Company History
MIT is a group of 25 Commercial Mortgage Lenders who offer the best possible mortgages throughout the country with the most capable experts with the best track records. For example, MIT purchased a 1.1 million square foot major city hospital valued at $138 million for $8 million and then co-ventured with 16 doctors to operate the hospital. MIT supplied all funds for stabilization. Upon stabilization, there was a final purchase price established of $50 million where all investors shared in gains.
MIT and general partners have the ability to finance privately within MIT International Lending. MIT is also a high yield lender and can close within 96 hours. MIT generally buys Supreme Court foreclosures and discounted Government FHA and Fannie Mae defaulted mortgages over $50 million.