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/Hard Money Loans Closed in April Skating Rink / Day Care Center, Houston, Texas $ 950,000 2 Event Centers & Catering Halls, Farmington, Connecticut $1,450,000 Industrial Buildings & Rail Yard, Sagamore, Massachusetts $1,250,000 Private Mortgage Financing Partners, LLC is a nationwide private hard money lender. Our current interest rates are 13% with 3 - 4Wed, 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/If Your Borrower has Been Turned Down by a Bank or Other Institutional Lender for a Commercial Mortgage Loan Because of: • Low Credit Scores • Bankruptcy • Tenant Vacancies • Property Stabilization Issues • High Debt Ratios • Foreign National • Unique Ownership Structure We Are Still Interested In Making These Loans! • WeWed, 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. The borrower is in default on note pTue, 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&039;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, or business values. See how your business stacks up to these strategies. 1. Have a CONSISTENT, dedicated program for generating deal flow. Most mortgage and loan brokers usually don’t market themselves untilMon, 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” people to purchase the product or service the salesperson was selling. This included long hours of chasing leads, cold calling, and “persistence” (“it takes 7 no’s to get toThu, 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 financing Bring in a money partner or a credit partner Additional collateral provided by second lien(s) on other real estate Have seller with better credit and property ownership history refinance for higher loan amountFri, 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/Increase Your Chances for Loan Closing for 2024 5 –UNDERSTAND YOUR BORROWER’S NEEDS AND DESIRES COMPLETELY. This has to do with the Borrower’s Motivation . Why does the Borrower need the loan - is it a refinance for additional investment or working capital; a new loan needed for a quick closing on a discountedFri, 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 Lenders We lend in all 50 states Our Rates Remain Low This year has been a roller coaster for conventional interests rates. They have doubled, while hard money loan interest rates have only increased marginally. During this time, Private Mortgage Financing Partners has kept 2023 loan rates comparable toThu, 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/Hard Money Lenders | Private Mortgage Lenders We lend in all 50 states Properties We Financed First Quarter 2023 The following are properties we financed First Quarter 2023 Commercial Bldg/ Dance Studio Dallas, Texas $450,000 Office Building Brooklyn, New York $1,600,000 Church Ellenwood, Georgia $800,000 Mobile Home Park Wichita, Kansas. $350,000 5 Healthcare Centers NewTue, 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 Studio Dallas, Texas $450,000 Office Building Brooklyn, New York $1,600,000 Church Ellenwood, Georgia $800,000 Mobile Home Park Wichita, Kansas. $350,000 5 Healthcare Centers New Jersey $5,800,000 Land Development Site Hartford, Connecticut $775,000 Private Mortgage Financing Partners, LLC provides short-term private mortgage financing (hardTue, 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, survey, accountant to prepare financials or anything else required to have even an outside chance of getting a loan. 2. I’m going to give you aFri, 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 suffice. Often this requires renegotiating the terms of a property purchase, or restructuring the capital structure of a property refinance. The following list is the methods CREATIVE FINANCING SPECIALISTS use to makeTue, 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/Are you a Mortgage Broker or Creative Financing Specialist Can you make what seems impossible, possible? About 90% of the new loans we finance, and all of the existing loans we buy, are brought to us by “financial intermediaries”. Most I would classify as “brokers”, and they do a good job for their client borrowersMon, 06 Feb 2023 00:00:00 GMTDon Konipol — PMF Partnershttps://pmfpartners.com/what-are-they-thinking/https://pmfpartners.com/what-are-they-thinking/What Are They Thinking? Recent Questions From People Wanting a Commercial Loan 10. “If you make me a loan can I sell it? 9. “Do you care what kind of dog I adopt?” 8. “I sold the property, but not all the way. Is that okay?” 7. “Why would you hold money in escrow for repairs?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. NOW is the time to get a hard money loan. To submit a loan request, visit our website, www.pmfpartners.com, click on APPLY NOW! and complete the online application.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&039;t lend on residential real estate? I got your name from an exclusive listing of lenders available only to platinum members No, I am going to purchase property creatively. I had $40,000 but IFri, 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 two years, with interest-only payments Three to four points origination fee No application fee and no due diligence fee The borrower pays for MAI appraisal Most of our loansMon, 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 anchored by a large supermarket, a K-mart, or any of a hundred other large anchor tenants now long gone. These centers may be empty or seemingly hanging on with 20-40% occupancy. AndFri, 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/Hard Money Lenders | Private Mortgage Lenders We lend in all 50 states Increase Liquidity & Profitability Do you have one or more commercial mortgage notes you would like to remove from your portfolio for liquidity and profitability reasons? Private Mortgage Financing Partners can provide a solution for your