A local investor and entrepreneur had been accumulating properties for a larger multifamily project in the future. There was critical piece of the future development that became available but needed to close in less than 2 weeks.
Seattle Funding Group was able to quickly underwrite the value utilizing our local contacts and provide certainty in funding to our borrower.
We love performing loans in Hawaii and look forward to seeing our borrowers’ vision become a reality.
Why we like the Deal
- Location.
- Interim Use/Rental Income during permitting process.
- Borrower owns adjacent properties.
- Appropriate LTV for the asset.