Seattle Funding Group provided construction financing for the first and third phases of this terrific, 112-unit attached project in Palm Desert, CA. A large regional bank jumped in and covered Phase II, underscoring the fact that most of SFG’s clients are bankable…when the banks actually want to play!
Phases I & III (each) comprised of three buildings and twelve stacked flats. The market’s response to this well-conceived product was overwhelming, with dozens of presales, contracts and deposits. Together with the experienced, three-time repeat sponsorship, the project’s superb design and positioning, and as always, the numbers, this second round of financing was a tailor-made $4.1m addition to SFG’s portfolio.
Click for a short aerial view video of the property.
For years, Seattle Funding Group has been active throughout the best locations of the Coachella Valley.
- High-end spec homes at Bighorn in Palm Desert
- The Madison Club in La Quinta
- Vacation rentals in Rancho Mirage
- Multifamily repositioning in Cathedral City
- A broken subdivision in Rancho Mirage
These are but a few examples of SFG’s more recent activities in The Desert.
Seattle Funding Group brings 29 years of lending experience to The West’s larger markets, and to The West’s best small and mid-size builders. That experience explains why so many of our builder clients repeat the process, some as often as 50 times. And why knowledgeable brokers continue to contact SFG with their construction financing requests.