institution. As a private mortgage lender, weTue, 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. Banks scrutinize their (post-pandemic) balance sheets to assess loan applications, most are denied, even if their projections are bright. Banks&039; hesitation and lag time on loan applications has led small business owners to consider other options likeTue, 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 loan to supplement everyday operating expenses. Meanwhile, inflation is the highest in decades, with raw materials and finished goods rising in price and employees demanding higher wages. WithThu, 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 Shop $26,250.00 Commission $1,050,000 Funded on Texas Residential Housing $20,000.00 Commission $1,000,000 Funded on Indiana Truck Stop $26,000.00 Commission $650,000 Funded for Office-Warehouse in Texas $13,750.00 Commission $550,000 Funded on a Michigan Retail Center $10,000.00 Commission $400,000 Funded SecuredMon, 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. We provide these loans to be used for the acquisition, refinance, rehabilitation, and equity cash out of investment and commercial properties. If you think you meet these criteria, make an application now on our website. www.pmfpartners.com. NoMon, 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. They DO NOT participate in broker daisy chains 4. They manage their client’s (borrowers) expectations to ensure their borrowers are realistic about the rates and terms available to them 5. They don’t spend time withWed, 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 NOTE 1,000,000 WAREHOUSE REHAB 500,000 LAND DEVELOPMENT 600,000 OFFICE BLDG REMODEL 650,000 RV PARK CASH-OUT REFINANCE 1,100,000 FUNERAL HOME STOP FORECLOSURE 2,700,000 AUTO COLLISION PURCHASE DEFAULT NOTE 1,050,000 SCHOOL CONVERT TO HOUSING 1,000,000 TRUCK STOP PURCHASE 540,000 RESTAURANT WORKING CAPITAL 650,000 INDUSTRIAL CASH OUT 550,000 OFFICEWed, 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. PMF Partners is willing to work with potential borrowers in ways traditional banks simply cannot. In consideration for a hard money loan, PMF Partners look to see if a property is producing or can produceMon, 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 individuals with bad credit. Fortunately, Hard Money is an option to receive funding - and possibly help your credit score. PMF partners are determined that our borrowers receiveFri, 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. It does require a good amount of cash upfront, and that’s where PMF Partners can help. We are a hard money lender providing loans used for the acquisition, refinance, rehabilitationThu, 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 somehow qualifies for an 80% LTV, 4.5% interest, fixed-rate 30-year loan, with no personal guarantee. 2. After the mortgage broker informs the borrower of reality, the borrowerWed, 29 Sep 2021 00:00:00 GMTDon Konipol — PMF Partnershttps://pmfpartners.com/brokers-commission/https://pmfpartners.com/brokers-commission/PMF is a leading private lender in Texas, provides hard money loans, direct financing, commercial mortgage, bridge loans. for direct financing and Hard money loans call us today :(936) 588-8501 or visit us:www.pmfpartners.comFri, 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 brokers. About half or more of the loans we see involve 2 or more mortgage brokers. And I’m always curious as to why a second and sometimes a third broker isThu, 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. You know that working with institutional lenders on traditional, credit, and income qualified loans result in a small to medium commission, and to cover overhead, profit, as well as ROI requirementsMon, 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. PMF Partners is asset-based, so first, we analyze a borrower’s real estate collateral and treat cash flow as a secondary concern. If you have a clear exit strategy, we don’t even require historical cash flow. Restaurant owners in Dallas with a trackWed, 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 flow of funds. An investor with significant equity in commercial real estate and requires a quick close is a good candidate for a hard money loan. Traditional financial institutionsMon, 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 Hard Money loans are an integral part of the commercial real estate investing process. There are several good reasons to consider for getting a Hard Money loan instead ofMon, 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 the Covid-19 pandemic last year. But as these emergency programs start to wind down this year, there’s anticipation that commercial real estate is facing a wave of foreclosures over the next fewThu, 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 profitable situation for a financial intermediary or mortgage broker. Because few people have the knowledge, contacts, and experience to complete this type of financing, “broker fee compression” is not anMon, 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 $1,050,000 Funded on Texas Residential Housing – Mortgage Broker Received $26,250.00 Commission $1,000,000 Funded on Indiana Truck Stop – Mortgage Broker Received $20,000.00 Commission $650,000 Funded for Office-Warehouse in Texas – Mortgage Broker ReceivedMon, 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 products. And both drastically affect how much you earn or have to pay when applied to your account balance. APR (Annual Percentage Rate) APR represents the annual rate charged forThu, 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, it’s probable that we will see an avalanche of business and commercial real estate loans in default. A significant percentage will have no hope of getting current or being paidMon, 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 end, it’s probable that we will see an avalanche of business and commercial real estate loans in default. A significant percentage will have no hope of getting current or beingFri, 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&039;s value? Yes.......Five Ways 1. The existing lien holder(s) "take a haircut" i.e., accept a discounted payoff. 