In the state of California, Hard Money Lenders can fund loans under a California Department of Real Estate Broker’s License or a California Finance Lenders (CFL) License. S&L Capital Group operates under the California DRE Lic No. 02041544. As a Company, we are subject to quarterly and annual reporting requirements to the Department of Real Estate. As with all California Real Estate Brokers, we are subject to random audits performed by the DRE.