This brother and sister real estate investing team purchased this 7,000+ SF luxury property with 70 feet of waterfront on Lake Sammamish in Issaquah in 2009 from a distressed developer. The borrowers’ own a very successful mercantile business in Chicago but have many clients from China and all over the world that like to stay in Seattle. Their intentions when purchasing this property, aside from its huge upside potential, was to have a place to offer their clients to stay when they visited the Seattle area. Now that the real estate market has recovered, the borrowers have the house on the market to sell at a price that will earn them a healthy profit. It is listed by Mark von der Burg and his team at VDB Estates International, a very successful company specializing in top-quality luxury properties. While the $3.5M+ home is in the process of selling, the team came to Seattle Funding Group for a cash-out bridge financing to fund another business opportunity. Many real estate investors effectively use SFG’s short-term bridge financing as “entrepreneurial” capital…thereby seizing the next opportunity as it arises. Click here to see the listing!
