Seattle Funding Group sees and often provides financing for high-end residential fix & flips. In addition, SFG provides bridge and construction financing for industrial property flips, as well as financing for many variations of asset repositioning, such as with multi-family and commercial re-tenanting. You’ll see many representative examples posted throughout our Deal Galleries, and this latest one is just 1 mile from another we closed a couple of years back, an event that occurs quite often after 28-years of private money lending.
This small, multi-user building was well-located, had one secure storage yard for each tenant, was partially vacant, in need of attention and ripe for the benefits of repositioning. The strong, experienced sponsor recognized and contracted the opportunity, and was then referred to SFG for highly responsive bridge financing to meet the short fuse on the acquisition. SFG easily established a working rapport as it quickly provided deal certainty and sensible pricing for this fundamentally simple transaction.
-Great, undervalued asset
-Solid location
-Strong, experienced sponsorship
-Ample reserves
-Clean environmental
-60% of purchase price
…right over our plate.
First call on 9/13; closed on 9/30, even with a hiccup.
Thanks once again to our old friend and valued contact, Keith Black of CBRE. A highly experienced, Orange County commercial and industrial brokerage professional, SFG first met Keith over 10 years ago. Since that time, Keith has assisted SFG with sales, values and market conditions on numerous occasions. Keith’s local knowledge and forthcoming approach are yet another reason why Seattle Funding Group remains the responsive bridge lender of choice for real estate entrepreneurs throughout The West…for 28 years and counting.
