A well-qualified international investor was looking to build a portfolio of luxury rental properties, but needed a responsive lending partner. Enter Seattle Funding Group. Because this property had some backup offers, not closing on-time wasn’t an option. SFG’s ability to close quickly combined with common sense underwriting was a perfect fit for them. To their credit, they couldn’t have started with a better property. This waterfront home is located in Bellevue, Washington on over 1.5 acres. With 150 feet of Lake Washington waterfront and a deep water dock, the home should have broad market appeal.
Purchase price: $3,550,000
Loan to Value: 65%