Borrower found himself short on the capital necessary to purchase a residential subdivision he was in escrow to buy. Seller was hoping for a default as our borrower had doubled the value of the land through zoning changes and entitlements. He had four days left to close, but offered SFG a free and clear medical building in the heart of down town. Loan was approved in three hours and closed when title arrived two days later.
Last Minute Acquisition Capital. Medical Center as Collateral