$600,000
  • 5 Quality Condominium Units

  • Portland, OR
  • SFG Express

Experienced condo converter had sold out the majority of the project when the market started to slow. At the same time his construction note was coming due. Rather than a potential problem scenario, this good credit borrower who had a ton of his own cash in the deal was the perfect SFG borrower. With a low cost basis per unit and a great location, we were able to not only refinance his note but provide cash-out and an interest reserve for additional marketing time.