When a seasoned NY developer/contractor was looking for a lending partner to put together their first project in Arizona, (8 townhomes, blocks from the ASU campus), SFG was the perfect fit.
Nimble | The developer’s design called for floor-plans that had more width and flexibility than comparable products available, hence they were looking for a higher price per SF. SFG’s underwriting team reviewed and toured the competing projects and quickly agreed to the higher valuation.
Agile | When the SFG team was asked to provide a higher loan amount than originally requested, the additional funding was easily accomplished using the borrower’s substantial equity in other properties.
Fast | The Tempe, AZ marketplace is a dynamic blend of housing opportunities not only for ASU students, but also for employees of companies such as State Farm, GoDaddy, JP Morgan and Progressive Financial Services. Deal certainty was imperative to ensure these townhomes be built in a timely manner so the sponsor can take advantage of the growing housing needs in Tempe.
Whether it be rapid construction of an infill location, or a quick bridge loan to capture an opportunity, SFG’s 29 years of lending has been refined and proven to serve the ‘Seize The Day’ type of borrower. Give SFG a call today at any of our three office locations to discuss your next seize the day scenario!
Fast Flexible Construction lending – Quick Serve Bridge lending….since 1988.
SFG of AZ 480.455.5047 | SFG of CA 858.751.0556 | Seattle Funding Group 1.888.734.3863