This investor came across an attractive acquisition in a great area of North Seattle. The trouble was, he needed “deal certainty” in negotiating this purchase of a Fannie Mae property. Additionally, the borrower is a foreign national with excellent but limited US based credit. Seattle Funding Group quickly assessed value and combined with a reasonable cash down payment was ready to close within days. This very clean property is in an affordable price range that has high market appeal. This will be a nice rental as it is located just north of the University of Washington. Just another example of a safe and well secured loan opportunity.
LTV: 65%
