South End Capital a Division of Stearns Bank N.A.

Basic information

QM program

N/A

Loss payee

N/A

CPL or subordinate clause

N/A

Lock policies & fees

Lock policies

Lock extension

N/A

Relock

N/A

Lock & Shop

No

Lender's niche & overlays

Lender's niche

Our internal small balance CRE program is available nationwide with no population minimums—even rural properties are considered. Structured as a no-income-doc loan, the program has no occupancy, cash flow, or debt service requirements.

Because we lend from our own balance sheet, we’ve streamlined our process to move past traditional lending barriers, offering a simple one-page application with no income documentation required.
This is a "common-sense," equity-driven solution designed for your borrowers who need speed and want to avoid the extensive paperwork often found in the commercial market.
The “Sweet Spot” for this program ($50,000 Up to $500,000):
• Flexible Use of Funds: Available for Purchase, Rate/Term, or Unrestricted Cash-Out (use for liquidity, expansion, or to purchase more property).
• True No-Doc: No tax returns, no occupancy requirements, and no DSCR hurdles.
• Speed: No third-party appraisal required in most cases; only a 1-page app, credit report, and photos to fund.
• Flexible Assets: Most commercial types considered, including Raw Land, Investment Residential (1-4 units), Non-Profits, and Houses of Worship.
• Market Flexibility: Rural friendly with no population minimums—Nationwide.
• LTV & LTC: 50% Max LTV (or 65% LTC if purchased in last 3 years).
• Credit Requirement: Minimum average 690 Beacon score.
• Asset Condition: Focus is on turnkey, move-in ready assets in good leasable condition (No rehab or construction).
• Borrower Status: US Citizens, Permanent Residents, and ITIN Holders are all eligible.
• Broker Benefit: Earn 3% of the funded loan amount.

Lender's overlays

N/A

Lender turn time

Initial underwrite (days)

N/A

CTC conditions review (days)

N/A

Initial CD (days)

N/A

Reviews