These “A” paper, experienced residential flippers returned to Seattle Funding Group of CA for two more bridge loans after closing their first transaction with us just three months ago. Highly successful in identifying, acquiring, rehabbing and turning residential properties in Pt Loma’s finer neighborhoods, it is all about speed, structure and pricing for this seasoned team of professional residential flippers. SFG’s lending model and staff are likewise focused on the same elements, so from the onset, it was a relationship destined to expand and endure.
In this case, they identified a terrific property, and contracted it over the holiday at an excellent price in exchange for a certain and fast closing. SFG responded immediately, performing a Saturday site inspection, providing same day deal certainty and closing within the short timeframe prescribed in the purchase agreement. The financing package included one bridge loan on the acquired property, and a separate bridge on another leased residential asset they held free and clear. Between the two loans, SFG furnished 100% of the acquisition funds required, yet maintained leverage levels well within our existing lending models…all at a highly competitive rate. SPEED, STRUCTURE and PRICING.
Responsive bridge lending and a plethora of construction financing programs, all provided with the flexibility and common sense derived of 28 years of cutting-edge leadership within the private money industry. It’s why we have clients who have returned 15 to 20 times, or more. It’s why your next call should be to the professionals at SFG when you require speed, structure and pricing.
Our thanks, once again, to Sal DeMaria of Berkshire Hathaway HomeServices and Frank Palatella of Palatella & Associates. When it comes to the Pt Loma area of San Diego, nobody knows it better than Sal. And Frank has been appraising the finer neighborhoods of San Diego County for over 30 years. Combined, these two, and countless other professionals throughout the Western US, allow SFG to get it right on value, to respond to the time sensitive demands of widely varying submarkets, and to properly protect the Family of Funds that keep SFG the industry’s leading direct, portfolio lender.
