Loan Mac, Inc.
Los Angeles, CA
CA DRE Broker Lic. 02116692
Private Money for Business-Purpose 2nd Mortgages
Loan Mac offers a unique junior lien private lending solution to help property owners cash out equity. We pride ourselves on speed and most of our loans close in a matter of days, with minimal paperwork and in-house valuations.
- Lending in select states: CA, CO, FL, GA, HI, WA
- Almost all types of property considered, including land
- Owner-Occupied Homes and Investment Properties
- 51% or more of loan proceeds must be used for business or investment purposes
- Up to 75% Combined Loan-to-Value for improved property
- Up to 50% CLTV for land and ag properties
- We lend based on as-is value, not after-repair value
- In-House Valuations (no appraisals)
- Credit scores as low as 640 accepted; lower credit score results in lower LTV
- Brokers Protected (most of our business comes from brokers)
Please note: we do not offer loans for consumer purposes or ground-up construction projects.
Property Geographic Area Details
California, Colorado, Florida, Georgia, Hawaii, Washington
Loan Amounts
$30,000 to $800,000
Interest Rates
9.99% to 12.99%
Loan Terms
6 months to 24 months
Origination Fees
1% to 3%
Lien Position
1st, 2nd
Maximum Leverage
Refinance Short-Term (no Cash Out)
Max CLTV 2nd Lien Residential: 75%
Max CLTV 2nd Lien Multifamily: 75%
Max CLTV 2nd Lien Commercial: 75%
Max CLTV 2nd Lien Land: 50%
Refinance & Cash Out Short-Term
Max CLTV 2nd Lien Residential: 75%
Max CLTV 2nd Lien Multifamily: 75%
Max CLTV 2nd Lien Commercial: 75%
Max CLTV 2nd Lien Land: 50%
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
- Church
- Club
- Commercial Condominium
- Commercial Land
- Community Center
- Condominium
- Cooperative
- Covered Land
- Event Center
- Gas Station
- Gym
- Healthcare
- Hospital
- Hostel
- Hotel
- Industrial
- Manufactured Home
- Mixed-Use
- Mobile Home
- Mobile Home Park
- Motel
- Multifamily
- Night Club
- Office
- Parking Garage
- 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
- Residential Bridge
- Residential Owner-Occupied
- Multifamily Bridge
- Commercial Bridge
Specialty Loan Types
- 2nd Mortgage Equity Cash Out
- Luxury Homes
- Vacation Rental
Junior Lien Loan Amounts
$30,000 to $800,000
Junior Lien Interest Rates
9.99% to 12.99%
Junior Lien Loan-to-Value
75%
Junior Lien Loan-to-Cost
75%
Junior Lien Origination Fees
1% to 3%
We Fund Junior Position Loans
Often
Junior Lien Types
- Purchase
- Refinance
- Equity Cash Out
Agribusiness Types
- Cattle Ranch
- Cannabis
- Citrus Grove
- Corn
- Cotton
- Dairy
- Equestrian
- Melons
- Peach
- Peanuts
- Potatoes
- Poultry
- Row Crops
- Swine
- Tree Nuts
- Vegetables
Cannabis Use Properties
75% purchase, 65% refinanceWill Consider Cannabis Use Properties
yesMaximum LTV for Cannabis Use Properties
75%Cannabis Property Use Type
- Cultivation
- Retail Dispensary
- Retail Sales
- Manufacturing
- Processing
- Production
Description
Lower LTV for un-entitled 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
yesMax LTV for Land
50%Max LTC for Land Acquisition
50%Junior Lien Types
- Purchase
- Refinance
- Equity Cash Out
We can fund a 2nd mortgage for a purchase, if the 1st lender is a bank.
Max Loan-to-Purchase Price
75%Borrower Must Have Property Under Contract
noWill Provide Proof of Funds Letter
yesWill Consider Lending on Purchase from Auction
noAllowed Source of Borrower’s Equity
- Own Cash
- Equity in Another Investment Property
- Equity in Primary Residence
Contact Loan Mac, Inc.
Loan Mac, Inc. pays us to be listed, so there is no fee to connect with them directly.
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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.
Associations
- California Mortgage Association
- American Association of Private Lenders
Office Locations
Loan Mac, Inc.3680 Wilshire Blvd., Ste P04-1301, Los Angeles, CA 90010
Our Team
Josiah Puder
President
CA DRE Broker Lic. - 02020855
Contact Loan Mac, Inc.
Loan Mac, Inc. pays us to be listed, so there is no fee to connect with them directly.
Stay Informed About Private Lending
Receive our monthly newsletters with valuable insights and industry updates
Contact Loan Mac, Inc.
Loan Mac, Inc. pays us to be listed, so there is no fee to connect with them directly.
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