An investment firm, comprised of two brothers, acquired one of the last remaining undeveloped flat parcels in Mercer Island Washington, paying all cash.
During the short plat process, the two brothers came across another unique, unrelated buying opportunity which required a quick cash injection. Working with timeline and international traveling borrowers, SFG quickly underwrote the loan request and provide a new first position loan on the free and clear Mercer Island parcel, giving the borrower the capital needed to secure the new business venture.
When the short plat gets final approval and the project becomes shovel ready, SFG will be equipped to provide construction for five new homes!
When time is of the essence…SFG is at its best!
Contact SFG Underwriter
Bellevue, WA 98004