**Exhibit      31.2**

**CERTIFICATION**

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|   |                      (a) Designed such disclosure controls and procedures, or caused such                disclosure controls and procedures to be designed under our supervision,                to ensure that material information relating to the Registrant, including                its consolidated subsidiaries, is made known to us by others within                those                entities, particularly during the period in which this report is                being                prepared; |
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|   |                      (b) Paragraph omitted pursuant to SEC Release Nos. 33-8238 and                34-47986;                                                                                                                                                                                                                                                                                                                                                                                                     |
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|   |                      (c) Evaluated the effectiveness of the Registrant’s disclosure                controls and procedures and presented in this report our conclusions                about                the effectiveness of the disclosure controls and procedures, as of                the end                of the period covered by this report based on such                evaluation; and                                                                                                |
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|   |                      (d) Disclosed in this report any changes in the Registrant’s internal                control over financial reporting that occurred during the Registrant’s                most recent fiscal quarter that has materially affected, or is reasonably                likely to materially affect the Registrant’s internal control over                financial reporting; and                                                                                       |

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|   |                      (a) All significant deficiencies and material weaknesses in the                design or operation of internal control over financial reporting                which are                reasonably likely to adversely affect the Registrant’s ability to record,                process, summarize and report financial                information; and |
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|   |                      (b) Any fraud, whether or not material, that involves management or                other employees who have a significant role in the Registrant’s internal                control over financial reporting.                                                                                                                                                  |

|                     |   |   |                                                                   |
|--------------------------|--------|--------|------------------------------------------------------------------------|
|                     |   |   | /s/ M.              Gwen              Melanson                    |
|                          |   |   | M.                Gwen Melanson                                        |
|                     |   |   | Chief                Financial Officer*                           |
|                     |   |   | Point                Center Financial Inc.,                       |
|                     |   |   | Sole                Manager of Point Center Mortgage Fund I, LLC  |
|                     |   |   |                                                                   |
| Date: May 15, 2006  |   |   |                                                                   |

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| *  | M.                Gwen Melanson functions as the equivalent of the chief financial                officer                of the Registrant. |

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