PMF Private Mortgage Fund

About PMF Private Mortgage Fund

PMF Private Mortgage Fund is private lender headquartered in Calabasas, CA. They provide loans in California. They provide loans for investments properties, commercial loans, fix and flip loans, and cash out hard money loans. They offer terms between 12 months and 36 months, loan amounts ranging from $250,000 to $20,000,000 with a maximum LTV of 65%, and rates ranging between 7.75% and 9.99%. They do not require borrowers to have a minimum FICO rating to obtain a loan. They make loans on all the following types of properties: single family, multi-family units, retail storefronts, offices, and industrial buildings.

Loan Types Offered: Investment Property Loans, Fix and Flip Loans, Commercial Hard Money Loans, Refinance / Cash Out Loans

Property Types Covered: Single Family, Multi Family, Retail, Office, Industrial

Areas Served: CA

Lending Guidelines for PMF Private Mortgage Fund

Below are the general loan guidelines published on the PMF Private Mortgage Fund website. Please confirm all terms and rates directly with the lender.

Loan Examples

The following loans are for education purposes only. They do not represent actual loans executed by PMF Private Mortgage Fund.

Loan Example 1

Jodie finds a townhome in Los Angeles, CA to rehab and re-sell. Since she doesn't have enough cash on-hand to purchase the $200,000 property outright, she decides to take out a fix and flip loan from PMF Private Mortgage Fund. Since the lender agrees to a 65% loan to value, Jodie will have to put 35% down and the principle amount of the loan will be $130,000. The parameters of the loan also stipulate a one percent origination fee that will be paid at closing and a 18 month, interest-only note with a 11% rate of interest.

In addition to paying the $1,300 origination fee, Jodie will also have to fund $70,000 of the purchase with her own money, or 35% of the purchase price. After the loan is closed and Jodie takes over the property, she will begin making payments each month of $1,192 to PMF Private Mortgage Fund ($130,000 principle x 11% / 12 months). If Jodie meets her goal of a $260,000 total sales price when the loan term expires, she would pocket a gross profit of $37,250 after repaying the principle on the note and subtracting the cash she contributed at closing, the origination points, and the total interest payments.

Loan Example 2

Bill is a an investor in Los Angeles, CA. He finds a run-down house for a renovation project and obtains a fix and flip loan from PMF Private Mortgage Fund with the following features:

$160,000 purchase price
80% loan-to-value (LTV)
18 month term
8% interest rate
3% origination fee

If Bill succeeds in his goal of a $216,000 sales price, the outcome of the deal will be the following:

$216,000 sales price
- $128,000 note principle (80% LTV)
- $32,000 cash paid at closing (20% on 80% LTV)
- $3,840 origination points (3% of the $128,000 principle amount)
- $15,360 interest payments (18 months x 8% interest)
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= $36,800 gross profit (doesn't include taxes or renovation costs)

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