High-end, spec residential construction financing in Clyde Hill, Washington. This highly experienced builder/developer and his veteran team built a 5688+ sq.ft. home currently pending for $3,995,000 Million and is within minutes to Bellevue downtown corridor, I-405 and I-90. Located in one of the higher priced communities all of Bellevue, this home will be turnkey with all the amenities, including 5 bedrooms, 5 baths, and a large 28,000 sq ft lot.
Seattle Funding Group has extensive spec residential construction financing experience in Luxury properties throughout the western United States. Spec-building and construction financing at this price point always requires solid analysis, perhaps never more so than in today’s economic climate. Our borrower carefully considered his timing and sizing strategy to produce a product that is in high demand. Likewise, SFG carefully evaluated the request through our thorough 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 in providing $1,825,000 and up for high-end spec construction financing. 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 is the portfolio lender of choice for today’s experienced mortgage professionals.