An experienced group of local investors/contractors found an opportunity at a popular getaway destination in Northern Idaho. An approved unfinished Waterview Condo Development with an approved dock plan.
The challenge with the project was the rural location and unfinished structure. Our borrowers were able to overcome these hurdles by partnering with a well-established contractor who can be on site and have the building professionally inspected to eliminate potential risk.
Seattle Funding Group has the upmost confidence and are excited to see their vision come true. A lakeside community that has a dock with boat slips, access to a private beach, and a beautiful view of Priest Lake.
What we like about the deal
- Strong, diverse group of investors
- Appropriate leverage for location and risk bringing significant cash to close
- Experienced General Contractor
- Well-orchestrated plan/strategy
Contact SFG Underwriter
