Purchase using bridge lending in Waikiki of beach front investment condo. Property needs some light rehab before being placed in the rental pool. Beach front units are in high demand and this property has proven rental income. The condo-hotel is a specialty property type that can be challenging as they do not always fit traditional lending models but this one is a good fit for Seattle Funding Group’s flexible bridge lending model due to the rental income and its professional management. Once the borrower completes the renovations the value will be enhanced increasing the amount they will receive for rentals.
