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

Thông tin cơ bản

Chương trình QM

Không có

Loss payee

N/A

Điều khoản CPL hoặc subordinate

N/A

Chính sách khóa lãi & phí

Chính sách khóa lãi

Gia hạn khóa lãi

Không có

Khóa lại

Không có

Lock & Shop

Không

Thế mạnh & overlay của lender

Thế mạnh của lender

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.

Overlay của lender

Không có

Thời gian xử lý

Thẩm định ban đầu (ngày)

Không có

Xét điều kiện CTC (ngày)

Không có

CD ban đầu (ngày)

Không có

Đánh giá