Wealthy, A+ credit real estate developer turned to SFG for a quick $925K cash-out loan on his free and clear, high-end rental home on Lake Serene located in Lynnwood, Washington. Borrower requested the loan to inject capital into other development opportunities he was involved with… and fast! Speed of service was highly relevant for his success; Enter SFG…
A few days after the loan request, an SFG representative visited the property and approved the loan on the spot… without an appraisal. With reassurance at hand SFG approved the loan and the Appraisal followed post-closing.
A special thanks to Larry Gockel with Coldwell Banker for his support in assessing property value. Larry is an outstanding real estate agent with decades of experience in King and Snohomish county property values. His value guidance was a great assist with this radically fast closing!
