This is not a commitment to lend. All offers of credit are subject to approval. Restrictions apply. Loan Mac, Inc. reserves the right at any time to changes the rates, terms and guidelines described on this website.
LOAN PRODUCTS TAILORED TO YOUR NEEDS
THIS IS HOW IT WORKS
We offer a wide range of loan options, which are flexible enough to handle most of your residential or commercial needs.
These loans provide short term financing for companies or individuals as a bridge to permanent financing. Typically 1-3 year terms, rates starting at 7.99%, up to 80% LTV.
Scenarios: Purchasing an unstabilized apartment building, buying a property before your existing property is sold, escrow deadline of less than 10 days, pre SBA funding, land purchase, and more.
Low rate loans designed for borrowers seeking short or long term financing without tax returns or bank statements. Typically up to 30-year term option, rates starting at 5.875%, up to 80% LTV.
Scenarios: Recently left a W-2 (employee) job, haven't files taxes yet, debt to income disqualification, subpar credit, and more.
Short term loans for investors who want to buy, rehab and sell properties.
Scenarios: Buying a beach property to rehab and sell, buying a condo and installing new cabinets and flooring, adding additional units, and more.
We fund ground up construction and partially completed projects. Typically these loans are for 12-24 months, depending on the sophistication of the project, and up to 90% LTC.
Scenarios: Building a spec home, building a mixed use project, broken construction completion, and more.
Often a borrower needs financing, but does not want to refinance their existing, low rate first mortgage. Typically these loans are up to 70% CLTV and start at 9.5%.
Scenarios: Borrower needs cash out for business on an owner occupied property, purchase proceeds on a 1st position lien are not enough, borrower has a temporary cash flow issue, and more.
These loans are for non-US citizens or residents. These loans can be for the purchase, refinance, or cash out of a commercial or residential property.
Scenarios: Mexican citizen buying a property in La Jolla, CA, Russian green card holder refinancing an investment property in Beverly Hills, Chinese citizen buying an office property in Texas, and more.
Land loans are often challenging to fund and we must see a clear plan or exit involved. On occasion, we will offer longer terms depending on the level of borrower sophistication.
Scenarios: Buying land to build a house, refinancing land, cash out, and more.
These are complex loans that involved multiple cross collateralized properties or highly creative structures that are atypical.
Scenarios: Borrower's funds are tied into a trust that she does not control, mixed debt/equity, bank, and more.
Banks generally do not lend on cannabis-related property. We will provide purchase or refinance financing to responsible borrowers where there is a clear takeout strategy and non-cannabis valuation.