High-end, spec residential construction financing in Vuecrest neighborhood, Bellevue, Washington. This experienced builder and his veteran team built a 5,573+ sq.ft. home currently listed for $5,395,000 and is within a minute walk to Bellevue downtown corridor, I-405, 520 and I-90. Located in one of the higher priced communities in all of Bellevue, this home is luxury modern with all the amenities.
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 by providing $2,700,000 for this high-end spec construction project. 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 for experienced builders and the portfolio lender of choice for today’s experienced mortgage professionals.