Waterfront Asset Restructures Finances
The owners of this waterfront vacation rental property needed a refi with cash out. The waterfront location provided security in an otherwise soft market, the broker negotiated a partial pay-down and subordination of an existing 2nd TD and the borrower’s job stability and income took care of the rest. SFG’s market experience allowed us to close the transaction by month’s end, even though the first call didn’t come in until after mid month. SFG’s responsiveness, highly competitive rates, flexibility and market knowledge allowed the broker to professionally service his client and bank the reward for his effort in less than two weeks.