Property listed for sale……note comes due, now what? Typically, conventional lenders will not lend on these types of properties due to their short duration. A loan with SFG is perfect for these types of transactions, primarily due to our no “prepayment penalty.” In fact, we are known throughout the West as the premier lender on homes listed for sale. And, why wouldn’t we love these types of transactions…..the exit strategy is self-evident. However, given the recent lull in market activity, borrower needed more time to properly market this property. The home is located in Medina, Washington….our Gold Coast and is one of the least expensive homes in the market on a price per square foot basis.
