Borrower committed to a pre-construction purchase of the retail component to this 179 unit, "A" quality condominium community in the "eccentric" and high demand neighborhood of Ballard Washington. Borrower was negotiating leases at $38.00 per ft, but needed to close prior to the execution of leases. His two year old negotiated purchase price was well below market value. Seattle Funding Group was there to quickly fund the acquisition on this class "A" building for this class "A" borrower.
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