Provided JMREI can establish a game plan that benefits both the borrower and the investors, we will proceed with loan approval
A true investment has security which has value that is higher than the amount loaned; that is, interest income that you can feel monthly. The goal is to generate more interest income for you than your living expenses. JMREI structures their private money loans in a way that will insure investor protection, and always follows proper documentation measures with Escrow.
JMREI requires all loans to be impounded to ascertain that your property taxes and insurance are paid in a timely manner. We also take the appropriate measures for protection against default and foreclosures: Investors will always receive payment before Joseph Martelli Real Estate Investments, Inc.
Private Money Loans are funded with individual investors as an alternative to State and Federal Banks. The strict qualifying criteria that are required by State and Federal Banks for borrowers and property restrictions creates a great opportunity for investors to generate monthly income at higher then market interest rates charged by banks. This market is created by banks putting strict regulations on the types of properties they will loan on and qualifications on borrowers that are difficult to meet.
Individual client’s funds are used, instead of State and Federal Bank funds, to originate loans. These funds can be from personal savings, stock portfolios, and pension funds (401K, IRA’S, Profit Sharing, and Defined Benefit Pension Plans), which are not commonly considered as an option to invest into Real Estate.
JMREI Servicing is owned by Joseph Martelli and responsible for collecting and processing all Private Money Loans originated by JMREI
JMREI Servicing Procedures / Responsibilities:
JMREI will also purchase private money loans, or loans made by sellers of real estate through seller carry back financing. This is comparable to banks selling the servicing of your home mortgage. It does not change the interest rate and maturity date of the loan.
Joseph Martelli and Investors purchase notes on non-owner occupied income producing property.