A Recent South End Capital Loan Closing is Featured as the Scotsman Guide “Deal of the Month”
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%.