2. The existing lien holder(s) sell their note at a discount 3. The borrower is willing to bring cash toWed, 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 disguise themselves as lenders. I will assume we are talking about lenders. Lenders in this field operate in one (or more) of four ways. 1. They lend their own capitalWed, 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 higher down payment requirements. Like bridge loans, hard money loans have short terms, higher interest rates and interest-only payments. They are also easier to qualify for and fasterTue, 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. In some cases, the lender making the long-term loan will also make the bridge loan on the property. Most bridge loans come with very short terms, typically six months to two years, and many areTue, 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. Because these loans are securitized, they behave a little differently than a traditional commercial real estate loan. The main differences relate to prepayment and loan administration as well as the flexibility you have in negotiating loan terms. The minimumTue, 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 year 3. Borrower statement on executive loan summary “ I won’t be investing any of my own capital and I won’t sign a personal guarantee. 2. A “Business Plan” entitled “SampleThu, 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. These loans, called 504 loans, are actually composed of two different loans: one from a Certified Development Company (CDC) for up to 40% of the loan amount and one from a bank for 50% or more of theTue, 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 property, provided the real estate will be owner-occupied. Through this program, you can borrow up to $5 million through an SBA-affiliated lender. The maximum allowed interest rates for the program are based on theTue, 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- family units and retail centers. Like a residential mortgage, the commercial loan will be secured by the property being purchased. Beyond that, terms vary widely depending on the lender. Some banks will make fully amortized loansTue, 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. Check back with us for (weekly) posts to learn about different types of loans. PMF Partners can refinance your low loan to value commercialTue, 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. No equity base……..Despite the popularity of “no money down” and “100% financing”, almost all successful commercial real estate investments have equity of 25% - 50%. The numbers just don’t work with all debt, i.e., negative cashTue, 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 continue to become an immediate option in the capital markets as an exceptional solution to other funding options. For more information, contact us to discuss how we may beTue, 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. But siTue, 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. Consequently, commercial loan volume is down and loans that are being made now are being closed with more difficult underwriting requirements. This is causing borrowers to look into hard money loans.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 lending continues to serve as a reliable source of capital these projects. If you are in the market for a hard money loan, contact PMF Partners.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 directly to a lender. Finding a good mortgage broker will save a large amount of time, enable you to leverage his knowledge so you’ll know the kind ofWed, 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. Most prim borrowers who had borrowed from banks will likely borrow hard money more than before. And yes, we still will be funding during the COVID-19 recession.! If you are in the market for aFri, 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 pFri, 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! Visit our website for more information about hard money loans to be used for the acquisition, rehabilitation and equity cash out of investment and commercial properties!Mon, 02 Nov 2020 00:00:00 GMTMitch Vicknair — PMF Partnershttps://pmfpartners.com/the-more-you-know/https://pmfpartners.com/the-more-you-know/Loan requests from borrowers or brokers? Mortgage brokers have already educated borrowers that they will need to pay for an appraisal, survey, document legal review and environmental screen. Borrowers coming directly to PMF Partners to make a loan request can’t believe there aren’t any costs associated with obtaining mortgage financing. You can go to our website: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. If a hard money lender feels that the collateral is sufficient to provide a margin of safety, and the property will produce sufficient cash flow to service the debt, then the hard money lender will approve the loan,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. Credit History, Capital, Capacity, Collateral, and Conditions. Any one of the "Cs" found lacking can be overcome - EXCEPT the Credit History of the borrower. IF YOU MEET ALL THE CRITERIA,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 reasonably expect; borrowers contacting us directly most often have unreasonable expectations as to interest rate, terms and LTV. Contact PMF Partners today for more information about what loans may beFri, 