These extremely experienced sponsors were well known to Seattle Funding Group. When they called to inquire about bridge financing for the acquisition of a terrific multifamily site in Santa Rosa, we were all ears. Regionally active for decades with strong balance sheets and a history of performance, it was easy to underwrite and approve the sponsorship. The property was likewise solid, enjoying a great location for the intended use within a community exploding with demand and growth.
Seattle Funding Group makes comparatively few land loans as a percentage of our total closings and Fund Portfolios, yet this one had the green light from the first phone call. We were posted up and ready to close to meet the terms of their purchase contract…Capital at the Speed of Business, including on solid, infill development sites for proven sponsors.