This long dormant project was left over from the recent down draft. The experienced builder had stopped construction due to financial and market conditions, paid the property off and waited for better times. When better times came, and the market was prepared to support the targeted price point, they called Seattle Funding Group of CA to finance completion of construction.
Glassell Park is a community of Los Angeles, located on the north slope of Mt. Washington. SFG of CA knew the area, and moved quickly to provide the requested construction financing. Once closed, the builder moved equally fast to complete the house in a manner and design tailor-made for the location and view. The transformation from standing CMU stem walls to completed project was quite rapid and dramatic.
SFG is very active with construction completion financing for spec residential and multi-family projects, as can be seen with this broken multi-family development project in Cathedral City, or this small multi-family project in West Hollywood.
Next time you require acquisition and/or construction completion financing, remember Seattle Funding Group – The Source for private money construction financing programs throughout The West…for 28 years and counting.