LoanMac was founded with an intention to do it differently. We’ve removed everything we didn’t like from the process and replaced it with everything that we want and expect from a modern lender. Here, you will find an experienced team and organization dedicated to providing you with the level of service you should expect and which puts you and your success first.

We offer a wide range of products, which are flexible enough to handle most of your commercial or residential needs.

Appraisals are not required for 75% of the loans we fund. We only require appraisals for complex CRE deals and some land loans.

Property Geographic Area Details

California, Florida, Texas

Loan Amounts

$100,000 to $7,500,000

Interest Rates

6.5% to 9.5%

Max Loan-To-Value

80%

Max Loan-To-Cost

80%

Origination Fees

0.5% to 1.5%

Loan Terms

6 months to 60 months

Lien Position

  • 1st
  • 2nd
  • 3rd

Loan Purpose

  • Investment Acquisition
  • Investment Refinance
  • Improve Subject Property
  • Use Equity to Invest in Another Property
  • Invest in a Business
  • Business Working Capital
  • Value Add Project
  • Development Project
  • Primary Residence Purchase

Property Occupancy

  • Vacant
  • Tenant Occupied 100%
  • Tenant Occupied Partial
  • Owner Occupied Commercial
  • Owner Occupied Residential
Minimum Occupancy Percentage

0%

Property Types and Loan Types

Collateral Types

  • Residential Property
  • Commercial Property
  • Commercial Property Ground Lease

Property Types

  • 2-4 Units Residential
  • Adult Day Care
  • Agricultural
  • Assisted Living Facility
  • Auto Dealership
  • Auto Repair
  • Bed and Breakfast
  • Cannabis Dispensary
  • Cannabis Grow Facility
  • Car Wash
  • Child Day Care
  • Club
  • Commercial Condominium
  • Commercial Land
  • Community Center
  • Condominium
  • Cooperative
  • Event Center
  • Gas Station
  • Gym
  • Healthcare
  • Hospital
  • Hostel
  • Hotel
  • Industrial
  • Manufactured Home
  • Mixed-Use
  • Mobile Home Park
  • Motel
  • Multifamily
  • Night Club
  • Office
  • Parking Lot
  • Place of Worship
  • Portfolio of Commercial Properties
  • Portfolio of Residential Properties
  • RV Park
  • Ranch
  • Recreational
  • Rehabilitation Facility
  • Religious Facility
  • Residential Land
  • Retail
  • School
  • Senior Housing
  • Single Family Residence
  • Sports Facility
  • Storage Facility
  • Student Housing
  • Vehicle Parking
  • Winery

Loan Types

  • Private Money
  • Hard Money
  • Commercial Bridge
  • Residential Bridge

Specialty Loan Types

  • 2nd Mortgage Equity Cash Out
  • 3rd Mortgage Equity Cash Out
  • Land Development
  • Condo Conversion
  • Residential Long-Term Rental
  • Reverse 1031 Exchange
  • Partner Buyout
  • Foreclosure Bailout
  • Cannabis Use Properties

Junior Liens

Junior Lien Loan Amounts

$50,000 to $2,000,000

Junior Lien Interest Rates

8.99% to 10.99%

Junior Lien Loan-to-Value

70%

Junior Lien Loan-to-Cost

75%

Junior Lien Origination Fees

1% to 2%

We Fund Junior Position Loans

Often

Junior Lien Types

  • Purchase
  • Refinance
  • Equity Cash Out
  • Mezzanine

Agribusiness Loan

Agribusiness Types

  • Cannabis
  • Citrus Grove

Cannabis Use Properties

75% purchase, 65% refinance

Will Consider Cannabis Use Properties

yes

Maximum LTV for Cannabis Use Properties

75%

Cannabis Property Use Type

  • Cultivation
  • Retail Dispensary
  • Retail Sales
  • Manufacturing
  • Processing
  • Production

Land Loan

Description

Lower LTV for unentitled property

Land Types Considered

  • Residential Land
  • Multifamily Land
  • Industrial Land
  • Office Land
  • Retail Land
  • Hospitality Land
  • Agricultural Land
  • Special Purpose Land
  • Cannabis Use Land
  • Covered Land

