Prime retail center located in Redmond, Washington next to the Redmond Town Center and close to Microsoft Corporation. This 3 unit center has a mix of national and local tenants including Starbucks, Sprint and a local Chinese Restaurant. This Foreign National borrower was looking for a cash-out refinance to fund some other business opportunities and it was imperative to close by year end for accounting and tax purposes. Seattle Funding Group was able to close the transaction with a bridge finance loan in less than 2 weeks meeting the deadline. This was accomplished without sacrificing an appropriate amount of underwriting that included estoppels, environmental review, and formal appraisals. Nearly anything is possible with SFG when you have the borrower and lender both diligently working towards a common goal.
