May 23 , 2006

Senderra Funding Chooses Lancaster County for Headquarters

Groundbreaking Ceremony Held For 60,000 SF Headquarters In The 521 Corporate Park

Lancaster County, SC -  Senderra Funding LLC announced today that it would locate its corporate headquarters in Lancaster County with the recent purchase of a 6.25 acre site at 521 Corporate Center in Indian Land, South Carolina. The new 60,000 square-foot state-of-the-art corporate headquarters will initially hold approximately 250 employees and total building capacity is projected at 400. Construction will begin shortly after the May 23rd ground breaking ceremony with completion expected in March 2007.

“We are very excited about our move to South Carolina,” says Lew Semones, CFO of Senderra Funding. “Our new headquarters, our rapidly expanding employee base and new location are a winning combination, not just for us, but for the growing community of Indian Land as well.”

Senderra Funding LLC, a new mortgage company specializing in nonprime lending, has entered the wholesale market with a state-of-the-art engine that offers mortgage brokers fully-underwritten loan approvals, including conditions, in just seconds. According to company officials, Senderra combines the best of two worlds: a computer system that allows the entire mortgage approval process to be completed electronically and a solid team of professionals who serve as personal lending advisors on each transaction.

“Senderra’s new corporate headquarters will be a positive addition to one of our state’s fast-growing communities, and another step in the right direction with respect to this region’s economy,” said Gov. Mark Sanford. “We’ve created more than 117,000 jobs over the past three years and today’s ground breaking in Indian Land reinforces our administration‘s commitment to continue that progress.”

“We welcome Senderra Funding to South Carolina’s business community,” said Secretary of Commerce Joe Taylor. “Continued growth in this region bodes well for our citizens who benefit from the enhanced quality of life such corporate and financial headquarters bring to a community.”

“Lancaster County is fast becoming a prime location for headquarters and corporate office projects in the mortgage and finance industry,” said Lancaster County Council Chairman Alston DeVenny. “The addition of Senderra and its nearly 300 employees will create high paying jobs for our citizens and continue our success in attracting high quality companies to Lancaster County. We’re excited about their decision to grow their company in Lancaster County.”

Founded in 2005 in Charlotte, NC, Senderra has teamed with investment banking giant Goldman Sachs and boasts more than 30 years of industry experience among its founders. Brad Bradley, founder and President of Senderra previously was the founder, Chairman and CEO of EquiFirst; and his colleagues held senior positions at Accredited, GMAC and Wachovia Securities.

You can find more information at www.senderra.com.