david movtady
great neck, NY (USA)
Role(s):
C-Level Executive (CEO, CFO, etc.)
Secued Capital LLC
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Startup
Location:
great neck
Industry:
Finance
Year Founded:
2008
Number Employees:
1-10 people
Description:
The company is established to fill a void that is created with the credit crunch. The goal of secured Capital LLC is to provide short term secured credit facility to mortgage originators for their FHA insured and conventional loans. These loans must conform to Government Sponser enterprizes guidelins. The intend for the fund is to inventory each mortgage loan for an avrage of 30 days not to exceed 60 days. The credit facility is priced to the mortgage originator at prime rate plus 1.5% and a transaction fee of 25 basis points of the loan amount. the goal is to produce a yield of 8% or better in this current with prime rate being at historical low 3.25%.
C-Level Executive (CEO, CFO, etc.)
Secued Capital LLC
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Service Provider
Location:
great neck
Description:
The company is established to fill a void that is created with the credit crunch. The goal of secured Capital LLC is to provide short term secured credit facility to mortgage originators for their FHA insured and conventional loans. These loans must conform to Government Sponser enterprizes guidelins. The intend for the fund is to inventory each mortgage loan for an avrage of 30 days not to exceed 60 days. The credit facility is priced to the mortgage originator at prime rate plus 1.5% and a transaction fee of 25 basis points of the loan amount. the goal is to produce a yield of 8% or better i
Services Provided:
- Real Estate