The Managed Mortgage Investment Fund LP
832-577-8838
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Business Information
Business Description
The Managed Mortgage Investment Fund LP and Mortgage Investments Texas LLC provide short term private mortgage financing (hard money loans) secured by investment real estate. We provide these hard money loans to be used for the acquisition, rehabilitation and equity cash out of commercial properties in Texas and Arizona.
We are able to close most loans in 2 weeks or less versus the 10 weeks or more institutional lenders require to close and fund a commercial mortgage loan. Further, our loans are asset based; the real property itself is the basis of our lending decision. Hence, if a property is producing or can produce sufficient income to pay our note and the value of the property will fully secure the note and provide sufficient equity, then the borrower's credit is not an issue. Instead of concentrating on minute detail of the borrower's credit history as institutional lenders do, we concentrate our due diligence efforts on the real estate securing the loan. We provide the professional real estate investor with the ability to borrow on underwriting criteria not available through institutional lenders. No credit check or detailed application forms are required and we can usually render a decision in 24 hours.
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