South End Capital Corporation (SECC) is a direct lender that has been servicing the mortgage broker community since 2009 by providing private and non-conforming loans up to $5 million, nationwide. SECC also functions as a correspondent lender, providing SBA, business and bridge loans up to $20 million. Private Money Business Loan Program "Bankable Terms for Un-bankable Borrowers" TERM Loan Sizes Interest Rates Points 2 Year Fixed | 2 Year Amortized No Prepayment Penalty $50,000 to $500,000 9% to 16% 4.5% 3 Year Fixed | 3 Year Amortized No Prepayment Penalty $50,000 to $500,000 10% to 17% 4.5% 4 Year Fixed | 4 Year Amortized No Prepayment Penalty $50,000 to $500,000 11% to 18% 4.5% 5 Year Fixed | 5 Year Amortized No Prepayment Penalty $50,000 to $500,000 12% to 19% 4.5% Term Additional Guidelines Closing Costs Closing Timeframe Credit / Guarantee Requirements Documentation (Minimum) Lien Position Locations Loan Types Prepayment Penalty / Restrictions Rebates Repayment Restricted Industries Underwriting Requirements If you have program questions that are not addressed here, please don’t hesitate to contact us. There are no out-of-pocket costs, or closing costs associated with this loan program. Loans close within 1 to 2 weeks of initial loan submission, assuming full cooperation from all parties involved and timely receipt of documentation. All business owners with >/= 20% ownership will be underwritten, required to guarantee and must have a minimum FICO score of 600. SECC's online application, credit report, authorization, 3 years and YTD financials, 6 months bank statements & most recent year's personal tax return. A blanket UCC-1 lien on all business assets will be filed. Existing business debt will be consolidated under the new loan; first lien position is required. All geographic locations (US only) are eligible regardless of market size or population. Any business related use of proceeds is eligible except real estate related uses, i.e.: Working capital, expansion, advertising, staff, equipment, etc. A prepayment penalty and term length restrictions may apply for FICO < 620, asset coverage ratios less than 1.3x the loan amount, and DSCR < 1.1x. A 1% rebate is paid to approved Brokers. Preferred Brokers are eligible for an increased rebate of up to 2%. Monthly or weekly repayment available. Businesses with a longer collection schedule for their AR will be more often eligible for monthly repayment. Including but not limited to: Bonded construction, real estate or financial investment, trucking, transportation, non-profits, international distribution. 1 year+ in business, $150,000+ annual revenue, >/= 1.0x DSCR calculated as EBIDA divided by the proposed annual debt service. EXPRESS Loan Sizes Interest Rates Referral Partners: 17% to 21% Preferred Brokers: 15% to 19% Points 6 Months Fixed | 6 Months Amortized 6 Month Interest Guarantee $5,000 to $250,000 9 Months Fixed | 9 Months Amortized 9 Month Interest Guarantee $5,000 to $250,000 Referral Partners: 25% to 31% Preferred Brokers: 23% to 29% 2.5% 12 Months Fixed | 12 Months Amortized 12 Month Interest Guarantee $50,000 to $250,000 Referral Partners: 29% to 35% Preferred Brokers: 27% to 33% 2.5% 15 Months Fixed | 15 Months Amortized 15 Month Interest Guarantee $100,000 to $250,000 Referral Partners: 33% to 39% Preferred Brokers: 31% to 37% 2.5% 18 Months Fixed | 18 Months Amortized 18 Month Interest Guarantee $150,000 to $250,000 Referral Partners: 37% to 43% Preferred Brokers: 35% to 41% 2.5% Express Additional Guidelines Closing Costs Closing Timeframe Credit/Guarantee Requirements Documentation (Minimum) Lien Position Locations Loan Types Repayment Restricted Industries Underwriting Requirements Yield Spread Premium/Rebates 2.5% If you have program questions that are not addressed here, please don’t hesitate to contact us. There are no out-of-pocket costs, or closing costs associated with this loan program. Loans close within 1 to 3 days of initial loan submission, assuming full cooperation from all parties involved and timely receipt of documentation. All business owners with >/= 10% ownership will be underwritten, required to guarantee and must have a minimum FICO score of 580. SECC's online application, authorization and most recent 3 months business bank statements and merchant credit cards statements. A blanket UCC lien on all business assets will be filed. A first lien position is NOT required; existing business debt can stay in place. All geographic locations (US only) are eligible regardless of market size or population. Any business related use of proceeds is eligible except real estate related uses, i.e.: Working capital, expansion, advertising, staff, equipment, etc. Daily repayment is available. Longer repayment schedules are not available under the SECC Private Money Business Express Program. Including but not limited to: financial, real estate, travel, construction, subscriptions, vehicle, legal, billing, farming, government, vices, non-profits. 1 year+ in business, $3,000+ average bank balance, $150,000+ annual revenue. Approximate approved loan size will = 8% to 10% of gross revenue. Brokers increase the rate 1%/1 point YSP desired, up to 2 points. Preferred Brokers increase the rate 1%/1 point YSP desired, up to 4 points. South End Capital Corporation | 75 Arlington St. Suite 500 | Boston, MA 02116 | (888) 268 - 7778 www.southendcapital.com [email protected] The above rates and terms are estimates and subject to change at any time. This matrix is intended to be used as an informational resource by mortgage professionals only, is not for retail distribution or use by the general public, and is not an advertisement under section 226.24 of regulation Z. © Copyright 2014, South End Capital Corporation.