This is a ultra luxury, spec residential construction financing deal in Medina, Washington. This long time repeat builder came to SFG once again to secure construction financing on his most recent project. This highly experienced veteran team are building a home to be listed for $9 Million plus on what is commonly known as one of the most coveted neighborhoods in the Seattle area.
Seattle Funding Group has extensive spec residential construction financing experience in the Bellevue area and throughout the western states. Spec-building and construction financing at this price point always requires solid analysis, perhaps more so than in today’s economic climate. SFG carefully evaluated the request thorough our due diligence process and evaluation of market conditions, finished value, and strength of the borrower before quickly heading to a closing.
This transaction is an excellent example of SFG’s lending capabilities. SFG’s capacity and program flexibility does not typically exist with today’s private money lenders, and it is the reason that SFG remains the first call and the portfolio lender of choice for experienced mortgage professionals and builders alike.
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