Local experienced builder who really knows his market and is moving into larger spec projects in specific markets! We are now seeing a strong demand for newly constructed housing in key core locations. With rates at historic lows, more confidence in housing and pent-up demand from new homes, buyers are definitely more motivated to buy new homes. This local builder purchased 2 lots and will be starting 2 new spec homes on Mercer Island, a permier location minutes from Seattle, with a planned completion in time for spring selling season. SFG is actively serving boutique builders in core locations.
LTV ratio: 55%