South End Capital Funds a $2,700,000 SBA 7(a) 3 Assisted Living Facility Blanket Refinance w/ $322,000 of Working Capital

SECC provided a $2,700,000 SBA 7(a) refinance of $2,377,582 of first mortgages secured by three assisted living facilities located in Santa Barbara, CA. SECC delivered $322,000 of working capital, a 5.50% quarterly adjustable interest rate amortized over 25 years, and funded this loan in 60 days!