Prime retail property in Juneau, Alaska catering to the cruise ship passengers. Property was burdened by a long-term, below market lease with an option to purchase. SFG navigated the legal complexities, subordinated the lease, and managed a 70% LTV. Borrower had an outdated appraisal and didn’t want to slow down the transaction. No problem! SFG was able to update and verify values based on top local realtors knowledge allowing the use of preexisting appraisal with no “hair-cut” on value. The loan amount fully met the borrower’s request.
