High quality builder with perfect credit, sought to build four townhomes on an infill lot in Greenlake the very desirable neighborhood of Seattle, Washington. The $700,000 lot was purchased by borrower and held free & clear. Borrower wanted to get started building right away to capture the summer selling season. Since the borrower had taken the last two years off, he showed no income but was a proven builder with no debt and, again…a free and clear lot. The broker knew this loan was tailor made for Seattle Funding Group. Our construction department got on the transaction right away and this loan was closed inside of two weeks.
