Repeat borrower wanted some quick cash-out on his Queen Anne hill apartment complex to fund another business opportunity. The conservative loan request coupled with a well-qualified borrower allowed an expedited closing in just a few days.
The apartment has larger than average units, 180 degree views of Lake Union and is always 100% occupied.
This is a prime example of leveraging equity locked up in core real estate holdings to capture new opportunities and diversify assets without selling a generational asset.
Consider putting SFG’s team of professionals on your next private money transaction and watch how fast we can close!