Why La Mesa Fund Control Chose Sekady: What Construction Lenders Need to Know

When La Mesa Fund Control and Escrow (LMFCE) recently selected Sekady as their exclusive technology partner, the decision represented more than just another vendor agreement. It highlighted a fundamental shift in how fund control companies are addressing the operational challenges that have long plagued construction lending, and what forward-thinking lenders should demand from their fund control partners.

Construction lending remains one of the most operationally intensive segments of the private lending market. Each draw request triggers a cascade of manual tasks: document collection, inspection scheduling, budget verification, lien waiver tracking, and fund disbursement. All while maintaining rigorous security and compliance standards.

For most lenders, these processes still rely on emails, spreadsheets, and phone calls. Draw requests arrive via email. Inspectors use separate systems. Budget tracking happens in Excel. Lien waivers are chased manually. The result? Processing delays, communication breakdowns, and limited visibility precisely when lenders need transparency most.

These inefficiencies translate directly to operational costs and risk. When draw management is fragmented across multiple systems, critical details fall through cracks.