History
Tobias & Cece Preston were attending college at the University of Alaska Fairbanks in the late '80s and planned to earn their teaching degrees to complement the fishing business. That is, until the winter of '89, when they drove 711 miles in the Arctic winter to attend a seminar on how to buy real estate notes... Tobias and Cece saw a great opportunity to create a business that would serve both real estate note sellers, as well as investors. Timing was good after the S&L crash, as real estate notes were plentiful at the same time that investors were looking for alternatives to Wall Street. They put an ad in the Fairbanks Miner offering a 12% First Trust Deed and found a businessman who wanted to invest. The transaction was successfully closed and McKinley Mortgage was born!
Specialties
Whether you have an existing note or are thinking of investing in one McKinley Mortgage Company has the experience to assist you with your best options for management and sales. A family based company, who has been a specialist in the business since 1989, McKinley Mortgage Company is your one-stop shop for direct note sales and investments.