$1,850,000
  • 4 Newly Constructed Townhomes

  • Pt. Loma (San Diego), CA
  • Residential

An experienced developer and builder wanted to pay-off their construction financing and secure cash out for the time-sensitive acquisition of a prime parcel for their next project. Given the product quality, its price and positioning within the local market and an excellent location, Seattle Funding Group closely monitored the progress of the construction. SFG then funded within 24 hours and closed within 48 hours of receipt of the Certificate of Occupancy and the Notice of Completion.

SFG provided this “A” paper sponsor with partial release provisions and a credit facility free of prepayment penalties or lock-outs for this transitional loan request