This repeat client had an opportunity to add to their highly successful, beach-area vacation rental operation with a terrific new Mission Beach acquisition. Their execution in rolling out their LuvSurf brand, and their financial performance, has been stellar. Seattle Funding Group was more than prepared to support the continued growth of their sandy portfolio.
In this particular case, and to enter into the favorable sale agreement, the seller required deal certainty, proof of availability of financing and a FAST close. SFG’s Team immediately engaged to provide the necessary, highly-responsive bridge financing in support this valued client. We quickly inspected the property, provided the seller with the requested proof of financing letter, and worked closely with the client to close the purchase ahead of schedule…at rates that are continually among the most competitive in the private lending industry.
SFG offers its thanks to our third-party service providers for their expedited assistance: Palatella & Associates for the appraisal and Tom Fowler with Advantage Building Inspections for the property inspection report and follow-up. SFG appreciates all of the long-term relationships with ourmany service providers and we clearly recognize their importance…particularly when days and hours matter. Another success story for the entire, extended Team at SFG, and a terrific new addition to this borrower’s portfolio.