Shriners Hospitals for Children Provides Pediatric Orthopedic Care

Shriners Hospitals for Children pic

Shriners Hospitals for Children

Barry Kornfeld is a financial advisor who assists his clients through focusing on First Position Commercial Mortgage Notes (FPCMs). Apart from his professional responsibilities, Barry Kornfeld also participates in charity work. One institution he supports is Shriners Hospitals for Children.

Donors offer financial support to Shriners Hospitals for Children to help the medical institution fund both patient treatment and research. The hospital concentrates on providing quality care in several specialty areas, one example being Orthopaedics. Such care has been the foundation of Shriners’ mission since it was established in 1922. Through the support of the community, the nonprofit hospital is able to provide orthopaedic care for children afflicted with various conditions such as hand disorders, scoliosis, and osteogenesis imperfecta.

Shriners Hospitals for Children also provides orthotics and prosthetics (O&P) patient care in several facilities. Its O&P departments work closely with occupational and physical therapists to provide the best possible care for its young patients.


First Position Commercial Mortgage FAQ

Barry Kornfeld pic

Barry Kornfeld

The co-owner of First Financial Tax Group, financial advisor Barry M. Kornfeld is an alumnus of American University in Washington, D.C. In his professional life, Barry Kornfeld focuses on assisting his clients plan for retirement and is experienced in facilitating first position commercial mortgage notes (FPCMs).

Listed below are three frequently-asked questions about FPCMs.

1. What does “first position” mean?
When a client chooses an FPCM, he or she is taking out a third-party loan backed by a piece of commercial real estate property to accrue interest on a monthly basis. The first position refers to the fact that the person who is issued the FPCM retains priority over any other claimants or liens that could befall the property if it should default. Mr. Kornfeld and his team further insulate their clients from this event by using an industry leading specialty mortgage company that contractually obligates itself to make payments to the FPCM 1-year note holder, even in the event of borrower distress. They will do this to protect their own 2nd interest, which is subordinate to our own 1st position status.

2. What kind of properties are used in a first position commercial mortgage?
The real estate involved in an FPCM can be one of many different types of commercial properties, including retail buildings, mixed-use developments, offices, or even apartment complexes. Commercial property assets are generally recognized as more stable forms of lender collateral.

3. What is the fixed rate for an FPCM?
First position commercial mortgage rates typically start at 6 percent, and can escalate from there, depending on the level of one’s commitment. FPCM clients enjoy monthly interest payments over the course of a one-year loan term, with a full return of principal paid also at maturity.

What Is a First Position Commercial Mortgage?

Barry Kornfeld pic

Barry Kornfeld

Barry M. Kornfeld is a financial advisor and co-owner of First Financial Tax Group in Boca Raton, Florida. In this position, Barry Kornfeld focuses on assisting clients in building retirement funds through first position commercial mortgages (FPCMs), which differ from other retirement strategies in several ways.

A FPCM is a secured 12-month loan that presents clients with a retirement alternative considered to be safer than many other options. This is because the mortgages that back this retirement strategy are commercial in nature, leading to greater market stability and a higher yield on returns. The properties involved in an FPCM can be one of a wide variety of real estate options, including mixed-use properties, office buildings, or other high quality commercial real estate assets.

An FPCM pays out monthly interest to its holder, at a fixed rate of 6 percent per annum. Over the course of one year, clients with FPCM notes earn income on a monthly basis and receive a full return of principal once the FCPM loan term has reached it’s maturity.

The Reliability and Yield Advantages of FPCM Notes

stocks and bonds

stocks and bonds


Respected Florida financial advisor Barry M. Kornfeld leads First Financial Tax Group in Boca Raton. He offers clients a full range of retirement advice and income planning services. At the core of Barry Kornfeld’s offerings are first position commercial mortgage notes, or FPCMs, which are designed as fixed income alternatives that offer a safer pathway to monthly income.

Also known as secured bridge loans, FPCMs provide a reliable route toward predictable 6 percent returns over a one-year period, with interest paid on a monthly basis. Secured through insured property that acts as collateral, FPCMs are not subject to the fluctuations experienced with portfolio strategies such as stocks and bonds.

This type of loan is particularly valued for its combination of principal stability, high yields and short duration. This can free up funds for discretionary use once the one-year term has ended. Because the commercial mortgages have hard assets at their foundation, they provide lenders with peace of mind. Should a default occur, the property will simply be foreclosed on and the funds used in securing the loan recouped by the commercial lending firm that sponsors the transactions. Importantly, monthly payments and full principal redemption are contractual obligations of the commercial lending firm that Kornfeld uses for these transactions, even if the underlying property owner defaults. Importantly, the commercial lending firm that Kornfeld uses for these transactions, will have a second lien position in every FPCM that is offered, which is subordinate to all first lien positions. So, they can’t get their money out, until all FPCM clients get theirs out first.