Secured Investment Corp lends on residential and commercial property throughout the country. Our loan size generally ranges from $25,000 to $500,000. Our loans are all secured by a first or second deed of trust. We do not lend on owner occupied properties. Our loans are all originated by a business entity. We do not lend to individuals.
Our loans are sold to single lenders and are not fractionalized. This means that the minimum investment for a lender to fund a loan is $25,000. Our loans range from six months to 2 years. The lender holds the first trust deed on a loan, and collects the monthly interest payments for the life of the loan. Some states require that a lender be an accredited investor. Also investors in the Secured Investment High Yield Fund must be accredited. Our Funding team can discuss the requirements with you.
How it Works
Cogo Capital, our sister company, has marketing programs and affiliates that provide it with a significant number of lending opportunities every day.
A borrower will either sign in on our web site with a property that they would like to use as collateral for a loan or they will call our corporate office asking about our loan products.
We have a team of outbound sales representatives who process these requests and determine whether the loan fits within our lending criteria.
For those loans that fit our criteria, we then deliver the relationship to our loan officers. They order an appraisal and work with the borrower to finalize the parameters and price the loan. Our processors then work with the borrower to obtain all of the documentation necessary to underwrite the loan.
Our loans are underwritten to determine that they meet our specific lending guidelines. Upon successful underwriting, our loans are originated utilizing funds from our Secured Investment High Yield Fund.
These loans are then sold to individual investors. Our funding department provides the investors with the loan information, and upon demonstrating interest in a specific file, all underwriting information is shared with the lender.
Our lenders generally yield north of 9% on the loans that they fund. All loans are non-amortizing loans with monthly interest payments due. Our sister company, Lake City Servicing, services all of the loans that we originate through the life of the loan, and the monthly payments are collected by them and then remitted to our lenders.
We will lend up to 65% of the value of a property on a refinance for items such as repairs to the property or payoff of other loans collateralized by the property. If 10% or more of the loan proceeds are for cash to be paid to a borrower, the loan amount may not exceed 50% of the as is value of the property.
We will lend up to 65% of the after repair value of a residential property. These loans are used specifically for repairs to the property securing the loan, and the amount is held in escrow and draws are provided to the borrower as the work is performed.
We will lend on commercial property up to 55% of the as is value of the property, not to exceed 70% of the purchase price.
Our pricing begins at 9% and 1 point. Pricing is affected by such items as credit score, loan duration and LTV.
Secured Investment Corp is one of the fastest growing companies in the private money marketplace in the United States. With over 125 years of combined specialized loan expertise, we have built a comprehensive, peer-to-peer lending platform focused on non-owner occupied residential and commercial real estate.
701 E. Front Ave.
Coeur d’Alene ID 83814
800 971 5988
Our Site offers qualified investors the opportunity to invest in real estate development projects. However, we do not make recommendations regarding the appropriateness of particular opportunity for any particular investor. We are not investment advisors. Investors must make their own investment decisions, either alone or with their personal advisors. Real estate can be risky and unpredictable. For example, many experienced, informed people lost money when the real estate market declined in 2007-8. History has shown that the market can go down without warning, sometimes resulting in significant losses. You should invest in real estate development in general, and in the opportunities listed at the Site in particular, only if you can afford to lose your investment and are willing to live with the ups and downs of the real estate industry.
We may provide financial projections for some of the investment opportunities listed on the Site. All such financial projections are only estimates based on current conditions and current assumptions. Because it is impossible to predict the future with certainty, and the success of a project depends on many factors outside our control, the actual result of any investment is likely to be different than the original projection, often by a large amount. Neither we nor anyone else guarantees the results reflected in financial projections you see on the Site.
Neither the Securities and Exchange Commission nor any state agency has reviewed the investment opportunities listed on the Site.
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