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 &039;five c&039;s&039; financing, and tradition hard money loans, which eliminate the credit criteria from the &039;five c&039;s&039;. These loans require a much less credit worthy borrower, with a lower credit score than considered acceptableThu, 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 anticipated annual returns from 8% to 20%. In the past, most have been restricted to accredited investors. Now, new regulations from the SEC as required by congressional action has opened opportunitiesMon, 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 are looking for. As a lender, we clearly state in our term sheet and Letter of Intent the relationship of the parties. PMF Partners advise our clients on how toTue, 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. But I notice many brokers spinning their wheels by shotgunning loan apps all over town. In today’s economy, brokers instead need to do the following 1. Choose a few loans that have ALL the necessaryFri, 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&039;t have a name?" 3. "I need to know the exact credit score I need to get a loan. I don&039;t want to pay too many bills unless I haveTue, 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 Loans 5. If you make me a loan can I sell it? 4. Do you care what kind of dog I adopt? 3. I sold the property, but not all the way. Is that okay? 2. Why would you hold money in escrow forTue, 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? I’m not talking about ability to get financing, or offers for all cash where you need 45 days to close. I’m talking about close in 48 hours cash. In my long careerMon, 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 knowledge 2. Buffer when offering less than seller expects 3. Able to get deal on track when both parties get frustrated with each other 4. Can play the role of "bad guy" 5. Can give me a reality checkMon, 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. But since most banks and other funding options have either stopped funding or reduced their guidelines that became prohibitive for the borrowers, this has caused a problem. Bank borrowers may take out more hard money loans as banksSun, 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. The property securing the loan would be an apartment complex in Galveston, Texas, owned free and clear. The cash out would be used for the down payment onFri, 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. - Fax 2019 - interactive online application How we market for leads 1999 - Display ads in business newspapers 2019 - website, blog, Business media platforms, Scotsman’s Guide How we obtain Appraisals 1999 - U.S. postal service in physical form 2019 - PDF in Dropbox How we obtainWed, 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!). Few lenders want to lend on a property with no cash flow; fear having to liquidate a property with a long term sales frame; and have no desire to go throughTue, 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 4. Develop more lending sources, specifically in the private lending arena. The kind of lenders that few brokers have knowledge of or relationship with. 3. ReworkMon, 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. When they encounter a borrower with existing secured debt of 80-90% of the property’s value, they turn the borrower away because they can’t get a refinancing large enough to pay off the existing liens. In aMon, 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 directly with the borrower. I have concluded that it is more beneficial for both the borrower and ourselves (direct lender) to operate through brokers. Here are the top 5Fri, 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 directly with the borrower. I have concluded that it is more beneficial for both the borrower and ourselves (direct lender) to operate through brokers. Here are the top 5Thu, 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”? 3. “Will you lend secured by a 3rd lien on used restaurant equipment”? 4. “What’s the maximum number of bankruptcies I can have and still borrow from you”? 5. “Will you accept aTue, 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”........ “I do not have an executed purchase contract” 3. “My accountant is still working on our tax return”..........”He won’t release my return until I pay him andTue, 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 100% of the purchase price. 3. That lying about living in the property you’re buying on your mortgage application isn’t mortgage fraud. 4. That financing commercialTue, 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. That the property they’re purchasing for $1 million is actually worth $2 million 3. That lenders are lining up to “compete” for their business despite the fact that they have little capital and no experience 4. That theyTue, 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 means that the few platforms doing commercial mortgages that have access to large amounts of capital are unable to generate sufficient deal flow 2. Platforms are run by “techies” not real estateMon, 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 issues. These properties stay on the market for years, wasting broker’s, seller’s and buyer’s time and efforts. When we obtain ownership of such a property, we find that we’re able to sellMon, 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. Loan applicants unable or unwilling to provide financial statements 3. Borrowers who conceal a low priced loan offer they have in pocket and only reveal it once you’ve secured a slightly higher priced loanMon, 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. A loan request for a 12 unit apartment building that was owned by a LLC that had 8 other LLCs in the current ownership chain 3. The past threeMon, 