South End Capital Funds a $435,000 Permanent Mortgage Secured by a Used Auto Dealership

We are pleased to announced the funding of this low documentation refinance loan secured by a 3 building property comprised of a used auto dealership, an auto-body shop and an auto-paint shop. The co-borrower had a 667 credit score but we underwrote the primary borrower’s higher score and provided a 5 year fixed, 30 year amortized loan at 7.5%.