TMAC is the industry leader in California establishing and enhancing relationships between proven, well-funded, private money lenders and large mortgage banking firms seeking to add a new, needed, lending product to their loan origination options. We have established multiple, successful, private money relationships for top 25 ranked mortgage bankers over the last 2 plus years and are seeing expanded interest in this concept.
A growing number of borrowers will not qualify, nor want to wait, for a conventional or NonQM loan. A stated-income, business purpose, short term loan that a borrower can rely on to be funded very quickly may be the best available option for a client. This private money loan not only solves an immediate need but frequently leads to a second (NonQM or conventional) loan to pay off the private money financing.
Absolutely stellar transaction and ridiculously quick turn around which I am so grateful and the next will be in your inbox this afternoon sir. Thank you so much and cannot wait to spread the word with my staff!
A growing number of borrowers will not qualify, nor want to wait, for a conventional or NonQM loan. A stated-income, business purpose, short term loan that a borrower can rely on to be funded very quickly may be the best available option for a client. This private money loan not only solves an immediate need but frequently leads to a second (NonQM or conventional) loan to pay off the private money financing.
Absolutely stellar transaction and ridiculously quick turn around which I am so grateful and the next will be in your inbox this afternoon sir. Thank you so much and cannot wait to spread the word with my staff!
Services
TMAC has a unique business approach and one that is of increasing value to borrowers who are unable to qualify now for conventional or NonQM loans.
There is no need to turn down many loan requests that come from borrowers with credit issues, need to get funds quickly before a business purpose with a loan secured by a first or junior lien on an OO or NOO property, don't have tax returns or bank statements available, are foreign nationals or for many other reasons.
TMAC sets up relationships between licensed mortgage companies and a 30+year established, well funded, fully licensed, private money lender in California to enable mortgage companies to assist these borrowers who might well get turned down otherwise.
There is no need to turn down many loan requests that come from borrowers with credit issues, need to get funds quickly before a business purpose with a loan secured by a first or junior lien on an OO or NOO property, don't have tax returns or bank statements available, are foreign nationals or for many other reasons.
TMAC sets up relationships between licensed mortgage companies and a 30+year established, well funded, fully licensed, private money lender in California to enable mortgage companies to assist these borrowers who might well get turned down otherwise.
Kenneth A. Cohen has been the Chairman/ CEO of TMAC since its inception.
He was previously Chairman/ CEO of Carter, Smith & Co, Incorporated and The Bank of Beverly Hills.
Mr. Cohen received his J.D. from UC Berkeley (Boalt Hall), an AB from Brown University, and an MA from University of Michigan.
Mr. Cohen practiced at O'Melveny & Myers and Cohen & Ziskin.
He was the senior partner of Cohen & Ziskin, a 26 attorney firm, and CEO of TMAC Mortgage Opportunity Fund, LLC.
Mr. Cohen volunteered his time as a legal assistance attorney with the US Army's JAG office.
He was previously Chairman/ CEO of Carter, Smith & Co, Incorporated and The Bank of Beverly Hills.
Mr. Cohen received his J.D. from UC Berkeley (Boalt Hall), an AB from Brown University, and an MA from University of Michigan.
Mr. Cohen practiced at O'Melveny & Myers and Cohen & Ziskin.
He was the senior partner of Cohen & Ziskin, a 26 attorney firm, and CEO of TMAC Mortgage Opportunity Fund, LLC.
Mr. Cohen volunteered his time as a legal assistance attorney with the US Army's JAG office.
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