“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.”

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.

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).

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.

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. 

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.

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.

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.

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.

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. 

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.

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.

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).

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!

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%.