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SECC Recent Closing
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Recent Funding

$215K Vacant NOO SFR Refinance + Rehab, 215% Loan to "As Is" Value

SECC's NOO Residential Rehab Program 
This $215,000 rehab and refinance loan of a vacant, non-owner occupied SFR, was funded without any credit report, tax returns, 1003, personal financial statement or property financials (we never require any of these items for this program). SECC provided a 12 month, interest only bridge loan at 215% of "as is" value and 75% of "as renovated" value. Final terms were 12.5%, 3.99 points, no prepayment penalty, interest guarantee or exit fee. SECC also funded a $140,000 rehab component which was 100% of the budget requested

Closing Highlights

NOO SFR

Connecticut
  • 215% loan to AIV
  • 12.5%, i/o, 3.99 points 
  • No prepay penalty
  • No credit score required
  • Fully funded $140K of rehab
Apply Online

Program Highlights

Program Highlights

Available in 18 States** 
  • Loans from $100K to $1M
  • Rates from 8%, interest only
  • 100% rehab funding available*
  • No investment experience
  • No primary home ownership 
Request a Rate Sheet
*The maximum purchase LTV cannot exceed 80% of the "as is" value or 75% of the "as renovated value" (no refinance LTV cap as long as ARV is < 75%). The available LTV may be reduced due to borrower experience level, geographic location of the subject property and other factors. 

**This program is currently available in: CA, CO, CT, FL, GA, IL, MD, MI, MO, NC, OH, PA, SC, TN, TX, VA, WA & WV.
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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 and real estate 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.
 
Copyright © 2016 South End Capital Corporation, All rights reserved.


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