Loan amount
$400K-$3M
Loan-to-value (LTV)
65%
Required credit score
500
Required deal experience
None
Rates
12% or 12.75%
Fees
2-4 points at closing
Address
32416 Autumn Forest Ct., Magnolia, TX 77354
About
Private Mortgage Financing Partners is controlled by its two managing partners, Don Konipol and Mitch Vicknair. Don and Mitch have worked together in various capacities for nearly 20 years. Most recently, they have helped each other source and fund private mortgages. Through this process they identified a need in the market for a single source that provides uniform underwriting and consistent, timely results for a broad array of commercial mortgages that fall outside the approval parameters of traditional financing. The desire to meet this need led them to form Private Mortgage Financing Partners.
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