Vacant, Class “A-” Asset, Highly Visible, Solid Location, Low LTV
Successful entrepreneur owns this Class “A-” office building free and clear and needed a quick cash-out to fund a business opportunity. Formerly the corporate headquarters for Safeco Insurance, this 56,000 square foot building is located in a desirable suburb of North Seattle. Currently, the property is listed for sale for over $6 million. Because the property is currently vacant and listed for sale, traditional financing wasn’t easily obtained. Seattle Funding Group quickly assessed value and had loan documents waiting in escrow within two weeks time.
Approximate LTV ratio: 30%