This ground up construction project of a 10,000 sqft building in North Las Vegas was referred directly to SFG by the bank. Dunkin Donuts was a 50% client and the balance of building was unleased (un-stabilized asset)–that is why the bank could not finance the purchase. SFG could, and did so all while being ready to close well within 30 days, and by partnering with the bank (who will likely refinance us out within 6 months).
A common misconception is that it’s either private money or the bank. On the contrary—this is how the two work synergistically, to capture deals, not lose long time clients, and facilitate future business. Several other opportunities are coming now from this particular bank because of this success.
