This builder focuses on fix and flips and new construction in Maple Valley, WA, a growing suburb southeast of Seattle. This borrower has found their niche in the Maple Valley real estate market and their work reflects designs that meet market demand. They have an excellent record of successful loans with Seattle Funding Group for over 10 years. Even with a long-standing banking relationship the borrower needed our capital to meet their business plan. As usual time and certainty were an issue for the borrower.
Understanding the situation and borrower’s fix and flip business model, SFG quickly assessed the situation and committed to meeting the quickly approaching closing date. SFG provided acquisition financing and holdback costs for the planned improvements, once the plans were approved and permitted by the city.