SCL Mortgage
103 4th Street, Suite 220
Castle Rock, CO 80104
Are the owner of this business? Claim this listing.
-
About SCL Mortgage
SCL Mortgage is a hard money lender in Castle Rock, CO providing loans throughout Colorado. Their focus is primarily on long term rental property loans. The focus of their lending is on single family residences and multi-family.
Visit Website
Loan Types Offered: Investment Property Loans
Property Types Covered: Single Family, Multi Family
Areas Served: CO
Licenses: NMLS #1200716
-
Lending Guidelines for SCL Mortgage
Below are the general loan guidelines published on the SCL Mortgage website. Please confirm all terms and rates directly with the lender.
Investment Property Loans
Loan Amounts: N/A
Available Rates: N/A
Typical Terms: N/A
Points Charged: N/A
Max Loan-to-Value (LTV): N/A
Max Loan-to-Cost (LTC): N/A
Owner Occupied Allowed: N/A
Interest Only Loans: N/A
Prepayment Penalties: N/A
Minimum FICO Score: N/A
Time to Close: N/A -
Loan Examples
The following loans are for education purposes only. They do not represent actual loans executed by SCL Mortgage.
Loan Example 1
Marion finds a townhome in Denver, CO to rehab and re-sell. Since he does not have enough cash to acquire the $230,000 property outright, he takes out a private money loan from SCL Mortgage. The terms of the note include a 75% loan to value (LTV), so he must bring 25% of the price as cash to closing, which makes the principle loan amount $172,500. The loan is interest-only, paid monthly, and is for 18 months at 10% interest with 3 points paid at closing.
On top of the $5,175 origination fee, Marion will also have to fund $57,500 of the purchase with his own funds, or 25% of the sales price. After the loan closes, he will need to pay the lender $1,438 in monthly interest fees, or 10% multiplied times $172,500 divided by 12 months in a year. If Marion accomplishes his goal of a $333,500 total sales price at the end of the loan term, he would make a total profit of $72,450 after repaying the principle on the note and deducting the money he contributed at closing, the origination fee, and the total monthly interest payments.
Loan Example 2
Esmeralda locates a townhouse in Denver, CO to remodel and sell. Since she does not have enough cash to buy the property outright, she takes a hard money loan from SCL Mortgage with the following parameters:
$350,000 sales price
55% loan to value (LTV)
12 month term
8% interest rate
4% origination feeAssuming a $455,000 sales price after the 12 month term, the numbers for this project would look like this:
$455,000 sales price
- $192,500 principle on note (55% LTV)
- $157,500 down payment (45% on 55% LTV)
- $7,700 origination points (4% of the $192,500 principle)
- $15,400 total interest paid (12 months x 8% interest)
-----------------------
= $81,900 gross profit (does not include taxes or rehab costs) -
Yelp! Review
by Kathy B. 10/13/2022 I completed a refinance on my home with mortgage professional Rebecca Soukup. Rebecca knocked it out of the park in terms of professionalism, knowledge and...
Read more on Yelp!I completed a refinance on my home with mortgage professional Rebecca Soukup. Rebecca knocked it out of the park in terms of professionalism, knowledge and...
Read more on Yelp!Yelp! Review
by Andrew S. 07/15/2022 As a first time home-buyer, choosing who to help us finance our future purchase was a huge choice. After speaking to several different local companies, we...
Read more on Yelp!As a first time home-buyer, choosing who to help us finance our future purchase was a huge choice. After speaking to several different local companies, we...
Read more on Yelp!Yelp! Review
by Megan K. 07/13/2022 Yelp! Review
by Donald V. 06/06/2022 SCL Mortgage assisted with the refinance of my home. I am happy to report that my mortgage loan originator Niko Stabekis and his team were amazing to work...
Read more on Yelp!SCL Mortgage assisted with the refinance of my home. I am happy to report that my mortgage loan originator Niko Stabekis and his team were amazing to work...
Read more on Yelp!Yelp! Review
by Watson M. 03/15/2022 It was great working with Rebecca Soukup. She was very helpful with understanding where I was at financially, and worked on a plan that best fit my...
Read more on Yelp!It was great working with Rebecca Soukup. She was very helpful with understanding where I was at financially, and worked on a plan that best fit my...
