Developer tied up the retail units of this downtown Seattle high-rise condo back in 2005 during the planning stages. Fast-forward to 2007 and our borrower needed to close on the purchase in its “grey – shell” stage without a tenant in hand… A tough order for any traditional lender. SFG was able to quickly assess the demand for these units, which was quite high, and made a loan based on its current vacant value. The borrower brought in cash to purchase and we closed on time.
Today, Seattle Funding Group remains an industry leader and continues to lend throughout the West.