Continental Finance Capital Corporation: Bridge Loans

Monday, August 18, 2014

South End Capital Corp Closes $1M Bridge Loan and Low Credit Score SBA 7(a) Loan

South End Capital Corporation (SECC) is a direct lender funding private money commercial real estate loans up to $500,000 nationwide and offering SBA, business, multifamily, bridge and bankable loans up to $20 million in participation with third-party investors. View our programs and easy online applications.

SECC closes a $1,000,000 unrestricted cash-out bridge loan in Virginia
S ECC closes a $753,600 SBA 7(a) l oan for a borrower with 549 credit

Featured Program

7(a)

SBA 7(a) Loans

SECC offers SBA 7(a) loans nationwide. We have no geographic restrictions, no credit score minimum and no industry restrictions.

Learn more
Apply online

Thanks, from South End Capital

Here at SECC we are constantly striving to expand our loan programs, improve our service and increase the compensation and benefits available to our valued partners.

In 2009, when most lenders were closing their doors, we opened ours to provide the commercial loan community a reliable source of capital in an unreliable lending environment. Since that time, we have established an exemplary reputation of performance, developed many valuable relationships and have gained our partners' trust.

As the economy continues to pick up and more and more untested lenders flood into the marketplace, we know we have to work that much harder to persistently earn your business. With that in mind, we look forward to the years to come as, in every way possible, we continue to help you attain the success and prosperity you deserve.

Joel Soforenko

Vice President, Originations

Direct (413) 348-5604

Fax (617) 531-2008

joel@southendcapital.com

www.southendcapital.com

Friday, October 22, 2010

Bridge Loans

Loan Program # 1

Bridge / Hard Money Loans / SBA

Territory Nationwide

AMNT $100k - $2M

LTV 65%

INT 10 - 15%

PTS 3 - 6

TRM 12 - 36 months

CRDT Not FICO driven

Trophy Homes: AZ, CA, CO, FL, ID, HI, NV, NY, OR, UT, WA

Construction / Construction Completion $1M and up, SE & SW $200k and up

Purchase, $500k @ 80% and under at 65%

Loan Program # 2

Territory Nationwide, Not in MI, OH

Amount $300k - $3M

LTV 50 - 75%

INT 13 - 15%

PTS 3 - 6

TRM 12 months

PPP No

Loan Program # 3

TRTY AL, DC, FL, GA, MD, NC, PA, SC, VA

AMNT $1M - $20M

LTV 70% Commercial 60% Land Development 50% Raw Land

INT 9 - 18%

PTS 2 - 6

TRM 12 - 36 months

PPP None

Private Portfolio Lender

Commercial Property

Blanket Loans

Bridge / Rehab Loans

Multi Family Only

Up to 75% LTC (purchase + rehab)

18 - 24 months

DSCR 1.0

Loan Program # 4

TRTY Nationwide

AMNT $500k - $25M

LTV Up to 90%

INT 7.5% - 14%

PTS 2 - 6

TRM 12 – 36 months

PPP None

Business Lines of Credit, Mezzanine, Note Purchase, REO Purchase

Construction - All Types

Loan Program # 5

Direct Commercial Private Lender

Broker Other loans

Purchase up to 90% LTV

TRTY Nationwide

AMNT $500k - $25M

LTV 65 - 80%

INT 10 - 15%

PTS 3 - 5

TRM 1 - 5 years

Loan Program # 6

Private Direct Lender

Commercial Lending Bridge Lending

TRTY Nationwide Nationwide

AMNT $1M - 6M $1M - 40M

LTV 65 - 75% 50 - 70%

INT Prime + 1 - 2 12 - 16%

PTS 2 – 4 3 - 5

TRM 5 / 20 - 25 amortization 24 - 36 months

PPP

Also does Venture Capital

Loan Program # 7

TRTY Nationwide

AMNT $1M - $500M

LTV Up to 80%

INT 4 - 7%

PTS 1 - 3.5

TRM 5 / 25 and up

PPP None to Usual

DSCR 1.25 and up

Loan Program # 8

TRTY East Coast

AMNT $100k - $1M

LTV 80 - 90% (and up to 100% for rehab)

INT 12 – 14%

PTS 2 - 4

TRM 3 months to 30 years

PPP None

CRDT Need credit report, but may not be relevant

Loan Program # 9

Territory Nationwide

Amount $2M - $50M

LTV 75%

INT 10 - 14%

PTS 1 - 4

TRM 12 - 24 months

PPP No

Any type of commercial property, commercial rehab, commercial construction

Warehouse Bankruptcy Reorganization

Residential Development Hotel Purchase

Construction Office, Retail, Etc Condo Development

Refinance Rehab Auto Dealership Refinance