FAQ
Find answers to common questions and learn why Lukrom is the trusted choice for flexible capital solutions.
Frequently Asked Questions
We’ve gathered the most common inquiries to help guide you through our process and services.
What types of loans does Lukrom offer?
Lukrom offers private lending on investment real estate. Some of these loan types include:
- Wholesale Deals
- Off-Market
- Transactions
- Acquisitions off MLS
- Trustee sales
- REO’s
- Short Sales
- Cash Out Re-Fi’s
- Residential (Sing Family Residence, Condo, Townhomes, Duplex-Fourplexes)
- Construction & Development
- Commercial
- Lot/Land
What are the minimum credit requirements to obtain a loan?
Lukrom lends private money based on the value of the asset.
What is a point?
A “Point” is an “upfront fee” on a private money loan that is incurred at the time of the loan. Each point is equal to 1% of the private money loan amount.
What is the maximum Loan to Value (LTV)?
We can lend up to 70% LTV and up to 80% Loan to Cost (LTC).
Do you require insurance?
Yes. We require hazard and title insurance on each property that we lend on.
Where does Lukrom provide private lending services?
Currently, Lukrom only offers its services in Arizona.
What fees will I be charged?
Loan programs will vary depending on the loan situation.
What is the down payment requirement?
Generally, there will be a down payment required in most loan cases. Contact us to review your specific situation.
Do you charge prepayment penalties?
We do not impose prepayment penalties on most of our hard money loans. However, there is a 30-day minimum interest requirement for all loans.
How do I apply?
By clicking here or you can call us directly at (602) 755-5102.