Read more on Yelp!Yelp! Review
by Gary Y. 07/27/2021 Nate Reese and his team at SCL Mortgage performed like all stars during our recent refi. They not only were fast to close but provided confidence in the...
Read more on Yelp!Nate Reese and his team at SCL Mortgage performed like all stars during our recent refi. They not only were fast to close but provided confidence in the...
Read more on Yelp!Yelp! Review
by Charles H. 06/30/2021 Nate and Alexa at SCL guided us through a Refi in under 30 days. No fuss , no hassle, no surprises, just forward progress daily. Excellent comunication...
Read more on Yelp!Nate and Alexa at SCL guided us through a Refi in under 30 days. No fuss , no hassle, no surprises, just forward progress daily. Excellent comunication...
Read more on Yelp!Yelp! Review
by Andy G. 04/29/2021 Nate did an awesome job with our loan. We had 1 self employed income and 1 newer job status and he not only worked hard for us to get closed, but he got us...
Read more on Yelp!Nate did an awesome job with our loan. We had 1 self employed income and 1 newer job status and he not only worked hard for us to get closed, but he got us...
Read more on Yelp!Yelp! Review
by Larry K. 04/16/2021 My experience with SCL mortgage was exemplary, &the representative I worked with, Nate Rees, providedprompt and quality service. He answered my phone...
Read more on Yelp!My experience with SCL mortgage was exemplary, &the representative I worked with, Nate Rees, providedprompt and quality service. He answered my phone...
Read more on Yelp!Yelp! Review
by J P. 03/08/2021 Josh, Marsha, and the entire crew at SCL Mortgage were easy to work with from start to finish. I was able to skip two months mortgage payments, lower my...
Read more on Yelp!Josh, Marsha, and the entire crew at SCL Mortgage were easy to work with from start to finish. I was able to skip two months mortgage payments, lower my...
Read more on Yelp!Yelp! Review
by Allison S. 03/08/2021 We didn't think we had much of a chance of refinancing our mortgage because of special circumstances. We were so surprised and thankful that Marsha and...
Read more on Yelp!We didn't think we had much of a chance of refinancing our mortgage because of special circumstances. We were so surprised and thankful that Marsha and...
Read more on Yelp!Yelp! Review
by Bambi C. 02/11/2021 I responded to an ad that came in the mail. I called the number and left a message. The next day I received a call from an unknown number and not the one I...
Read more on Yelp!I responded to an ad that came in the mail. I called the number and left a message. The next day I received a call from an unknown number and not the one I...
Read more on Yelp!Yelp! Review
by Mike A. 02/05/2021 After 2 failed attempts with a bank and credit union to refi SCL got us closed in 45 days!Self employed applicants should NOT go anywhere else Your first...
Read more on Yelp!After 2 failed attempts with a bank and credit union to refi SCL got us closed in 45 days!Self employed applicants should NOT go anywhere else Your first...
Read more on Yelp!Yelp! Review
by Clare F. 11/03/2020 We were at our wits end trying to find a lender to do a cash out/refi loan with no success. We tried (4) different lenders, went thru the grueling process...
Read more on Yelp!We were at our wits end trying to find a lender to do a cash out/refi loan with no success. We tried (4) different lenders, went thru the grueling process...
Read more on Yelp!Yelp! Review
by Rob H. 10/05/2020 Gina at SCL Mortgage is awesome. My third time using her over the years. I'm self employed and still got a great rate. Better than anywhere else. She works...
Read more on Yelp!Gina at SCL Mortgage is awesome. My third time using her over the years. I'm self employed and still got a great rate. Better than anywhere else. She works...
Read more on Yelp!Yelp! Review
by Brenda U. 09/14/2020 I couldn't say anything negative about SCL! Rebecca Soukup was amazing my situation was tough and most would have given up on me and the situation but she...
Read more on Yelp!I couldn't say anything negative about SCL! Rebecca Soukup was amazing my situation was tough and most would have given up on me and the situation but she...
Read more on Yelp!Yelp! Review
by Holly B. 09/12/2020 Amazing company! We've used them for both original mortgage and refinance, and both times couldn't be more pleased! Josh and Marsha were ROCKSTARS and...
