SFG seeing beyond institutional loan limitations.
This prime located apartment in one of the hottest neighborhoods of Seattle had tremendous upside that the banks could not monetize in their lending model. Naturally, a well-heeled seasoned investor that has done business with us before seized this opportunity in Ballard Washington. He knew that Seattle Funding Group could see though a temporarily depressed income stream due to COVID and provide him the leverage he needed to actualize his purchase quickly. Utilizing the SFG Pay Rate Loan Program, our borrower will be able to keep his payments low while increasing the NOI with apartment improvements. After right sizing the rents he will be able to get institutional long-term financing at the rates he wants and at the leverage(or value) the property deserves. The borrower is now set up for long term success in a post COVID rental market.
A classic example of Buy, Rehab, Rent, Refinance, Repeat.
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