An established developer had almost completed two condo conversions. Nearly all of the units had been updated and the conversions were near complete. Our borrower listed the units and some were immediately under purchase and sale agreements with qualified buyers ….only to find out the bank would not provide deed releases for the listed units. The experienced mortgage broker knew to call SFG to solve this problem, and was thrilled with the service and speed provided. The borrower was able to maximize their profits and quickly move on to the next project.
$1,026,500
Condominium Conversion
Tacoma, WA
Commercial