When it comes to construction financing, a quick closing can mean the difference between a profitable project built on time and under budget or another lost opportunity. Given the risk that comes with rapidly changing market conditions, Seattle Funding Group’s deal certainty can be a game changer for the experienced builder. While banks are still in loan committee, SFG’s construction borrowers are out of the ground and on their first or second draw. SFG’s construction loan program is the fastest, simplest financing of its kind in the market today.

SFG’s Construction Department is managed by Jim McBride, a construction professional who has been with SFG since 2001. Prior to the close of a construction loan, Jim works closely with the applicant/owner/builder to analyze the essential elements of the project, including the budget, plans, specs, permit status, site conditions, GC and the construction team. After close, Jim continues to work closely with the builder throughout the construction process, up to the point of completion. Jim’s experience, dedication and focus are a tremendous value add for SFG and builders alike. Our many long-term construction relationships and repeat opportunities stem from Jim’s commitment to a quality experience and result for all involved.

For AZ Requests: Rodd Wagner – 480-455-5047 | rodd@sfgfunds.com
For CA Requests: Chuck Salas – 858-751-0556 | chuck@sfgfunds.com
For WA, OR, HI, UT or CO Requests: Kent Rowe – 425-455-1733 | krowe@sfgfunds.com

3 Quick Thoughts When Constructing Your Next Construction Loan Request

Construction Loan Program Details

Borrowing entities and credit requirements

  • Owner, builder, spec or custom home construction
  • Individuals, corporations, LLCs, partnerships, trusts, estates, international investors, etc.
  • Combine multiple borrowers or multiple entities in a single transaction
  • SFG’s decisions are based on the quality of the project
  • Ground-up or broken priority

Property types and requirements

  • Spec residential – attached, detached, in-fill, high end fix & flips, multi-family or broken projects
  • Commercial projects can include acquisition financing and asset repositioning
  • Ground-up or construction completion and broken priority…and we can finance the acquisition, too

Realistic construction periods

  • Up to 24 months, or more, depending upon the scope of the project
  • Can accommodate multiple phases and sensible, market driven partial releases
  • No prepayment penalties or yield maintenance

In-house construction department

  • SFG manages its own construction fund controls and inspections for projects throughout the west
  • Quick, flexible dispersals. One-week turnaround on draw requests
  • Custom draw schedules that support your project
  • SFG’s experienced construction manager is on staff and at your service

Responsive portfolio lender

  • SFG doesn’t rely on credit lines or depend on reselling to the secondary market
  • Offers the creativity and flexibility that comes with being a true portfolio lender
  • The ability and willingness to structure sensible solutions to your construction financing needs

Simple application process

Fast answers

  • Same-day turnaround on SFG’s expression of interest
  • We know our markets and can get to deal certainty while the bank is still asking questions