This recent Seattle Funding Group closing is the perfect example of a quick “business use” loan that had the necessary fundamentals and the essential underwriting elements in place for a strong lending opportunity. This mainland owner needed the funds to capitalize his business quickly while negotiating the sale of his company. This luxury beachfront home is located in a very desirable Maui location. The experienced sponsor has excellent financials along with a substantial equity position in the asset. SFG expertly assessed value and closed the transaction in under 10 days, thereby allowing the sponsors to meet his business needs. The securing property is valued in excess of $3,000,000.
