South End Capital Closes 2 Subprime SBA Working Capital Loans

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.

South End Capital Funds Affordable Business Loans During Government Shutdown

South End Capital Corporation (SECC), the innovative, non-conforming real estate and business lender, has announced its readiness to deploy affordable capital to business owners and real estate investors shut out by the government.

South End Capital’s President, Noah Grayson, Announces 2019 Company Updates

Last year over 1,400 referral partners signed on and helped us achieve many significant milestones, including over 270 closed loans and more than $230 million funded. This year we are making a commitment to our referral partner community to improve the experience and offer better incentives. As of today, we will be eliminating our broker program and focusing exclusively on developing our referral partner channel.

South End Capital Funds a $900,000 Multifamily Blanket Loan at 6.875% and a $325,000 Chicago Mixed-Use Cash-Out Refinance Loan in 18 Days

We are pleased to announce the recent funding of a $900,000 Multifamily Blanket loan. We paid off back taxes and funded over $102,000 of unrestricted cash-out at closing. Our new mortgage was secured by two contiguous 8-unit multifamily properties in Long Beach, CA. This was a low doc. loan with a 5 year fixed rate at 6.875%, amortized over 30 years.

South End Capital is Pleased to present a Selection of our Recent Credit Line and Invoice Financings

These recent closings represent our aggressive credit line and invoice financing programs that offer fast and accessible capital starting at only 0.4% (just $4 in fees on $1,000 borrowed!) for businesses located in all 50 states including Washington D.C., Puerto Rico, Guam, American Samoa, North Mariana Islands and the U.S. Virgin Islands.

South End Capital Closes its 200th Loan for 2018 Surpassing the $200 Million Funding Milestone

South End Capital Corporation (SECC), the innovative, non-conforming commercial real estate and business lender, announced today that as it closes its 200th loan for 2018, it has surpassed a $200 million funding milestone. This places the firm solidly ahead of its competitors in the space.

South End Capital Announces $7,737,000 of Recent Subprime SBA Closings

This recent selection of closings includes a golf course, an Auntie Anne’s franchise, a sports bar, a used auto dealership, an assisted living facility, a no collateral business purchase, financing for a borrower only a year out of bankruptcy and more. South End Capital continues to prove that non-conforming credit attributes which disqualify borrowers from other lenders SBA programs are workable within its Subprime SBA model.