Developer tied up the retail units of this downtown Seattle high-rise condo back in 2005 during the planning stages. Fast-forward to 2007 and our borrower needs to close on the purchase in its “grey – shell” stage without a tenant in hand... A tough order for any traditional lender. SFG was able to quickly assess the demand for these units, which was quite high, and made a loan based on its current vacant value. The borrower brought in cash to purchase and we closed on time.
The ariel photo shows the site prior to construction. Our subject property is the retail component to this 40 story tower.
Seattle Funding Group, Ltd
1239 120th Ave. NE, Suite J
Bellevue, WA 98005 T 425.455.1733 F 425.454.7655
1.888.SFG.FUND info@sfgfunds.com
Seattle Funding Group of California
4711 Viewridge Ave., Ste. 270
San Diego, CA 92123 T 858.751.0556 F858.560.0529