Read more on Yelp!Amazing company! We've used them for both original mortgage and refinance, and both times couldn't be more pleased! Josh and Marsha were ROCKSTARS and...
Read more on Yelp!Yelp! Review
by Mike E. 09/01/2020 Josh and Marsha, along with the rest of the team at SCL Mortgage, made refinancing easy and smooth. The entire team was quick to respond to questions and...
Read more on Yelp!Josh and Marsha, along with the rest of the team at SCL Mortgage, made refinancing easy and smooth. The entire team was quick to respond to questions and...
Read more on Yelp!Yelp! Review
by Brenda R. 07/08/2020 We are so pleased with SCL Mortgage and especially our agent Rebecca Soukup. She worked tirelessly with excellent communication throughout our home...
Read more on Yelp!We are so pleased with SCL Mortgage and especially our agent Rebecca Soukup. She worked tirelessly with excellent communication throughout our home...
Read more on Yelp!Yelp! Review
by Hillary R. 06/26/2020 Mr. Dave Beckmann provided exceptional customer service during my recent home loan process. Dave is knowledgable, professional, thorough, and patient. He...
Read more on Yelp!Mr. Dave Beckmann provided exceptional customer service during my recent home loan process. Dave is knowledgable, professional, thorough, and patient. He...
Read more on Yelp!Yelp! Review
by Nicole K. 01/21/2020 Not much interaction with my Loan officer. Felt as I was a burden more than anything. Did not get my loan closed as due to failing to communicate with me...
Read more on Yelp!Not much interaction with my Loan officer. Felt as I was a burden more than anything. Did not get my loan closed as due to failing to communicate with me...
Read more on Yelp!Yelp! Review
by Josh N. 09/17/2019 This was probably the best interaction I've ever had with a financial institution. Dave and Morgan made getting this loan as stress free as possible. The...
Read more on Yelp!This was probably the best interaction I've ever had with a financial institution. Dave and Morgan made getting this loan as stress free as possible. The...
Read more on Yelp!Yelp! Review
by Barry B. 08/22/2019 Dave Beckmann with SCL Mortgage was great to work with. He was incredibly patient and knowledgeable and worked diligently to help me accomplish two tricky...
Read more on Yelp!Dave Beckmann with SCL Mortgage was great to work with. He was incredibly patient and knowledgeable and worked diligently to help me accomplish two tricky...
Read more on Yelp!Yelp! Review
by M M. 08/21/2019 Professional and immediate response time with excellent results. Gina was wonderful to work with during this entire process of 21 days! She is extremely...
Read more on Yelp!Professional and immediate response time with excellent results. Gina was wonderful to work with during this entire process of 21 days! She is extremely...
Read more on Yelp!Yelp! Review
by Daniel J. 06/27/2019 We worked with Dave to refinance our home and he was great! He always communicated clearly and efficiently exactly what we needed to do via texts and calls....
Read more on Yelp!We worked with Dave to refinance our home and he was great! He always communicated clearly and efficiently exactly what we needed to do via texts and calls....
Read more on Yelp!Yelp! Review
by Regina D. 06/26/2019 Where do I start? Immediate call back from my loan officer Rebecca Soukup after our initial inquiry. Having a special lending situation, she did not stop...
Read more on Yelp!Where do I start? Immediate call back from my loan officer Rebecca Soukup after our initial inquiry. Having a special lending situation, she did not stop...
Read more on Yelp!Yelp! Review
by Michelle B. 05/01/2018 My husband and I recently purchased a home and used SCL Mortgage and we are so happy with the entire process. I am used to working with companies who don't...
Read more on Yelp!My husband and I recently purchased a home and used SCL Mortgage and we are so happy with the entire process. I am used to working with companies who don't...
Read more on Yelp!Yelp! Review
by Kerry K. 05/29/2016 I would like to provide my personal recommendation for Larry and his team. Larry has decades of mortgage experience and knowledge but more importantly; high...
Read more on Yelp!I would like to provide my personal recommendation for Larry and his team. Larry has decades of mortgage experience and knowledge but more importantly; high...
Read more on Yelp!
Your Information is Processing