SEC securities Property Liens

[Douglas Vogel]

Hey guys,

I was curious, if you have an investor willing to lend money on an asset and take a second position lien, is that considered a security by the SEC? Or are you within your the laws to give a lien in return for funds without having to file any additional paperwork with the SEC? I know most people will not be lawyers and will advise to seek legal advice, but looking for a general consensus.

To your success!

-Doug