This loan request was to build 2 spec residential construction projects on Maui, Hawaii. This highly experienced repeat builder/developer and his veteran team are building a 2 homes to be held as long term rental properties and adding to his rental portfolio, within minutes of Kahului downtown.
Seattle Funding Group has extensive spec residential construction financing experience in Hawaii and throughout the western states. Spec-building and construction financing at this price point always requires solid analysis. Our borrower carefully pick the lots and sizing strategy to produce a product that is always in high demand on the Island. Likewise, SFG carefully evaluated the request through our thorough due diligence process and evaluation of market conditions, finished value and strength of the borrower, while quickly heading to a closing.
This request is an excellent example of SFG’s lending capabilities, by providing $2,035,000 and up for spec construction financing in Hawaii. SFG’s capacity and program flexibility is why builder keep coming back to SFG for their construction lending needs.
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