Konipol — PMF Partnershttps://pmfpartners.com/when-can-i-offer-seller-financing/https://pmfpartners.com/when-can-i-offer-seller-financing/Q: Do I Have to Own a Property Free and Clear to Offer Seller Financing? A: 1. Buyer assumes existing note ‘subject to’ and seller carries second lienFri, 11 Jan 2019 00:00:00 GMTMitch Vicknair — PMF Partnershttps://pmfpartners.com/educating-potential-borrowers/https://pmfpartners.com/educating-potential-borrowers/I feel like commercial mortgage brokers and commercial mortgage lenders need to do a better job of educating potential borrowers about what is required to…Sat, 15 Dec 2018 00:00:00 GMTDon Konipol — PMF Partnershttps://pmfpartners.com/mortgage-brokers-should-you-be-a-generalist-or-a-specialist/https://pmfpartners.com/mortgage-brokers-should-you-be-a-generalist-or-a-specialist/The brokers that bring us loans can be classified as either specialist, i.e., the specialize in a specific industry type, like gas stations, mobile home…Fri, 30 Nov 2018 00:00:00 GMTMitch Vicknair — PMF Partnershttps://pmfpartners.com/the-top-five-crazy-borrower-questions-asked-us-in-2018/https://pmfpartners.com/the-top-five-crazy-borrower-questions-asked-us-in-2018/5\. If I use your capital and pay the interest, will you fill out my tax return? 4\.Tue, 27 Nov 2018 00:00:00 GMTDon Konipol — PMF Partnershttps://pmfpartners.com/upfront-fee/https://pmfpartners.com/upfront-fee/Should Commercial Mortgage Brokers Charge Borrower’s an Upfront Fee? This is a hotly debated topic, with many investors, borrower’s, and real estate ‘gurus’…Thu, 11 Oct 2018 00:00:00 GMTMitch Vicknair — PMF Partnershttps://pmfpartners.com/how-mortgage-brokers-can-salvage-a-deal-when-the-borrower-owes-more-than-the-property-will-support/https://pmfpartners.com/how-mortgage-brokers-can-salvage-a-deal-when-the-borrower-owes-more-than-the-property-will-support/1\. Negotiate a reduced payoff with the current lien holder(s) 2\. Ask the borrower if he has other property he owns free and clear to add as additional…Fri, 24 Aug 2018 00:00:00 GMTDon Konipol — PMF Partnershttps://pmfpartners.com/evaluating-passive-real-estate-investments/https://pmfpartners.com/evaluating-passive-real-estate-investments/TICS (Tenants in Common), 1031 exchanges, REITS, Real Estate Mutual Funds, LLCs, Limited Partnerships.Mon, 14 May 2018 00:00:00 GMTMitch Vicknair — PMF Partnershttps://pmfpartners.com/breaking-through-the-loan-approval-nonsense/https://pmfpartners.com/breaking-through-the-loan-approval-nonsense/Many lenders seem to be afraid to approve a commercial mortgage loan. Their requests for ever more exotic and marginally relevant information, documents…Tue, 03 Apr 2018 00:00:00 GMTDon Konipol — PMF Partnershttps://pmfpartners.com/get-rich-quick-sure/https://pmfpartners.com/get-rich-quick-sure/You know a borrower just attended a get rich quick real estate seminar when they say: 5\. What do you mean you don’t lend on residential real estate?Mon, 19 Mar 2018 00:00:00 GMTMitch Vicknair — PMF Partnershttps://pmfpartners.com/beware-hidden-fees/https://pmfpartners.com/beware-hidden-fees/TICS (Tenants in Common), 1031 exchanges, REITS, Real Estate Mutual Funds, LLCs, Limited Partnerships.Thu, 01 Mar 2018 00:00:00 GMTDon Konipol — PMF Partnershttps://pmfpartners.com/how-commercial-mortgage-brokers-can-earn-250000-or-more-annually/https://pmfpartners.com/how-commercial-mortgage-brokers-can-earn-250000-or-more-annually/After 20 years as a private mortgage/hard money direct lender, I have dealt with over one thousand commercial mortgage brokers.Thu, 01 Mar 2018 00:00:00 GMTMitch Vicknair — PMF Partnershttps://pmfpartners.com/private-mortgage-loans-provide-a-short-term-financing-alternative/https://pmfpartners.com/private-mortgage-loans-provide-a-short-term-financing-alternative/Private mortgage loans are made by private lenders instead of traditional financing sources such as banks,lending institutions, or government agencies.Thu, 01 Mar 2018 00:00:00 GMTDon Konipol — PMF Partnershttps://pmfpartners.com/how-a-direct-private-lender-can-support-a-changing-retail-landscape/https://pmfpartners.com/how-a-direct-private-lender-can-support-a-changing-retail-landscape/Retail is one of the industries hardest hit by the digital revolution. Traditional storefronts have taken a big hit in recent years, creating a pool of eager…Tue, 27 Feb 2018 00:00:00 GMTDon Konipol — PMF Partnershttps://pmfpartners.com/whats-the-difference-hard-money-or-private-loan/https://pmfpartners.com/whats-the-difference-hard-money-or-private-loan/The Difference Between a Hard Money Mortgage Loan and a Private Mortgage Loan Sometimes used interchangeably, these two terms are not synonymous.Tue, 27 Feb 2018 00:00:00 GMTMitch Vicknair — PMF Partners