We are pleased to announce that we have provided $230,000 to a Gas Station / C-Store and $220,000 to an Emergency Response Service via our Subprime SBA program. Both loans carried an 8.25% interest rate, were amortized over 10 years and had no prepay penalty.
US Business News Names South End Capital the 2019 Best Non-Conforming Commercial Real Estate Lender
US Business News issued a press release today announcing the winners of their 2019 Finance Elite Awards. South End Capital led the pack in the non-conforming commercial real estate category and was further selected as a featured lender in their awards publication. Noah Grayson, South End Capital’s President was interviewed for the article.
South End Capital Funds a $252,000 Warehouse Purchase Permanent Mortgage in 29 Days
In 29 days we funded $252,000 for a 70% LTV auto-repair warehouse purchase loan for a borrower with 654 credit, who wanted a fast and affordable permanent mortgage. We underwrote off bank statements only and paid for the appraisal upfront (The borrower only paid $500 out-of-pocket which we credited back at closing). The interest rate was 9%, fixed for 5 years and amortized over 30 years.
South End Capital Celebrates a Decade of Service with 30-Year Fixed Commercial Mortgage Rollout
South End Capital Corporation (SECC), the innovative, non-conforming real estate and business lender, commemorated its 10th year in business on February 21 with the launch of a new 30-year fixed small-balance commercial mortgage product. To celebrate, the company is also lowering rates….
South End Capital Announces $6,083,000 in Recent Subprime SBA Business Loan Closings
Below is a selection of our recent Subprime SBA business loan closings. These loans for non-conforming borrowers, carried an 8.25% rate, were amortized over 10 or 25 years and most had no prepay penalty.
South End Capital Announces New Silver and Gold Referral Partner Levels
We’ve introduced the following new SILVER and GOLD level incentives to reward our partners who refer us repeat business…
South End Capital Celebrates 10 Years in Business!
Thank you to our valued Referral Partners, Borrowers, Colleagues and Friends for your support over the past 10 years. We look forward to many more great years to come!
South End Capital Funds $700,000 and $500,500 Non-Conforming Bar & Restaurant Loans
We funded this $700,000, 70% LTV purchase loan in 28 days, with no tax returns and based on bank statement income only. We provided a 5 year fixed loan, amortized over 30 years at just 6.875%.
South End Capital’s President, Noah Grayson, Interviewed by Superbcrew.com About the Recent Government Shutdown
As a private, direct lender, South End Capital is not beholden to the government to purchase or approve the loans we make. This is why, during the government shutdown, we were still able to provide business owners and property investors affordable capital when many government dependent lenders could not. It’s encouraging that the government has temporarily re-opened, but borrowers should never have to worry that their access to capital will be impacted due to a political stalemate they have no control over.