A unique opportunity to buy a duplex in Bellevue WA within walking distance of downtown saw 43 offers in one day. To differentiate themselves from the pack, two business partners decided to include a 10-day close in their offer. The seller was motivated to sell quickly and selected their offer, even at a lower price than other competing offers. The new reality now facing those business partners was to find someone that could execute a loan request in 10 days or less, with certainty? Reaching out to a connected loan officer/broker (Lisa Tang) to find a reputable funding source, she knew to call Seattle Funding Group.
Seattle Funding Group was able establish value within a couple days, quickly underwrite the loan request and provide funding on time. In a competitive market, a quick close from a multi-decade reliable lender can differentiate your offer from the masses.
What we like about the deal:
- 60% Loan to Cost which allowed some flexibility in the valuation.
- Strong financials.
- A very responsive broker and borrower that allowed us to move quickly.
- LOCATION LOCATION LOCATION