High profile foreign national investor sought a residential loan with a quick and certain close on one of the finest remaining undeveloped parcels fronting Kirkland’s Gold Coast on Lake Washington. The property is approximately one acre of flat, prime 125 feet of waterfront land that is awe inspiring to walk. There are two 1930’s vintage houses which could be rented while the borrower goes through the permitting process for a higher and better use. This property is zoned for luxury waterfront condos. Great real estate, Great borrowers and Great real estate agents who helped pull it all together.
A special thanks to Amy Dedoyard of Windermere Real estate for her help in keeping all parties at the table through the negotiations. She is a real professional and a huge asset to the transaction. Seattle Funding Group has made several other trophy property loans to this foreign national investor over the last year. It has been a terrific relationship for all involved. When time and certainty are of the essence….Seattle Funding Group is at its best. Let us help get your transaction closed in a hurry, even if that means next week. The Pacific Northwest Leading Private Portfolio lender…..since 1988.
Loan to purchase price 56%