What is "fractional interest mortgage investment"?
These are first mortgage loan investments serviced by Bachman Lear. Investor can purchase a fraction of a loan they choose and enjoy yields of 8, 9, 10% and more. The loans are low loan to value mortgages on income producing commercial real estate. These are excellent investments returning outstanding yields at a time when common investments are risky and regular savings pay very little.
The FIMI Florida private investment and participation process is managed on the FIMIForida.com website dedicated to this function. The site is a restricted access site for investor clients only. On the site investors can review Investor Bulletins of open participations, documents in support of the credit application, make an investment deposit electronically through third party funding account managers and follow the servicing history of their loans in affect.
FIMI Florida is a division of Bachman Lear. Fractional Interest Mortgage Investment is how we’re making the high yield mortgage investment opportunity available to our clients. In our work with banks in Florida we receive referrals of loans they cannot do for one reason or another. Our commercial loan staff will determine optimum placement which may be with another bank or national lender with whom we work. From time to time some of the loans are particularly suitable for private investment. That is, they are traditionally easy to manage, desirable commercial properties with good lease income and significant equity. The loan request would be a very good investment for any lender. Under these circumstances and with the authority we have as a Florida Mortgage Lender/Servicer, Bachman Lear can invite a private investor or group of private investors to participate in the making of these loans. In some cases our individual investors can participate with as little as $10,000.
You must have an invitation code to register at FIMIFlorida.com to gain access. Please contact your representative for more information.