Licensing and disclosures

What the licenses cover

Loan Daddy LLC is a mortgage broker. It arranges financing between a borrower and a wholesale lender; it does not lend its own money and does not fund loans. The California license held is a commercial mortgage broker license under the California Financing Law, limited to commercial mortgage activity. That license is not a residential mortgage lending license and does not authorize consumer owner-occupied mortgage origination.

Arizona licensure is held as a commercial mortgage broker. If a transaction falls outside the scope of a license, we will say so rather than accept the file. Nothing on this site should be read as an offer to provide services in a jurisdiction where the licenses do not permit it.

Business-purpose limitation

Every loan described on this site is business-purpose financing for non-owner-occupied investment property. The property must be held for rental or investment purposes and must not be occupied by the borrower or the borrower's family. A borrower who intends to live in the property is not eligible, even part of the year, and will be referred to a licensed consumer mortgage professional.

Compensation

Broker compensation may be paid by the lender, by the borrower, or both, as set out for each loan. Whatever the source, the amount is disclosed in writing before closing and appears on the loan documents. Ask and we will explain how compensation works on the specific options we present.

No rates, no approvals, no guarantees

This site publishes no interest rates or pricing figures. Pricing is quoted per scenario after review, because it depends on the property, the leverage, the credit profile, the prepayment structure and the lender. Nothing here is an approval, a preapproval, a commitment to lend or a guarantee of terms. All loans are subject to underwriting and lender or investor approval, and terms can change before closing.

Verify the license

Licensing can be checked through the Nationwide Multistate Licensing System consumer access site at nmlsconsumeraccess.org. Search by NMLS ID 2827624 or by company name.

Questions about a license or a disclosure can go to compliance@loandaddy.ai. See also privacy, terms and about this guide.