This recent Seattle Funding Group closing is an excellent example of a quick business use loan that had the necessary fundamentals and the essential underwriting elements in place for strong loan. The home is in a solid, high end core location, there was sufficient equity protection in the transaction, and the experienced sponsor has excellent financials along with a substantial equity position. SFG expertly assessed value and closed the transaction in under a week, thereby allowing the borrowers to meet their business obligations with plenty of time to spare. The Broker is a true professional and knows when it is time to look outside traditional lending sources to get the job done.