Will Consider Land That is NOT Entitled

yes

Max LTV for Land

55%

Max LTC for Land Acquisition

55%

Purchase Loan

Max Loan-To-Purchase Price

80%

Borrower Must Have Property Under Contract

no

Will Provide Proof of Funds Letter

yes

Will Consider Lending on Purchase from Auction

no

Allowed Source of Borrower’s Equity

  • Own Cash
  • Partner
  • Equity in Subject Property
  • Equity in Another Investment Property
  • Equity in Primary Residence
  • Seller Financing
  • Family

Details and Requirements

Typical Closing Time (Days)

7

Fastest Closing Time (Days)

5

Works With

  • Brokers
  • Borrowers

Payment Structure

  • Interest Only
  • Amortized
  • Interest Reserve

Pre Payment Penalty

no

Will lend to a foreign national

yes

Will Allow Junior Position Mortgage(s) Behind Our Senior Mortgage

yes

Will Consider Collateralizing Multiple Properties in One Loan

yes

Will Consider Equity Joint Venture

no

Borrower Entity Types Considered

  • Individual(s)
  • LLC
  • Limited Partnership
  • Trust
  • Corporation
  • Non-Profit Corporation
  • Self-Directed IRA

Documentation Required

  • Loan Application

Personal Guaranty (Recourse) Required

Sometimes

Credit Check Required

no

Appraisal Required for Residential Property

Sometimes

Appraisal Required for Commercial Property

Sometimes

Broker Price Opinion (BPO) Accepted for Residential Property

Sometimes

Broker Price Opinion (BPO) Accepted for Commercial Property

Sometimes

Fees

Underwriting Fee

$0 to $0

Processing Fee

Documents Fee

Loan Mac was founded by a diverse group of professionals with backgrounds in law, finance, sales, and management. Whether you are a borrower, investor, or partner, we are committed to providing you with unparalleled service, expertise, transparency, and excellence.

License

CA DRE Broker Lic. 02116692

Company Size (Number of Employees)

5

Year Established

2020

Office Locations

Loan Mac, Inc.
3680 Wilshire Blvd., Ste P04-1301, Los Angeles, California 90010

Primary Capital Source

  • Own Funds
  • Individual Investors
  • Family Offices
  • Private Equity Funds

Alternative Capital Sources

  • Own Funds
  • Individual Investors
  • Family Offices
  • Private Equity Funds

Loan Structure for Majority of Loans

  • One Investor One Loan
  • Table Funding with Capital Partner

Alternative Loan Structures

  • LLC Syndicated Investors

Percentage of company’s lending business focused on private mortgage

100%

Percentage of Loans Secured by Commercial Property

50%

Percentage of Loans Secured by Residential Property

50%

Percentage of Residential Property Loans Which are Fix and Flip

20%

Percentage of Residential Property Loans Which are Buy and Hold

80%

Percentage of Residential Property Loans Which are Owner-Occupied

25%

Percentage of Loans Secured by Land

5%

Percentage of Commercial Property Loans Which are Ground-Up Construction

20%

Percentage of Residential Property Loans Which are Ground-Up Construction

18%

Percentage of Residential Property Loans Which are Long-Term Rental (5+ years)

20%

Total Number of Loans Funded to Date

50

Total Loan Volume Funded to Date

$32,000,000

Josiah Puder

President

License Information
CA DRE Lic. - 02020855
Before You Contact Us

Our Minimum Loan Amount Is

$100,000

What We Do

  • Appraisal Not Required for 75% of Loans
  • Residential Investment Properties
  • Core & Specialty Commercial Real Estate
  • Cannabis Use Properties

Not Available

  • NO Ground-Up Construction
  • NO Rehab Budget Offered
  • NO 100% Financing

Loan Request

Short Description of your Loan Request or Property Address

This information is about yourself, not the subject property.

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(temp use, storage, billboard, parking, etc.)

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If Borrower is not seeking additional funds for the renovation, change the Loan Type to Purchase or Acquisition.

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(temp use, storage, billboard, parking, etc.)

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If Borrower is not seeking additional funds for the renovation, change the Loan Type to Purchase or Acquisition.

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how will the loan be paid off?

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