Owner of this 8 unit apartment building started a small rehab with funding out-of-pocket, then decided to expand the scope of the project. Seattle Funding Group was able to lend a quick cash-out loan to fund the construction of an additional unit to the building thereby increasing the owner’s cash-flow. Borrower has great credit and this building is located in the close-in, desirable Magnolia neighborhood of Seattle. Approximate Loan to Value Ratio 17%.
