TMAC Transaction Highlights
First and second lien residential and commercial loans having the following general characteristics
TMAC is aggregating non-consumer residential (OO business purpose and NOO business purpose) loans that are originated by mortgage companies. Our purchase program for these loans has the following parameters:
Geography: Western States (primarily California).
Loan Size: $500,000-$3,000,000
LTV Max : 70% ( first liens or combined first and second liens)
Term: 1-5 years
Interest Rate: 7-9 % (first liens) ,10-12% (second liens)
Borrower FICO: 620 plus
Borrower Financial Information : Stated on Form 1003
Servicing: Released or by FCI Lender Services
GOOD PROPERTIES IN GOOD LOCATIONS
Relationships enabling mortgage companies to offer quality private money finance options to their clients.
TMAC has established three significant relationships for private money finance availability with major National mortgage banking companies.