Well-located in The Village of La Mesa, the toughest elements to this loan were the Loss of Priority (title challenges), underwriting a high-quality restaurant that included two commercial kitchens (valuation) and needing to be open and operating by the end of September 2018 (speed). The good news was that the sponsor was a 23x repeat client with Seattle Funding Group…and a known performer with SFG and the selected title company.
Solutions:
   1. Strong, experienced sponsors
   2. A track record of performance
   3. Significant cash investment
   4. 23x repeat client with a talented Team
   5. A 122 endorsement from title
   6. A building permit in the nick of time
   7. …and a direct, portfolio lender.
Open for pizza and bier in time for La Mesa’s 2018 Octoberfest Celebration!Â
That’s moving at The Speed of Business. That’s Seattle Funding Group’s stock in trade.
