Contact info@pmfundllc.com
Location 23586 Calabasas Rd, Calabasas, CA 91302

Bridge and Interim Financing

We provide one to three year bridge and interim financing for non-owner occupied residential and commercial properties in California.

About Our Company

Private Mortgage Fund is a direct California private lender that specializes in quickly closing complex transactions.

We are able to lend on any commercial or residential real estate that is an investment property. We can fund in under a week. All loans are interest only, with no prepay penalty, and no appraisals. If you have a loan scenario you would like us to review you can email or call us for a quote. All quotes are given within an hour and LOI’s can be issued the same day. PMF looks forward to assisting with your next loan.

  • No Pre-Payment Penalty
  • No Past Credit History Required
  • No Appraisals Needed
  • Will Lend to Foreign Investors
  • Will Lend to Corporations, LLC’s, Trusts
  • Brokers, Real Estate Agents, Portfolio Managers Welcome

What we offer?

$250,000 to $25,000,000 Loan Amounts
7.75% to 9.99% Interest Rates
65.00% Max Loan-To-Value
90.00% Max Loan-To-Cost
1% to 2.5% Origination Fees
Loan Terms 1 months to 24 months

Private Mortgage Fund, LLC (“PMF”) is a privately funded lending source which fills the gap for borrowers unable to obtain conventional financing. Despite a loosened credit environment, there are still a variety of reasons why a borrower will need the form of financing we provide.

Our main criteria is to lend against properties only located in California, to be in 1st position only and not to exceed 60% loan to value. Our mission is to create safety for our investors while providing an attractive yield. To achieve this, we do look at the strength of each borrower, however, our main focus is that there is no less than 40% equity remaining after our loan has been made.


Investors are entitled to:

  • View our annual audits
  • Prior year's tax returns
  • Current loan summary
  • Recorded Deeds of Trust
  • Monthly reports via our investor secured website
  • Monthly reporting which details the prior month’s performance
  • Automatic deposit via ACH directly into their designated account
Another attractive feature for investors is “liquidity”. We ask for a one year commitment, yet have always found ourselves in a position to redeem an investor’s interest within 24 hours.

While we cannot guarantee that this will always be the case, we have two methods in which an investor may exit, either through new investors waiting to enter the Fund, or through loan payoff’s.

Copyright © 2019 by PMF. Private Mortgage Fund, LLC.

Mark Kanter

Principal

Mark Kanter graduated from the University of Southern California in 1989, earning a Bachelor of Science degree in Business Administration with a focus on Real Estate Finance.

After graduation, Mr. Kanter took a position as an Associate Broker with Marcus & Millichap, a national real estate investment brokerage firm where he worked for three years focusing on the sale of apartments and shopping centers. In 1992, when the California real estate market was suffering through a recession, Mr. Kanter left M&M to form Assessment Appeals Group, a firm specializing in property tax representation. In 1997, AAG was dissolved, yet the consulting firm still exists today under the dba of Assessment Appeal Advisors. These firms have been successful in represented thousands of property owners in contesting unfair assessments. During this time, Mr. Kanter also formed Commercial Realty Consultants, Inc. CRC is a commercial loan brokerage firm enjoying a strong reputation amongst regional Banks and Institutional Lenders. In 2009, Mr. Kanter along with Ed Fischer and Randy Van Dueck formed Private Mortgage Fund, LLC for which he serves as a Principal owner and Chief Financial Officer of the Manger.

Edward Fischer

Principal

Edward Fischer has been active in the Southern California real estate market since 1989.

In the 1990's, Mr. Fischer represented several local and national lenders in the pricing, evaluation and disposition of their multifamily and commercial assets, while gaining experience in the foreclosure process, workout situations, short sales and the management/receivership of these assets.

Prior to joining Delson/Norris Investment Properties, Mr. Fischer was the Director of Acquisitions for a large privately-held development company, and also the "in-house" broker for a large private income property investment firm. Since joining Delson/Norris In 1993, Mr. Fischer was a top producing income property broker in Southern California and became a named partner of Delson/Norris in 2003.

In March 2009, Delson/Norris/Fischer was acquired by Hendricks & Partners. Hendricks & Partners is a national real estate advisory firm. Mr. Fischer has been involved in the ownership and management of several income properties since 1994 and has been investing in private money trust deeds since 2003. As an active investor in trust deeds, Mr. Fischer's primary focus has been on property value analysis and underwriting, deal structuring, investor relations and overseeing day-to-day servicing issues. Mr. Fischer received a bachelor's degree in Real Estate and Economics from the University of Arizona in 1989 and currently holds an active California broker's license. Ed is a co-founder and one of the principal owners of Private Mortgage Fund, LLC. Since its inception in September 2009, Ed has also served as President of the Manager, PMF Managers, Inc.

Randy Van Dueck

Principal

Randy Van Dueck began his career in real estate in 1985 with First American Title Company, starting as a Customer Service Representative, moving his way up the ladder as a Junior Title Officer, Sales Representative and Subdivision Builder Representative.

In 1989 , Mr. Van Dueck left the Title industry for lending where he held several positions as a Loan Officer for Great Western Bank and Branch Manager for two other privately held mortgage brokerage companies. In 1994, Mr. Van Dueck formed Regency Mortgage Group, a boutique mortgage brokerage and private lending company. In 2000, Mr. Van Dueck started Horizon Mortgage Bankers and Horizon Direct Escrow. Serving as President, he grew both companies to a staff of 150 employees and loan origination volume exceeding $3.0B annually. Dating back to 1986, Mr. Van Dueck has been involved in all aspects of the mortgage industry, including private lending, underwriting, title, escrow and servicing. Randy Van Dueck is a Principal in Private Mortgage Fund, LLC.

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