This is a high-end, spec residential construction financing in Lahaina, Maui, Hawaii. This highly experienced builder/developer and his veteran team are building a 3500+ sq.ft. home currently listed for $3 Million plus, with unobstructed ocean views and minutes to Lahaina downtown. Located in one of the higher priced communities on Maui this home will be turnkey with all the amenities, including 4 bedrooms, 4½ baths, pool, and lushly landscaped grounds on this lovely 1.2 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 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 on the Island. Likewise, SFG carefully evaluated the request through our throw 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.
Special thanks to Bill Gresham and his team with The Gresham Company for their in-depth knowledge of this market and assistance in the valuation process. Bill has helped us previously in the Maui market. He is an outstanding agent, we highly recommend him.