PMI Funding Corporation is in the business of trading in trust deeds, mortgage notes and equity loans. For the past 30 years, PMI has represented investors who have invested in notes secured by residential (non-owner occupied) and commercial real estate. PMI is based in Albuquerque, New Mexico. PMI offers mortgage note investments secured by properties in New Mexico, Arizona, and Colorado.
If you would like to diversify from CDs and the stock market, this is an alternative investment. Many retirees enjoy the monthly income of interest only payments, leaving the original principal in place.
PMI represents borrowers who want to borrow funds secured by commercial properties. Our investments offer a return of 6 to 10 percent and higher with short-term bridge loans. Most loans have a one to five year term and pay monthly interest payments. See our chart below stating a compounding effect.
It is our routine course of business to research each investment to insure its security. PMI requires a completed loan application, credit report when applicable, proof of income, title search, hazard insurance and appraisal. All loans are serviced by a licensed servicing company located in Albuquerque and Phoenix. We monitor all accounts and assist with any questions and problems that may arise.
Most of our loans are a maximum of 65-70% of the property current value. If a borrower/payor fails to make their payments, and the property is foreclosed on, there is enough equity to sell the property and recover the investment plus make some profit.
If you would like to be on PMIs mailing list for any future offerings or have any questions, please contact us. All contact information is kept confidential.
