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Southport Mortgage Finance makes private commercial loans to real estate investors, developers, and builders.
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Commercial Loans for new purchases or re-financings, construction or rehabilitation loans.
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Commercial Loans for special situation or bridge loans.
TYPES OF LOANS
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Size: $100,000 - $1,000,000
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Rates of Interest: 12 – 16%
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Origination Fees: 2 – 6 points
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Loan Maturities: 6 months to 24 months
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Loan-to-Value (LTVs): 20 – 65%
LOAN TERMS & STRUCTURE
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1st liens on primary property
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1st or 2nd liens on secondary property
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Liens on personal residences
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Personal guarantees
COLLATERAL
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