Seasoned real estate investor owned multiple rental units in several different LLC’s in this condominium complex near the college campus. The property was built in 2006 and boasts high quality finishes throughout. A new purchase opportunity presented itself in a different location and this investor needed cash-out quickly to grab a below market deal. SFG analyzed the real estate and funded a $2 million loan. The borrower needed release provisions and no prepayment penalties in order to sell these units as time goes by…..something traditional lenders are not eager to do.
