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Recently Funded Construction Loan!
Congratulations is in order for the closing of a construction loan on a unique property in the Fremont / Wallingford area of Seattle. We worked with the client to purchase the property in 2024 and after going through the permit process, the client has now proceeded with a construction rehab loan to convert what was once an active church into high end luxury rental units.
Lending Terms:
$3,850,000 Appraised Amount
$2,300,000 Loan Amount
Prime Plus 1.0%
12 Month Term
Built In Permanent Financing
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