Another example of a rehab loan funded by Seattle Funding Group. The borrower paid all cash and then came to SFG for a quick cash-out loan to fund the rehab of the property. The cash-out allows the group to then go out and do it again. Of the $290,000, $112,000 was held back to fund the rehab. The future value is expected to be $605,000. This property is located in a good neighborhood in West Seattle, even offering views from the upper level.
LTV approximately 48%