Well qualified Borrower sought bank financing for a free-standing Santa Barbara style office building in the Phoenix Central Corridor, under contract for less than appraised price.
The Problem:
Seller’s law firm had occupied the building for many years, however Seller was retiring, leaving the building mostly vacant, so the bank could offer no financing options.
The Solution:
SFG’s creative approach allowed the Borrower to close the building within Seller’s time frame; while SFG’s flexible pricing/terms gave the Borrower the time necessary to secure and sign-up new tenants.
