This borrower was looking for some quick cash out to fund a business opportunity. But, due to the high percentage of rentals in the building and the goal of receiving cash-out, conventional lenders were hesitant. SFG quickly assessed value and had loan documents in escrow within 7 business days. The property is a fully leased penthouse unit in the “Legends Condominium,” located in a prime downtown neighborhood of Portland, Oregon. The property is walking distance to the CBD of Portland and located next to the Multnomah Athletic Club and PGE Park.
