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Commercial lending nationwide!
Say you found this site on
mortgagepages.com and get $250 off closing fees!
BACKGROUND
We have over
25 years of combined experience in underwriting, placing and servicing
commercial loans. Our loan officers
have served on the board of directors of various banks and understand
the Lender's
focus. We work with the borrower and
the broker by putting a commercial loan package together for presentation to the
Lender and to ensure that the client's mortgage needs are fully satisfied.
Because we don't advertise, we rely on
residential and commercial brokers to bring
us their commercial transactions.
Brokers are always protected and commissions are deducted from the
proceeds at the loan closings.
Conduit/Nonrecourse
Programs
Few commercial
brokers in the state specialize in the preparation and presentation of a
"Wall Street" non‑recourse loan. We will guide find the right Lender and guide your client through
the process by providing our insight and experience in bringing the loan to a
quick closing.
Institutional Loans
Preparation of
entire loan package
Presentation
of Loan to several Lenders
Protected
brokers
Experience
Private loans
Quick Response
Closing within
24 hours after completion of work
Short‑form
appraisals usually accepted
Flexible loan
structures
Minimal
documentation
Protected
brokers
Just give us a
call with your deal and we will provide
you with a rapid response. We believe that a "quick no is better than a
prolonged maybe." With PFH, the
quality of the property is more important than the credit of the Borrower.
PFH Mortgage,
LLC (PFH) is a private real estate mortgage company that specializes in
unconventional financing where speed and attention to special circumstances are
critical.
PFH provides short term "bridge" real
estate secured loans for many types of commercial properties. PFH can
finance bank workouts, foreclosures,
bankruptcies, and many other situations involving commercial real estate.
PFH recognizes the importance of speed, and that
loans must often be structured around each client's unique set of financial
circumstances. Our program has been providing lightning‑fast service and
creative funding solution. Speed is
important in today's fast‑moving world. When speed and "getting the
deal done" is important, a loan from PFH is like "Pennies from
Heaven".
Because of our
legal and real estate experience PFH understands the legal and financial
ramifications of commercial property work‑outs, foreclosures and
bankruptcies, as well as other kinds of creative financing. We have experience
in bankruptcies, foreclosures, retail and residential development, and
management of commercial buildings.
Loans are
secured by real estate, based upon a 50%‑70% loan‑to‑value
ratio and run for one year. Because we have no committees, or red tape, PFH has
the ability to close loans quickly without the hassle of voluminous paperwork
or numerous meetings. Closings
typically take place within two weeks.
Often, we are able to close without the borrower paying the high cost of
new appraisals.
RECENTLY CLOSED TRANSACTIONS
$1,000,000
cash out refinance of vacant office building for tenant improvements.
$2.5 Million
first mortgage to Borrower for orderly liquidation of business and subsequent
sale of the underlying real estate.
Some environmental issues existed.
$1,000,000
loan to an investor for the purchase of a non‑performing first mortgage
to allow investor to foreclose on the property and obtain title to the
property.
$500,000 loan
closed in 6 days after borrower was turned down at a bank. Buyer about to lose deposit under time is of
the essence clause.
$535,000 loan
closed in 2 weeks to a nightclub in
bankruptcy for the purchase of their building.
$270,000 loan
for a foreclosure bailout to developer with subdivision approvals in
place. Funds were used for site work.
SBA loan ‑80% LTV to Professional LLC for refinance of existing high interest rate loan.
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