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. He objects to paying for an appraisal wanting to know why you can’t accept the property tax value 3. He refuses to sign a fee agreement 2. You’ve already received the same loan request from 2Mon, 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 return, discounted cash flow. However, just as important is the other side of the equation - risk. Because risk doesn’t easily lend itself to quantitative measures, it’s easy to ignore. The fact thatThu, 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&039;s renting his property below market and "rents can easily be raised". Sometimes this is true, but often additional costs are required to get the property up to potential. In 95% of the cases, in order to substantiate a rent increase the owner will have to (1) getThu, 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. Most people in the commercial lending space know what a hard money loan is - it’s a loan where the basis of the underwriting criteria is the property itself, and not the borrower. But this doesn’t mean thatThu, 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. The most successful ones approach their business uniquely different than the unsuccessful and middling ones. I have broken down these ‘success’ approaches into 5 categories 1. The high income earners specialize; the mediocre earners take everything that comesMon, 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" 2. Dealing with borrowers who are shopping their deal all over the internet 3. Submitting loan application to lenders with no idea whether or not the loan in question fits their criteria 4. Failing to run a title reportTue, 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 borrowers 2. Developing relationships with ACTIVE lenders 3. Learning and installing a PRODUCTIVE client management software system 4. Writing QUALITY posts, blogs and articles targeted to your ideal borrower 5. Engaging with your POTENTIAL market online or in person. 6. Educating yourself onMon, 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 lien 2. Seller offers seller financing and ‘wraps’ the new note ‘around’ the existing note 3. Seller pays off the existing note and sells with owner financing a newFri, 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 successfully obtain real property financing. We get numerous submissions for loans in which the broker submitting the loan application on behalf of the borrower have no financial information on theSat, 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 parks, industrial, etc., or loan types, like hard money, SBA, etc. Or, they’re generalists, working a broad spectrum of property, loan and borrower types. My gut instinct told me thatFri, 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. If you don’t deal with people with no income and no assets who do you deal with? 3. Why do you care what the environmental report says? You don’t own the property. 2. How much does theTue, 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’ insisting that any upfront fee is a scam. Brokers want to charge a commitment fee to ensure borrowers are serious, and that their work, time and effort is not for naught asThu, 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 collateral 3. Ask the borrower if he has other property he owns with a mortgage to add as additional collateral with the lender taking a second positionFri, 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. The types and number of passive real estate investment opportunities are exploding. And as proclaimed by their sponsors, these investments can offer the benefits of diversification, professional management, access to “A” type properties, and potential high returns as a passive investor.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, studies, etc. seem to be designed to find a reason to turn down the loan request. In mortgage financing there really are only three factors to consider in loan approval. 1. IsTue, 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&039;t lend on residential real estate? I got your name from an exclusive listing of lenders available only to platinum members 4. No, I am going to purchase property creatively. I had $40,000Mon, 19 Mar 2018 00:00:00 GMTMitch Vicknair — PMF Partnershttps://pmfpartners.com/beware-hidden-fees/https://pmfpartners.com/beware-hidden-fees/Evaluating Passive Real Estate Investments- TICS (Tenants in Common), 1031 exchanges, REITS, Real Estate Mutual Funds, LLCs, Limited Partnerships. The types and number of passive real estate investment opportunities are exploding. And as proclaimed by their sponsors, these investments can offer the benefits of diversification, professional management, access to “A” type properties, and potential highThu, 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. The most successful ones approach their business uniquely different than the unsuccessful and middling ones. I have broken down these ‘success’ approaches into 5 categories The high income earners specialize; the mediocre earners take everythingThu, 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. They usually are short-term (6 months to 3 years) hard money or asset-based loans, and the decision to lend is based on the equity and value of the property being put up as collateral, notThu, 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 landlords who have become more flexible in their leasing terms to accommodate for the hit. In many cases, this has led to more bargaining power for retailers lookingTue, 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. A Hard Money Loan refers to a TYPE of loan, while a Private Mortgage Loan refers to where the money is coming from. A Hard Money Loan is a loan based primarily onTue, 27 Feb 2018 00:00:00 GMTMitch Vicknair — PMF Partners