Yesterday the SBA released updated, and more relaxed criteria for Disaster Assistance Loans. The SBA will provide this funding directly, not through us or any other lenders. Your welfare is very important to us, so we wanted to make sure you had this information.
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The SBA Releases Updated, More Relaxed Criteria for Disaster Assistance LoansMarch 18, 2020
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South End Capital is Actively Lending to Small Businesses Including Those Affected by the CoronavirusMarch 16, 2020
“Over the last week we’ve been contacted by numerous small business owners seeking disaster relief loans, because they have experienced a sudden decline in their revenue due to rapidly deteriorating economic conditions brought on by the coronavirus” said Noah Grayson, President of South End Capital. “I founded South End Capital in 2009 during the midst of the Great Recession, and developed our loan programs to accommodate small business owners and real estate investors who need affordable access to capital in times just like these.” Read full article... |
South End Capital Closes a $3,300,000 Alaska Strip Mall Refinance Loan + a $182,650 Stated Income Rural Motel Purchase LoanMarch 9, 2020
We closed a 6.5% rate, 10-year fixed, 25-year amortized, 74% LTV investment property loan. Barriers included collateral located in Alaska, low documentation underwriting, and a high LTV. Read full article... |
South End Capital Closes Subprime SBA Loans for an Equestrian Facility, Gas Station, Funeral Home, and Coaching BusinessMarch 3, 2020
Below area selection of subprime SBA loans we recently closed. Also, we’re extending our underwriting fee waiver indefinitely. Apply with no risk and pay $0 until you receive a loan commitment (or a decline if ineligible). Read full article... |
South End Capital Closes a $5,000,000 Subprime SBA Equipment Loan for a Crane Co.February 19, 2020
This 7.5% rate, 10 year term loan, had no prepay penalty, consolidated ~$4M of debt, and provided ~$1M for working capital and equipment. There was no real estate collateral except a small 3rd lien filed on the borrower’s home. This business had a $600K+ 2018 loss, and borrower credit was <650. Read full article... |
South End Capital Releases Groundbreaking New “Unconventional” Conventional Business Loan Program for Non-Conforming BorrowersFebruary 10, 2020
Have you ever tried to get a conventional business or SBA loan but couldn’t qualify, or just didn’t want to deal with all the paperwork? Our new “unconventional” conventional program, has all the benefits of bank or SBA financing, but is NOT bank or SBA financing. Read full article... |
South End Capital’s President, Noah Grayson, Interviewed for House Cashin’s Recent Article, “9 Experts’ Tips on How to Get a Hard Money Loan to Flip a House in 2020”February 7, 2020
Locating a hard money loan to fix and flip an investment property may seem like a daunting task. There are so many lenders on the internet offering all types of programs, but don’t get distracted by gimmicks or teaser rates. Read full article... |
South End Capital Increases its Stated Income Real Estate Loan Maximum to $7,500,000February 6, 2020
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. Read full article... |
South End Capital Announces Recent Subprime SBA Loan ClosingsFebruary 4, 2020
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. Read full article... |
South End Capital Announces February Promotions and Program UpdatesJanuary 30, 2020
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. Read full article... |
South End Capital Announces Recent Non-Conforming Real Estate Loan ClosingsJanuary 28, 2020
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. Read full article... |
Noah Grayson, President of South End Capital, accepted into Forbes Real Estate CouncilJanuary 23, 2020
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. Read full article... |
South End Capital Announces Recent Small Balance Real Estate Loan ClosingsJanuary 21, 2020
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. Read full article... |
South End Capital Announces Recent Subprime SBA Loan Closings and Underwriting Fee Waiver Extension Until 1/31/20January 7, 2020
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). Read full article... |
South End Capital Waives SBA Out-of-Pocket Underwriting Fee Until 2020December 2, 2019
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! Read full article... |
A Recent South End Capital Loan Closing is Featured as the Scotsman Guide “Deal of the Month”November 7, 2019
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%. Read full article... |
South End Capital Announces Recent Subprime SBA Loan Closings – $710,000 Business Purchase and $627,000 MCA / Debt ConsolidationNovember 6, 2019
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. Read full article... |
Noah Grayson, President of South End Capital, Interviewed for deBanked’s October Featured Article – Consultative Selling in Small Business FinanceOctober 24, 2019
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. Read full article... |
South End Capital Announces Significant Program and Process EnhancementsOctober 2, 2019
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. Read full article... |
Noah Grayson Authors Featured Scotsman Guide Article: Avoid the Short-Term TrapSeptember 10, 2019
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. Read full article... |
South End Capital Funds a $525,000 No Tax Return, Non-SBA, Owner-Occupied Office Refinance MortgageAugust 26, 2019
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. Read full article... |
South End Capital Closes a $1,205,000, 167% LTV Loan Secured by a 5 Acre Dog Kennel Located in Rural CAAugust 13, 2019
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. Read full article... |
South End Capital Funds a $435,000 Permanent Mortgage Secured by a Used Auto DealershipJuly 18, 2019
We are pleased to announced the funding of this low documentation refinance loan secured by a 3 building property comprised of a used auto dealership, an auto-body shop and an auto-paint shop. The co-borrower had a 667 credit score but we underwrote the primary borrower’s higher score and provided a 5 year fixed, 30 year amortized loan at 7.5%. Read full article... |
South End Capital Announces a Selection of Recent Subprime SBA Loan ClosingsJuly 15, 2019
South End Capital has recently announced the closing of 6 subprime SBA loan closings. These loans were provided to business owners who were previously shutout of financing from other SBA lenders. Borrowers with low credit, past derogatory issues, and unique situations are all considered under South End Capital’s program. Read full article... |
South End Capital Extends its SBA Underwriting Fee Waiver to Include First RespondersJuly 8, 2019
Starting today our SBA underwriting fee will be waived for first responders (police, firefighters and EMS). This fee waiver will constitute a savings of up to $2,500, and will enable first responders to proceed through our SBA loan process up until the issuance of a loan commitment, with zero out-of-pocket costs. Read full article... |
South End Capital Waives its SBA Underwriting Fee for Veterans of the US Armed ServicesJune 26, 2019
Starting today our SBA underwriting fee will be waived for any veteran of the US armed services. This fee waiver will constitute a savings of up to $2,500, and will enable veterans to proceed through our SBA loan process up until the issuance of a loan commitment, with zero out-of-pocket costs. Read full article... |
South End Capital Funds a $502,500 Warehouse Cash-Out Refinance LoanJune 6, 2019
We refinanced the 1st mortgage on this TX warehouse, paid off $109K of IRS tax liens and provided $15K of cash-out. We required no tax returns for this 75% LTV loan and we delivered a 5 year fixed, 30 year amortized rate at 8.625%. Read full article... |
LendVer Names South End Capital its 2019 Best Commercial Real Estate LenderJune 3, 2019
LendVer evaluated many commercial real estate lenders and awarded South End Capital the 2019 Best Commercial Real Estate Lender due to its flexible and innovative programs, its speed of execution and its customer service. Read full article... |
South End Capital Closes 2 Subprime SBA Working Capital LoansMay 7, 2019
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. Read full article... |
US Business News Names South End Capital the 2019 Best Non-Conforming Commercial Real Estate LenderApril 30, 2019
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. Read full article... |