Residential and Commercial Lending

                                         Life Insurance Company Commercial Mortgage Loan Options (Easier Loan Process than Government or CMBS Loans) "Lifeco" loans, or loans from life insurance companies, are  a type of commercial real estate financing that offer mid to long-term, fixed-rate, and non-recourse options , often with lower rates and longer amortizations than other commercial real estate loans.   Here's a more detailed breakdown: Key Features of Lifeco Loans: Long-Term Financing: Lifeco loans are typically designed for long-term holding periods, often with terms exceeding 10 years, sometimes up to 15 or 20 years.   Fixed Interest Rates: Interest rates are usually fixed at the time of the loan application, providing borrowers with greater certainty and predictability.   Non-Recourse: These loans are generally non-recourse, meaning the len...

Low Overhead + Low Margins = Low Rates Without question mortgage rates are a very hot topic..   One common question that  I am often asked  is how I can generally offer a lower rate than the homeowner's current lender/servicer (even though I may have originally closed the original loan for the homeowner with this same servicer)? As a wholesale broker I receive wholesale rates which are generally .25%+ lower than what a homeowner's current loan servicer will offer directly as they price rates as "retail" and not "wholesale". Their hope is that the homeowner does not question the fact the loan servicer is only handling the mortgage payments (most of the time Fannie Mae, Freddie Mac, HUD or VA owns or insured the loan) and a  brand new loan  has to be originated on any refinance.  Ironically, I  work directly and receive wholesale rates from a very well known "automated" lender that advertises day and night on television, internet and the radio throug...

  As part of our mortgage operations we also purchase Secured Notes and Deeds of  Trust!     Helping our clients with their liquidity needs! Seller Carryback  Land Contracts  Deeds of Trust  Loan Agreements  Performing and Non-Performing 1st and 2nd Notes/Deeds of Trust Secured by Real Estate  (Residential and Commercial)  Real estate loan buyouts - offering a quick closing at a fair market price Single Family Condominium Townhome 1-4 Units Apartments Office Warehouse Mixed-Use Industrial Lots/Land Construction Buyout Reasons to sell your note: New Investment Opportunities College Tuition Pay Off Debt Divorce Settlement Estate Settlement Prefer Cash Liquidity Contact us with any questions at  www.McCormickLendingGroup.com Bob McCormick, President   Toll Free 800-328-0144   Email-  McCormickLending@gmail.com 14362 N Frank Lloyd Wright Blvd #1000 Scottsdale, AZ 85260 23 Corporate Plaza Dr. #150 Newport Beach, CA 92...

"Non-QM" Portfolio Underwriting Options  12 or 24 month bank statement income options Asset Depletion for Income Bank Statement Balance = Loan Amount  Alternative Income (1099 only, employment verification form, ITIN) Debt Service Coverage Ratio (DSCR) P&L Only Foreign National  Credit score as low as 620 Loans up to $4,000,000 Contact Us With Any Questions Visit us at  www.McCormickLendingGroup.com Bob McCormick, President   Toll Free 800-328-0144   Email-  McCormickLending@gmail.com 14362 N Frank Lloyd Wright Blvd #1000 Scottsdale, AZ 85260 23 Corporate Plaza Dr. #150 Newport Beach, CA 92660  mb0903631 nmls175743 nmls179756 Cadoc603J043 Equal Housing Lender

Low Documentation Commercial and Investor Program Designed for borrowers seeking lower payments on a long-term, fixed-rate loan with no balloon payment and simple underwriting documentation. KEY FEATURES 30-year fixed rate option Interest-only payments up to 10 years. Great for self-employed investors and small business owners. Based on property value, not personal income. Best alternative to hard money loans. PROPERTY TYPES Investor 1-4 (SFR, Condo, and 2-4 Units) Multi-Family (5+ Units) Mixed-Use Commercial (Office, Retail, Warehouse, Self-Storage and Automotive) High Equity Loan A low LTV loan with easy credit requirements Designed for investors with derogatory credit issues and high equity seeking quick and easy credit qualification. KEY FEATURES Streamlined underwriting. No seasoning of ownership required. Available as a 3-year-fixed or 30-year-fixed loan, each amortized over 30 years. PROPERTY TYPES Investor 1-4 (SFR, Condo, and 2-4 Units) Multi-Family (5+ Units) ...

  Debt Service Coverage Ratio Loans (DSCR) For Rental and Commercial Properties  We ONLY use the rental agreement or the estimated rent analysis by the appraiser for income qualifying  No Tax Returns or W2 forms needed Fico Scores down to 660 Loan amounts up to $3,000,000 Contact me with any questions regarding pricing, guidelines or scenarios.   www.McCormickLendingGroup.com     Bob McCormick, President Call Toll Free 800 328-0144 Email- McCormickLending@gmail.com 14362 N Frank Lloyd Wright Blvd 1000 Scottsdale, AZ 85260 23 Corporate Plaza Dr. #150 Newport Beach, CA 92660 Connect with me on LinkedIn  mb0903631 nmls175743 nmls179756 Cadoc603J043 Equal Housing Lender

  Private Non-Bank Residential and  Commercial Lending Options (Owner-Occupied and Investor) Since May 2000 we have utilized our own internal funding or partnerships with private insurance, portfolio and equity capital companies for Non-Bank loans with simple underwriting guidelines ranging from  $50,000 to over $75,000,000+. Programs Offered  In-House Private Lending Portfolio Private Lending Insurance Company Lending Trust Company Lending Property and/or Business Types SFR, Condo and 1-4 Units  Retail Multifamily 8+ Units  Apartments  Industrial Mini-Storage Rental Portfolios Raw Land/Lots Office  Mixed-Use Single-Tenant Mobile Home Parks Construction Bridge Short Term Bridge  Fix and Flip  Build to Rent Feel free to contact me with any questions or scenarios Visit us at  www.McCormickLendingGroup.com Residential and Commercial Lending Bob McCormick, President   Toll Free 800-328-0144 14362 N Frank Lloyd Wright Bl...