PPP financing has been activated as a program option on all South End Capital Referral Partner referral links. Existing partners can log in to their Partner Portal to access their referral link and view compensation and program guidelines. Those interested in signing up as a South End Capital Referral Partner to offer PPP loans, and other financing options to their clients, can register here.
We are pleased to announce that we were able to provide financing to businesses in industries that were significantly effected by COVID-19, including a restaurant, nail salon, and more.
Small businesses matter – now more than ever. They are answering the call with innovation and determination like never before. We hope you join us in supporting them by sharing their story far and wide and shopping local!
We refinanced the borrower’s 1st mortgage, provided additional renovations funds, and delivered a 5-year fixed, 25-year commercial mortgage at 7.5%. Retail strip-malls in different states were cross-collateralized for this loan.
We refinanced the borrower’s 1st mortgage which was coming due and provided a stated income, 30-year fixed commercial mortgage at 8.99%. The tenants included a church, and we funded the loan in only 26 days.
Building a real estate brokerage can be a rewarding and lucrative opportunity, but it isn’t something to rush into. You’ll want to do your research and carefully consider your options before making any major decisions.
Branching out into real estate investment is an exciting opportunity, and if done thoughtfully, can turn a tidy profit for investors. However, this opportunity also comes with risks that can be financially detrimental.
A new RealEstateBees.com survey of over 2,000 active hard money lenders found that despite the negative impact on their business caused by the COVID-19, more than 80% are seeing new opportunities opened by the pandemic.
NORWALK, CONNECTICUT, UNITED STATES, August 24, 2020 /EINPresswire.com/ — South End Capital, a nationwide, non-conforming lender and intermediary providing commercial and non-owner occupied residential real estate mortgages, and business loans, has announced the re-opening of its innovative subprime Small Business Administration (SBA) loan program.
One of the most comforting things about reality is that crises don’t last forever. However, with some situations, the ramifications that a crisis can cause will be felt for months or even years after it ends. The impact of the current events on the commercial real estate industry has been hotly debated, especially in what regards the effects of the ongoing pandemic and resulting social distancing rules that have caused a significant drop in demand for office spaces. The question is how deeply the industry will be affected by these changes in the long term.
In the rental market, a tenant’s experience usually depends on the potential landlord. While location and space are certainly important when renting, the relationship you have with your property manager can directly impact your quality of life—and you’ll have that relationship until your lease ends.
Branching into the commercial real estate market is often a lucrative investment. However, there are challenges to managing these kinds of properties, especially if you’re new to the industry or have only had experience in the residential sector. To help you successfully enter the world of commercial and retail real estate, we asked the experts of Forbes Real Estate Council to share their personal insights. Below are their top tips for managing commercial and retail properties.
South End Capital did an excellent job and was very creative and responsive to line up our SBA loan! They are a team of committed and caring individuals with deep knowledge on how to get it done. Throughout the process, I felt so lucky to be able to rely on their advice.
The SBA has issued some additional guidance on the CARES Act Paycheck Protection Program (PPP) which includes the following:
We thought it was extremely important to inform you that the SBA is now providing advances up to $10,000 to small businesses within 3 days. So while we wait for guidance from the SBA on how to proceed with CARES Act Paycheck Protection Program (PPP) financing, you should follow these instructions to receive your advance which DOES NOT need to be paid back.