We consolidated 4 merchant cash advance (MCA) positions for this business reducing its approximate monthly debt expense from $49,598 to $5,759. We also provided $80,000 of unrestricted working capital and $240,000 for the purchase of new machinery and equipment. We delivered a 7% APR, amortized over 10 years and with no prepayment penalty.

We are pleased to announce that we’ve just closed a $730,000 purchase loan blanketing 2 non-contiguous investment retail stores. Prior to coming to South End Capital, this borrower had difficulty finding a lender that would blanket commercial property and provide competitive terms.

We consolidated over 7 debt and MCA positions for this business, including an 84%, 145% and 165% APR merchant cash advance (MCA). We also provided $73,000 of unrestricted working capital. We delivered a 6.75% APR loan, amortized over 10 years with no prepay penalty. We reduced this borrower’s monthly debt expense by $17,302!

We are pleased to announce that we’ve just closed a $900,000 cash-out refinance of an assisted living facility located in Redwood City, CA.We offer small balance commercial financing nationwide but in CA we can provide special bankable terms on a variety of property types (even special purpose ) up to $10,000,000.

We are pleased to announce that we’ve just funded $423,750 for the purchase of this office property located in Worcester, MA. The borrower couldn’t provide tax returns and needed a 75% LTV. Other stated commercial real estate lenders cap property LTVs at 70%, but we can fund up to 80% LTV and offer lower rates on longer fixed periods.

$432,000 was funded for renovations with the balance for working capital and closing costs. We provided a 6.75% rate amortized over 25 years. This is what our borrowers had to say…

We are thrilled to have helped another non-conforming small business owner (620 credit score in this case) refinance suffocating debt. We consolidated over $550K of debt, including a pricey first mortgage and a 23% term loan. Additionally, we provided working capital and financed all closing costs. This loan was funded at 6.75% and amortized over 25 years.

We are pleased to announce that we’ve just funded $645,000 for the purchase of this investment 3-family residential property located in Jamaica, NY. The borrower couldn’t provide tax returns and needed a 75% LTV, which was not a problem for our flexible Small Balance Commercial program.

This business loan consolidated $466,200 of expensive debt and MCAs that were siphoning cash-flow. $65,000 was also funded for closing costs and working capital. This loan was secured by the business with no 1st mortgage on any real estate. The borrower received a 6.75% rate, a monthly payment, no prepay penalty and a 10 year amortization.

We are pleased to announced that we’ve just funded $750,000 to refinance the 1st mortgage of this restaurant and liquor store property. We also provided $354,000 of unrestricted cash-out, didn’t require tax returns and closed in just over 30 days! The borrower had a 654 middle credit score and couldn’t provide tax returns which was not a problem for our flexible Small Balance Commercial program.

Finding a lender who finances land contracts isn’t always the easiest thing. Then add in a rural, industrial subject property located in a town of 3,000 people, and you’ve got a tough loan to fund.

Most people would think that a borrower with a 617 credit score, a history of mortgage late payments, judgments, tax liens and charge-offs would only have been eligible for an expensive term loan or merchant cash advance (MCA), right? Wrong!

Most regional and national lenders are still unwilling to lend in Detroit, Michigan–but not SECC! Not only did we provide this borrower a loan to buy this liquor store, but we gave him 90% LTV financing and $28,000 of unrestricted working capital.

This was another opportunity for South End Capital to help a business consolidate high interest merchant cash advances (MCAs) and debt, access unrestricted working capital and buy brand new equipment to assist with expansion.

Consolidating a business’s debt is one of the things we do best. This company, a successful office technology distributor, had accumulated multiple debt positions in order to maintain its growth trajectory. The business was desirous of consolidating its debt, but its commercial real estate collateral was worth about $600,000 and it needed a much larger loan than that.