The landlord has owned this Queen Anne rental in Seattle, WA for years. The borrower is a designer and needed some operating capital to take advantage of improving market conditions in San Francisco. Additionally, some minor maintenance items were tended to for the tenants of the home. The subject is located in a very stable neighborhood, has been a wonderful rental property over the years and is conveniently located near shops and schools.
SFG responded quickly and was ready to go to loan docs within a few days (value was obvious). Even with the small loan amount, SFG’s pricing for non-owner occupied loans is amongst the lowest in the private money industry. We provide certainty, fair priced lending and always responsive service… regardless of the loan size!
LTV 29%
