High-end, spec residential construction financing in THE MAUNA KEA RESORT, KAWAIHAE, Hawaii. This highly experienced builder/developer and his veteran team are building a 5,500+ sqft home to be listed in excess of $7.5 Million, with unobstructed ocean views, minutes to beach amenities, two signature golf courses, and within 10 minutes to shopping and restaurants. Located in one of the higher priced communities on the Big Island of Hawaii, this home will be turnkey with all the amenities, including 6 bedrooms, 8½ baths, pool, and lushly landscaped grounds on this lovely one acre lot.
Seattle Funding Group has extensive spec residential construction financing experience in Hawaii and throughout the western states. Spec-building and construction financing at this price point always require solid analysis, perhaps 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 on the island. 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 – providing $1,575,000 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 the portfolio lender of choice for today’s experienced mortgage professionals.