Well-seasoned real estate investor saw a terrific opportunity with an underutilized industrial building in the Georgetown district of Seattle. Knowing that Seattle Funding Group can creatively construct a loan to meet this need, he took advantage of the free and clear equity position he had in another property to secure a loan for several hundred thousand more than what he paid for the Georgetown Building. This gave him the ability to repurpose the property and re-tenant quicker, allowing flexibility to get the long-term financing at the price and leverage he wants. This seasoned investor has already created a few million dollars equity lift by securing a new tenant for the subject property prior to closing. He just now needs to use a portion of our loan proceeds for the tenant improvements so the new occupant can move in. Incredible!
Seattle Funding Group designs radically fast loan closings that sets borrowers up for extraordinary success!
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Bellevue, WA 98004