This recent Seattle Funding Group closing of this luxury view rental property is located in a very desirable Honolulu neighborhood. Proceeds were used to make minor repairs to the property before listing to take advantage of the strong resale market in Hawaii. This is a perfect example of a quick business loan on a rental property to enhance the future value of the property and maximize the desired sales price. This mainland owner wanted to use some of his equity in this rental as opposed to using his own cash on hand which was needed for other projects. The experienced borrower has excellent financials along with a substantial equity position in the property. The secured property was listed in excess of $3,200,000.
