Part of operating any business is maintaining working capital. Many times, there is a delta between liquidity and receivables. A seasoned, well-known contractor/developer in Tri Cities was in one of those situations. Being a prudent, seasoned business owner, he kept the debt on his company’s real estate low.
Seattle Funding Group provided a cash out refinance on the company’s offices to give a short-term cash infusion to bridge the gap until he can collect on ongoing projects.
Why we like the deal
- Established, well known Business
- Property is in excellent condition
- Clear, defined exit strategy
- Strong, creditworthy borrower
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