SECC Closes a $101,200 NOO SFR Permanent Purchase Loan in Georgia

SECC is pleased to announce the closing of this non-owner occupied single family residence purchase loan in Georgia. SECC provided a 5 year fixed loan amortized over 30 years, priced at 7.5% with a 54321% declining prepayment penalty. The property was vacant at the time of closing and SECC required no tax returns, no financials, no 1003 or PFS.