PMCC FINANCIAL CORP
SC 13G, 1999-02-17
MORTGAGE BANKERS & LOAN CORRESPONDENTS
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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549



                                  SCHEDULE 13G


                    Under the Securities Exchange Act of 1934
                              (Amendment No. ___)*



                              PMCC FINANCIAL CORP.
- --------------------------------------------------------------------------------
                                (Name of Issuer)



                                  COMMON STOCK
- --------------------------------------------------------------------------------
                         (Title of Class of Securities)



                                    693429102
 ------------------------------------------------------------------------------
                                 (CUSIP Number)

                                FEBRUARY 14, 1999
             (Date of Event Which Requires Filing of this Statement)


     Check the  following box if a fee is being paid with this  statement:  . (A
fee is not required only if the filing person : (1) has a previous  statement on
file  reporting  beneficial  ownership of more than five percent of the class of
securities  described  in Item 1;  and (2) has  filed  no  amendment  subsequent
thereto reporting  beneficial  ownership of five percent or less of such class.)
(See Rule 13d-7.)

     *The  remainder  of this cover  page  shall be filled  out for a  reporting
person's  initial  filing on this  form with  respect  to the  subject  class of
securities,  and for any subsequent amendment containing information which would
alter disclosures provided in a prior cover page.

     The  information  required in the remainder of this cover page shall not be
deemed to be "filed"  for the purpose of Section 18 of the  Securities  Exchange
Act of 1934 ("Act") or otherwise  subject to the  liabilities of that section of
the Act but shall be subject to all other  provisions of the Act  (however,  see
the Notes).


<PAGE>

CUSIP No.  693429102                  13G           Page  2  of   5   Pages
         
- --------------------------------------------------------------------------------
- -------------------------------------------------------------------------------

    1       NAME OF REPORTING PERSON
            S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

            Ronald Friedman
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------

    2       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*               (a)
                                                                            (b)

- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------

    3       SEC USE ONLY
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------

    4       CITIZENSHIP OR PLACE OF ORGANIZATION

              USA
- --------------------------------------------------------------------------------

      NUMBER OF            5      SOLE VOTING POWER
        SHARES
     BENEFICIALLY                 1,885,000
       OWNED BY
         EACH
      REPORTING
        PERSON
         WITH
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------

                           6      SHARED VOTING POWER

                                  0
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------

                           7      SOLE DISPOSITIVE POWER

                                  1,885,000
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------

                           8      SHARED DISPOSITIVE POWER

                                  0
- --------------------------------------------------------------------------------

9
            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

            1,885,000
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------

10         CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*


- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------

11          PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

            50.2%
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------

12          TYPE OF REPORTING PERSON*

            IN
- --------------------------------------------------------------------------------
                      *SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>

                                AMENDMENT NO. __
                                       TO
                                  SCHEDULE 13G

Item 1(a).        Name of Issuer:

                  PMCC Financial Corp.

Item 1(b).        Address of Issuer's Principal Executive Offices:

                  66 Powerhouse Road
                  Roslyn Heights, New York 11577

Item 2(a).        Name of Person Filing:

                  Ronald Friedman

Item 2(b).        Address of Principal Business Office or, if None, Residence:

                  c/o PMCC Financial Corp.
                  66 Powerhouse Road
                  Roslyn Heights, New York 11577

Item 2(c).        Citizenship:

                  USA

Item 2(d).        Title of Class of Securities:

                  Common Stock

Item 2(e).        CUSIP Number:

                  693429102

Item              3. If this statement is filed pursuant to Rules  13d-1(b),  or
                  13d-2(b), check whether the person filing is a:

                  Not applicable

<PAGE>



Item 4.  Ownership.  As of December 31, 1998

                  (a)      Amount beneficially owned:1,885,000

                  (b)      Percent of class:50.2%

                  (c) Number of shares as to which such person has:
<TABLE>
<CAPTION>
                           <S>      <C>                                                   <C>    

                           (i)      Sole power to vote or direct the vote:                1,885,000

                           (ii)     Shared power to vote or direct the vote:              0

                           (iii)    Sole power to dispose or direct the disposition of:   1,885,000

                           (iv)     Shared power to dispose or direct the disposition of: 0
</TABLE>

Item 5.  Ownership of Five Percent or Less of a Class.

                  Not applicable

Item 6.  Ownership of More than Five Percent on Behalf of Another Person.

                  Not applicable

Item 7.  Identification and Classification of the Subsidiary Which Acquired the
                  Security Being reported on by the Parent Holding Company.

                  Not applicable

Item 8.  Identification and Classification of Members of the Group.

                  Not applicable

Item 9.  Notice of Dissolution of Group.

                  Not applicable

Item 10. Certification.

                  Not applicable

<PAGE>


                                    SIGNATURE

         After reasonable  inquiry and to the best of my knowledge and belief, I
certify that the information  set forth in this statement is true,  complete and
correct.

Dated:    February 14, 1999

                                        /s/ Ronald Friedman
                                        ------------------------------------


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