These are no credit score minimum, no tax return purchase, refinance, or cash-out loans up to 80% LTV, with rates from 5.75% fixed for up to 30 years, on the below property types.

Below are a selection of subprime SBA loans we recently closed. Also, we’re extending our underwriting fee waiver until 2/29/20. Save up to $2,500 and pay $0 until you receive a loan commitment (or a decline if ineligible). We closed a 7.5% rate, 100% LTC, 25-year term loan. $1M of debt, 16 liens, paid off over 3 entities (5.5% to 60% rates). Projection based loan, 0.44x 2018 DSCR.

We have a number of promotions running in February as well as program updates we’d like to remind you about. Through 2/29 pay $0 until loan commitment when you apply for a subprime SBA loan. Get working capital, purchase a business or real estate, consolidate debt.

Below are a selection of non-conforming commercial and non-owner occupied residential real estate loans we recently funded. We funded a 6% rate, 30-year fixed, 80% LTV loan, with a 5% for 3 year prepay penalty, in 31 days. Barriers included unrestricted cash-out and a fast close. 

Noah Grayson, President of South End Capital, a nationwide, non-conforming lender providing commercial and non-owner occupied residential real estate mortgages, and subprime SBA loans, has been accepted into Forbes Real Estate Council, an invitation-only community for executives in the real estate industry.

Below are Small Balance Real Estate loans we recently funded. We made a ton of improvements in 2019 to make us your best option for low documentation, non-conforming commercial and investment residential real estate loans.

Below are subprime SBA loans we closed that were turned down by other SBA lenders or were thought to be SBA ineligible. Also, we’re extending our underwriting fee waiver until 1/31/20. Save up to $2,500 and pay $0 until you receive a loan commitment (or a decline if ineligible).

Starting today and until the end of 2019, we are waiving the out-of-pocket underwriting fee for our subprime SBA program. Pay $0 until you receive a loan commitment (or a decline if ineligible). Save up to $2,500 and apply with no risk!

This cash-out ($108K) refinance was for an 8,000 sq. ft. building occupied 100% by the borrower’s business. An easy non-SBA permanent mortgage was requested and no tax returns were available. We underwrote income off of bank statements only, and funded a 75% LTV, 5-year fixed, 30-year amortized loan at 8.125%.

Below are recent subprime SBA loans we provided for borrowers who were turned down by other SBA lenders or didn’t believe they could qualify for SBA financing. All rates were prime + 2.75% (currently 7.5%), the same rates most conforming SBA lenders charge. 

The problem stems from trying to teach financial responsibility too late in life, says Noah Grayson, president and founder of Norwalk, Conn. -based South End Capital. He advocates introducing young people to finance at the same time they’re learning history, algebra and other standard subjects in school.

South End Capital Corporation (SECC), the nationally recognized, non-conforming real estate and business lender, is pleased to announce a plethora of innovative program and process improvements set to take effect immediately.

Sometimes it seems your only choices in funding a commercial real estate deal lead to a short-term trap. You have the option of gambling on an adjustable interest rate, or going for a fixed-rate loan that resets with a new interest rate after a few years. 

South End Capital is pleased to announce the closing of this $525,000 owner-occupied office refinance loan in Alabama. The borrower’s short-term loan had expired in March of 2019 and the current bank would not offer a refinance. A conventional or SBA loan was not possible with the current loan maturity date passed, and the borrower in need of an alternative income documentation loan.

We provided a $1,205,000, 167% LTV loan which included about $300K of working capital and consolidated $900K of debt. The property housed the borrower’s business and primary residence. Monthly business debt was reduced from roughly $14K to $9K. The final rate was 8.25% and was amortized over 25 years.