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South End Capital News
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Recent Funding

$200,000 Permanent Refinance Cash-Out of Vacant 3 Family  

Stated Non-Conforming (SNC) Program

SECC funded this $200,000 loan which included over $150,000 of unrestricted cash-out. The vacant 3 family property was purchased at the end of 2014 and the borrower undertook an extensive rehab. Funds were needed to complete property improvements, secure tenants and invest in additional real estate. This was a no tax return, no DSCR or DTI loan, which SECC closed in 28 days. 

Closing Highlights

NOO 3 Family 

Pennsylvania 

  • Vacant property
  • 8.99% rate
  • 3 yr. fixed, 30 yr. am. 
  • No tax returns required
  • 3% for 3 yr. PPP
Apply Online

Program Highlights

SNC Program

Nationwide

  • Loans from $50K to $5M+
  • Rates start at 7.99%
  • Most properties considered
  • Broker fees up to 3%
  • Work with a direct lender
Request a Rate Sheet
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About SECC

Headquartered in Los Angeles with offices nationwide, SECC, as a direct lender provides non-conforming real estate loans up to $5,000,000 nationwide; and, provides collateralized and uncollateralized business loans in participation with third-party lenders. Additionally, SECC offers same-day term sheets, excellent service and prompt responses, is broker-friendly and pays rebates to approved partners. For additional information visit www.southendcapital.com or call (888) 268 - 7778. SECC is licensed under California Finance Lenders License # 603 L334.
 
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