TMAC Transaction Highlights

Single Family Residence Acquisitions

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

A TMAC affiliate acquired 12-14 single family townhomes where the properties were undergoing significant multi-million dollar repair work related to water intrusion issues. HOA litigation was ongoing.

First and second lien residential and commercial loans having the following general characteristics

© 2013 by The Mortgage Acquisition Corporation