A repeat borrower had an opportunity to purchase a spectacular property on Kaui at through an auction house.
The caveat is that he had to procure the cash to facilitate the purchase in less than 30 days if he won the bid. Luckily for our borrower he won the bid!
With time clicking away he needed certainty of close and a large enough cash out refinance to secure the acquisition.
Being a savvy real estate entrepreneur, he kept some of his properties underleveraged, hence he was able to offer this beautiful ocean view rental condo in Kaanapali Maui as collateral for the cashout refinance!
With certainty of funding an absolute necessity, he again turned to Seattle Funding Group for a quick close.
Seattle Funding Group was able to provide funding in LESS THAN 2 WEEKS in HAWAII, delivering the certainty and cash needed to secure his auction bid.
What we like about the deal:
- Repeat Borrower
- Strong/Appropriate financial statement
- Great location!
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