South End Capital Closes $1,000,000 Investor SFR Purchase Loan in Illinois

A seasoned property investor was finding it difficult to secure bridge¬†financing to acquire a distressed single family residence in Cook County Illinois. Despite the borrower’s track record of rehab success, private lenders back away from this opportunity scared of the County’s declining property values. SECC provided a 70% non-recourse bridge loan at 9% interest only, and with no prepayment penalty.