Justin Johnson

Cerritos, CA (USA)
Role(s):
Other

Quest Mortgage Fund LLC

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Location: Cerritos
Industry: Real Estate
Year Founded: 2007
Number Employees: 1-10 people
Description: Quest Mortgage Fund, LLC (QMF) is a mortgage income fund comprising of loans in a pool secured by real estate. The fund provides an excellent rate of return on investment for investors, monthly cash flow, and low management fees. QMF mitigates risk with our thorough underwriting of both the borrowers ability to make payments and the property evaluation for collateral protection. The loans are typically short-term loans of 6 years, but in most cases pay off is much quicker as for most borrowers we are solving a short term problem for them. General Fund Information: • 100% of investment goes into the Fund • Financials are reviewed quarterly & audited annually • Reports are made available to investors regularly • Distribution can be paid monthly, reinvested, or a combination thereof • Individual minimum investment is $25,000 initially; additional investments may be made in increments of $5,000 thereafter • Each loan that is added to the Fund’s pool meets the necessary guidelines designed to mitigate as much risk as possible • Acceptable debt-to-income ratio for borrower • Sufficient equity in underlying property-combined loan-to-value (CLTV) up to 70% • Appraisals and an independent value confirmation • Title insurance to protect the loan’s position • Homeowner’s insurance to protect against unforeseen property loss • Most are 6 year loans with no prepayment penalty