A straight “A” borrower needed a quick capital infusion to fund some short term business liquidity issues. The subject property used as collateral was a free and clear upper end rental home located in Southern Highlands Golf Course community of Las Vegas, NV. As our borrower’s business revenues continue to improve, a conforming refinance should be available rather quickly. With an appraised value of $1,200,000 the relatively low “loan to value” ratio falls well inside Seattle Funding Group’s lending model and positions our borrower for a smooth road ahead.
Special thanks to Carol Anne Adams of Prudential Americana Group for quickly visiting the property, providing sale comparables and for assisting in confirming value. Thanks also to the referring broker for her professionalism and commitment to providing a sound loan for her client and the SFG portfolio. Win/win.