Borrower inherited this 9-unit well located Ballard (Seattle area) building along with all the bills and clean up that went with it. The property was in need of a little love and $50,000 worth of improvements. Seattle Funding Group stepped in and structured a hard money loan that cleared title, held back funds for improvements and set the borrower up for success. Even in its “as-is” condition, value was somewhere north of $900,000. Indications from our appraisers and in-house due diligence tell us that once complete, value will exceed $1,200,000. When investment property owners need certainty… they turn to SFG.
9 Unit Ballard Apartment Building