Cooperative Apartment Home Loans
Mackinac is an experienced share loan lender to buyers of apartments in cooperative communities in Florida and Michigan. We maintain a database of over 300 communities in those states to keep abreast of the specific requirements of each governing association. This greatly simplifies the loan application process. Mackinac is one of only a few banks engaged in this lending and one of an even fewer number lending in communities with underlying ground leases or recreation leases.
For information on cooperative home loans in Michigan, contact Sam Sherer, Jr.
Mackinac also makes blanket loans to cooperative associations for building improvements and to buy out land or recreation leases.