Seasoned real estate investor had the opportunity to purchase a tear down house and build four attached townhomes. He called on Seattle Funding Group to provide the necessary construction financing. SFG responded and was able to review the loan application, visit the site, and evaluate the townhome construction plans before approving the loan in less than two weeks. As usually Construction Manager, Jim McBride played an important role in the loan process reviewing the construction specs and with site visits for the duration of the construction.
This repeat borrower has found a recipe that works for him: buy a property, call SFG for the construction funding, finish construction, sell and repeat. The ease and speed of the loan process has allowed for many success loan closings with this borrower.
Approximate LTV: 54%