About Us

In the 1950’s, Eugene Foley (Gene) recognized a need in his community.  He saw that homeowners had created home equity, but had no way to use cash from that equity. Through his network, he found private investors willing to make loans to these homeowners.  These loans were usually small, second mortgages behind fixed, 30 year bank loans.  They were costlier than traditional bank loans and nicknamed “hard money loans”.

Gene soon opened E. F. Foley & Co., a small mortgage office on Lincoln Avenue in Willow Glen.  From this location, he arranged home loans for families, financed small businesses and offered income to grateful investors

By 1989, E. F. Foley & Co., Inc. had outgrown its Willow Glen office and moved into a new office on The Alameda.  By then, Pam Foley, Gene’s daughter-in-law, had been working at E. F. Foley & Co., Inc. for several years as a loan officer.

In 1993, after 36 years in business, Gene sold his company to Pam and his son, Mike.  They continued to grow the business and began offering traditional 15 and 30 year fixed mortgage home loans.  Today Foley Mortgage continues to make hard money loans, but the rates and points are only a fraction of what they once were.

Still owned by Mike and Pam Foley, Foley Mortgage is dedicated to fulfilling all of your financing and real estate needs.  The staff is friendly, dependable and professional; qualities you would expect from a company that has been around for over 60 years.

Gene Foley
Old Movie Theatre Next to E.F. Foley office.
E.F. Foley & Co. Old Office

Meet the Team

Cheryl Mehe’ula

Senior Loan Officer


Cheryl is a self-described “deal maker” with a deep knowledge and understanding of mortgage products. Cheryl’s clients have been singing her praises for decades because of her ability to close loans smoothly. She has the ability to educate, empower and make comfortable first time home-buyers. Cheryl got her start with a San Diego finance company in 1977. Eventually, she became Vice President of a Thrift & Loan office. Cheryl has been with Foley Mortgage since 2000.

Cheryl is a well-respected and active member of the mortgage and real estate community, having served on the Board of the California Association of Mortgage Professionals, Silicon Valley Chapter (CAMP, formerly CAMB) for more than 20 years. In 1999, Cheryl was a founding member of the Silicon Valley Chapter of CAMB and twice was Associate of the Year (2008-2009 & 2012-2013). Cheryl is also an active member of the Santa Clara County Association of Realtors, the California Association of Realtors, and was 2017 board president of NetWork Today.

Loan Officer, CalDRE 01188224, NMLS 296565

Mike Foley

Owner & Chairman

Mike Foley

Mike Foley is the co-owner & creative side of Foley Mortgage. For more than 25 years, Mike has had the strategic vision that has culminated in a trusted and stable Bay Area private money lending company.

Mike grew up in the shadow of his father “Gene” Foley, the company founder. Gene taught his son the fundamentals of real estate valuation and the importance of reputation. Mike gets to wear many hats in the business including: branding, marketing, social media, human resources, property inspections, and technology implementation.

No matter what hat he’s wearing, his goal is simple — to have Foley Mortgage provide friendly, seamless, personalized & knowledgeable service to every client or potential client that calls.

Pam Foley

Owner & Broker

Pam Foley

As broker, Pam oversees and supervises all real estate loan transactions conducted at Foley Mortgage.  Pam started out in the real estate profession in 1983 as an escrow and title assistant at Transamerica Title. Later, she moved to California Land Title in 1985. Pam began working for E. F. Foley & Co., Inc. as a loan officer in 1987, eventually purchasing the company from Gene in 1993 with her husband Mike.

Pam serves as a leader in her community too. She has been elected to the San Jose City Council for a four year term and took office January 1st, 2019.

Past and present honors, boards & memberships include:

  • Council Member, San Jose City Council (2019-present)
  • Board Member, San Jose Unified School District (2004-2018)
  • Board Member, Willow Glen Foundation (2004-2018)
  • Member, Rotary Club of San Jose (2000-present)
  • President, San Jose Unified School Board (2008, 2013 & 2017)
  • Board of Directors, Rotary Club of San Jose (2007-2010)
  • Board Member, Rotary Endowment (2003-2006)
  • VP of Strategic Planning, California Association of Realtors (2004)
  • President, San Jose Real Estate Board (1998)
  • Realtor of the Year (San Jose 1996)
  • Director, California Association of Realtors (1990-2004 with over 150,000 members)
  • President, Women Council of Realtors (1990)
  • Chairwoman, Women and their Children’s Housing (WATCH), a non-profit helping domestic violence victims (1994 & 1995)

Broker, CalDRE 00949609, NMLS 350289

Larry Lupo

Larry Lupo

Loan Officer

Larry is new to Foley Mortgage but not to lending. Larry went to work for his father’s private money loan business “Lupo Enterprises” in 1985.

Larry liked this business of helpping home owners access their equity. Sadly after 8 years his dad passed away. Without a broker Larry would need a place to hang his license. Larry found a home with Highland Financial where he remained for the next 25 years.

Then Larry tried out retirement in 2018, after a year he became restless and missed the relationship he had developed with Mortgage Brokers, Trust Attorneys, Fiduciaries & Estate Planners who referred him business. Larry is an Affiliate Member of the Professional Fiduciaries of California and the Santa Cruz County of Estate Planners Council.

Larry is excited to be out in the field arranging loans again and Foley Mortgage couldn’t be more pleased to have such an experienced loan officer join our team.

Loan Officer, CalDRE 01188224, NMLS 296565

Corinna Ruelas

Corinna Ruelas

Private Money Loan Processing & Servicing

Corinna has been a member of Foley Mortgage since 2003. Corinna is a superstar handling our private money loan processing & servicing. Corinna has a strong background in customer service. She always has a smile and her laugh makes clients happy and the workplace fun.

Melissa Maclay

Melissa Maclay

Loan Processor & Notary

Melissa is the friendly face that greets you as you enter our office. She processes, collects and submits data to the lenders of conventional home loans including: Purchases, Refinances, Adjustable Rate, Jumbo, Reverse Mortgage, FHA & VA Loans. Melissa brings 17 years of mortgage loan experience with her. Other duties include real estate transaction coordinator and Notary Public.

Trista Gladstone

Trista Gladstone

Administrative Assistant

Trista has known the Foley family since her son went to Kindergarten with Mike & Pam’s Daughter. Trista is a super capable administrator with a degree in accounting from San Jose State University.

Trista had a standing invitation to work at Foley Mortgage for many years. As her kids got older she finally decided to learn something new and came to work at Foley Mortgage.