A reputable builder needed time to sell a property just completed in the prominent Red Ledges Neighborhood of Utah. With his construction loan coming due, SFG quickly underwrote the request and was able to get the appropriate lien releases using the Sate of Utah Registry System.
He now has ample time to market and sell the home without a pending balloon payment.
Why we like the deal
- Strong resume of like projects.
- Golf Course Community.
- Organized Lien Releases with proof of payment.
- Certificate of Occupancy issued.
- Borrower Stands to Benefit well beyond the cost of funds.Â
Contact SFG Underwriter
