Due in part to the current lending environment, this long-term bank client learned that the bank would not extend or renew their loan at the impending maturity date. In a win for the borrower and the bank, SFG put together a bridge loan to quickly refinance the bank’s loan and provide the borrower with a 2-year, interest only loan to give the borrowers the additional time they needed to prove their post Covid business was thriving again. Borrowers are very strong, Property is located in Redmond, WA in an excellent location, all they needed was a some additional time.
SFG will help to provide the time your client needs, so they can get back to a conventional loan the deserve!
Contact SFG Underwriter
