P/R Mortgage & Investment Corp. (P/RMIC) was established in August of 1990 as a mortgage banking firm specializing in multifamily housing and health care facilities finance in the Midwest. With a combined experience of over sixty years in these types of finance, the officers of P/RMIC desire to utilize their experience and expertise to build a mortgage banking company that provides the best financial services to our borrowing clients and lending investors.

The company has originated and closed over $1.9 billion in loans and now services in excess of $1.2 billion. P/RMIC's primary source of funding is the secondary market of federally chartered agencies and the federal government. The company is an approved FHA mortgagee and is an approved Multifamily Accelerated Processing (MAP) lender for HUD.The company is also a Freddie Mac Program Plus lender and Fannie Mae Prior Approval lender. Additionally, the company is a Rural Housing Service (RHS) approved lender for the Section 538 program. The company has also been approved as a Government National Mortgage Association (GNMA) Issuer of Mortgage Backed Securities (MBS). These agencies offer secondary market programs that provide a full range of loan structures for multifamily rental projects and health care facilities. Through these programs P/RMIC can provide acquisition, refinance, rehabilitation and new construction loans for our clients. These programs offer competitive long-term, fixed-rate loans that will meet the needs of our clients. Through institutional, commercial banking, and savings and loan investors, P/RMIC can arrange interim construction loans and permanent mortgage loans.