This property owner needed a quick loan to solve some business challenges. Fund Managers were on-site the next day walking through the building. This eight unit apartment is fully occupied and located in an excellent, walkable Seattle neighborhood known as Wallingford. The loan was structured to include a reserve account to fund replacement of the roof as well as take care of a siding inspection. As soon as the title report was received, loan documents were drafted. SFG’s ability to quickly fund business capital loans on relatively low LTV real estate continues to be a fundamental pillar of our business model regardless of economic conditions.
LTV: Approximately 55%
Thanks to Morris Groberman of Northwest Commercial Real Estate Investments for his help in assessing current apartment market conditions.