This is a high-end, spec residential construction financing at The Madison Club, an exclusive golf course community in La Quinta in the Coachella Valley. The highly experienced sponsors and their veteran Team are building an 8,600 s.f. golf course-front spec with a terrific, contemporary design and exceptional southwesterly views. Tailor made for the multi-generational users of the desert’s highest priced communities, the home will be turnkey, with 5 bedrooms, 6 ½ baths, pool, spa and lushly landscaped grounds. This house is currently listed for over $8.5m, view the listing here.
Seattle Funding Group of California has extensive spec residential construction financing experience in the desert, most recently with an equally high-end spec house at Bighorn, Palm Desert’s most exclusive golf course development. Another excellent example of SFG of CA’s Coachella Valley lending experience is this $6m bridge loan made to finance the acquisition of a broken subdivision with 8 houses of standing inventory and 23 finished lots in Rancho Mirage.
Our thanks to Valery Neuman of Hom Sotheby’s International for sharing her in-depth knowledge of Coachella Valley’s high-end residential market. For many years, Valery has been SFG of CA’s Go-To source for home values and market trends in the desert, and we highly recommend Valery every chance we get! The Desert Sun recently published this article on Valery.
Loan to List Price: 40%