A well-known successful ski rental business is expanding their operations in Utah. An opportunity to get a prime location at a premier ski resort came available. The catch is they had only a week to secure funds. Luckily, the owner kept his debt burden low on an existing retail building they operate out of. The equity that was created overtime gave him the option to get a cash out refinance loan though SFG.
Seattle Funding Group was able to utilize existing broker relationships in Salt Lake City to establish value and fund the loan in less than a week.
Why we like the deal
- Well known successful business
- Strong credit worthy borrower
- Great location
- Definitive Exit Strategy
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