Mackinac offers a number of specialty loans to finance unusual properties and properties often avoided by other lenders.

SELLER FINANCE:  We purchase private mortgage loans taken back by parties when they sold  their residential property.  We purchase these loans in most states.  

COOP LENDING:  Mackinac offers long term and home equity loans for coop apartments in Florida and Michigan and certain other states. We allow land leases, recreation leases, non-stock, non-leasehold and other variation not allowed by other lenders.

H.O.A. BLANKET MORTGAGES: Mackinac makes blanket mortgage loans to help Condominium and Cooperative Associations buy out a land lease, a recreation lease or make improvements.

SMALL CONDO CONVERSIONS: Mackinac makes loans to owners of small (l0 units or less) rental properties to help refurbish,  convert the property to condominium ownerships, carry unsold inventory though sell-out and provide individual unit releases.

COOP MOBILE HOME PARK UNITS:  Mackinac provides financing for manufactured housing located on sites in selected cooperative mobile home parks.

MANUFACTURED HOMES ON ODD LOTS:  Mackinac offers financing to owners of manufactured homes permanently secured to their owned land when the home and land are taxed as one property.

REFURBISH/REHAB:  We offer a long term loan with construction draws during an interest only period followed by principal and interest payments after the work is completed  

TREE HOUSES:  We have never financed one, but if it's real estate, we are willing to try.

RESIDENCES ON LEASED LAND OR WITH REC LEASES  We finance them

Mackinac tries to be resourceful and creative in providing reasonable financing for non-cookie cutter real estate. Call us for more information about our specialty loans

                  for MA and NE:  Dave Frechette (800) 446-6847 ext 102

                  for Florida : Sam Sherer  (800) 575-8772  ext  24