The Situation: Borrower committed to a pre-construction purchase of the retail component to this 179 unit, “A” quality condominium community in the “eccentric” and high demand neighborhood of Ballard, Washington.
The Details:The borrower was negotiating leases at $38.00 per ft, but needed to close prior to the execution of leases.
The Answer: With his two year old negotiated purchase price was well below market value, Seattle Funding Group was able to quickly fund the acquisition on this class “A” building for this class “A” borrower.
Real estate capital at the speed of business with SFG!
