Seattle Funding Group

Phone: 1.888.734.3863

Address: 188 - 106th Ave NE, Suite 600, Bellevue, WA 98004

Website: https://www.seattlefundinggroup.com/

States They Lend In: Alaska, Arizona, California, Colorado, Idaho, Oregon, Nevada, Hawaii, Utah, Washington

 
 

Commercial Loans

 
Loan Detail

•Loan Amounts: $200,000 to $12,000,000+

•Loan to Cost: Up to 85%

•Loan to Value: Flexible, up to 75%

•Interest Rates: 7.99% – 9.99%

•Prepay Penalty: None, in most cases

•Loan Term: Up to 3 years

•Lien Position: 1st

•Fees: 2 to 3 points

Commercial Loan Program Details

Borrowing entities and credit requirements

•Individuals, corporations, LLCs, partnerships, trusts, estates, international investors, etc.

•Combine multiple borrowers or multiple entities into a single transaction

•SFG is credit sensitive and performs common sense underwriting of the asset, borrower and numbers

•Seasoned, skilled sponsors are a plus

Most real estate considered

•Commercial, industrial, office, multi-family, self-storage, retail, etc.

•Cross-collateralize on multiple properties for maximum loan amounts

•Unimproved parcels, residential lots and single-use properties considered based on the specifics

For any business purpose

•Capitalize on time-sensitive opportunities such as the immediate acquisition of undervalued or value-added properties

•Restructure debt, settle disputes at a discount, buy out partners

•Cash-out refinance or borrow against properties listed for sale

•Renovation, asset repositioning

Residential Loans

Loan Detail

•Loan Amounts: $200,000 to $6,000,000+

•Loan to Cost: Up to 85%

•Loan to Value: Flexible, up to 85%

•Interest Rates: 7.99% – 9.99%

•Prepay Penalty: None, in most cases

•Loan Term: Up to 3 years

•Lien Position: 1st

•Fees: 2 to 4 points

Residential Loan Program details

 

Borrowing entities and credit requirements

 

• Individuals, corporations, LLCs, partnerships, trusts, estates, international investors, etc.
• Combine multiple borrowers or multiple entities into a single transaction
• SFG is credit sensitive and performs common sense underwriting of the asset, borrower and numbers

 

For a variety of investment reasons

 

• Immediate acquisition of undervalued properties or to prevail in competitive bidding situations
• When traditional lenders can’t or won’t move fast enough
• Properties listed for sale or under contract are no problem… no prepayment penalty

 

Non-consumer, residential investment properties

• Rental homes, small multi-family, fracture condos, properties listed for sale
• 1–4 units, 5+ acres, vacation homes, corporate retreats, super luxury rentals, fix and flips
• Multiple properties (one loan)
• Cross-collateralize on multiple properties when maximum loan amount is required
• Subordinate liens acceptable for a portion of the protective equity