SEKUL VENTURES LLCLOS ANGELES CA Hard Money Lender
About Me
At Sekul Lending LLC, we have access to institutional capital and control the lending process locally, which means fast answers and quick closings for your private money lending needs,Sound lending decisions are made with the guidance of our highly trained professionals and your investment is secured with a 1st Trust Deed on real property or land with loan to value ratios not exceeding 65%. Loans close through an my account officer direct funding to your bank acount as provided or title company with title insurance. Sekul has no minimum loan amount. We fund loans of all sizes, allowing you to structure an investment that best meets your financial objectives. Monthly Disbursments Specialized Products. Straightforward Terms. We’re a private money lender, specializing in the financing of non-owner occupied investment properties. Sekul Lending LLC provides Mortgage Brokers, Borrowers, Investors and Real Estate Agents with funding for investment property acquisition and refinancing. We use our own institutional capital to provide business purpose loans for clients that seek to: Fix & Flip With a specialized set of market competitive products, Sekul Lending LLC makes possible the ability to acquire multiple properties and gives investors leverage over their cash position.
What is Hard Money?
A hard money loan is a collateral based loan against a hard asset - typically real estate - and is often referred to as private mortgage or private mortgage note. Unlike typical mortgage loans, hard money loans are provided by private sources (individuals and small lenders rather than large government or Wall Street backed sources). Hard money loans are often used if a person is having a difficult time getting approved for a conventional loan. The approval process for a hard money loan is usually much more streamlined than with a conventional loan because hard money lenders don't have to follow strict institutional lending guidelines, and because they look mainly to the collateral as security for repayment rather than the borrower alone. Hard money loans can be used for both commercial and residential properties and, since private lenders use their own money, they are able to create their own flexible lending terms that will meet both their and the borrower's needs. Another advantage of hard money loans is that they are typically closed very quickly and with little documentation. Of course, since these loans are usually “outside of the box” and higher risk, the interest rates for hard money loans are usually higher then with a conventional loan. If you are having difficulty obtaining conventional financing, or simply need a loan closed fast with creative and flexible terms, consider hard money.
Will my deal qualify for Hard Money?
Although here are many different types of hard money lending programs, the following can be used as general guidelines for determining whether your deal would be appropriate for a hard money lender. Even if your deal doesn't match exactly to these guidelines, feel free to apply anyway. My hard money team will let you know if your deal makes sense for one of our many hard money lenders:
If you have any questions about your deal or hard money in general, please feel free to contact me, or you may simply complete the application below and either me or my underwriting team will contact you.
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Name: SEKUL VENTURES LLC Office phone: (870)-0525-1157 Cell Phone: Email: stevelukex@gmail.com Address: 11627 CHENAULT ST UNIT 10 City: LOS ANGELES State: CA ZIP: 90049
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