Another example of a rehab loan funded by SFG. The borrower has worked with SFG in the past rehabbing property. He used to pay all cash for the properties but with multiple properties underway, a little leverage on each deal makes a ton of sense for growing his business model. The future value is expected to be $900,000. This property is located in a good neighborhood in Juanita/Kirkland with views of Lake Washington.
LTV approximately 50% of the purchase price of the property before the rehab was done.