Our relationship doesn’t end the day documents get signed. Whether negotiating with a third-party lender, ensuring adequate reserves for construction and interest, or assisting with take-out financing or equity raises, we are your advocate throughout the process.
50 New Apartment Complex in Seattle’s Greenwood Neighborhood
Greenwood Apartments is primarily a multifamily building (48 units) with two live-work spaces. This modern building will offer studios, as well as one and two-bedroom layouts, with the average living space being 627 sq ft. The building will have six levels plus a rooftop area featuring wood frame construction over a concrete podium. Each unit will have fine finishes, including stainless steel appliances, quartz countertops, and vinyl plank flooring. The ground floor will feature a small retail space of just over 1,100 SF. The larger unit sizes, building amenities, and close proximity to vibrant neighborhood retail will attract tenants once construction is complete.
Contact Thatcher Milholland today to start your next Washington multifamily construction project.
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Highest Degree of LeverageWe loan against the completed value of your project, with no loan-to-cost requirements. As a result, we can provide more funding for your project than a bank can and that means more flexibility for you.
Speed / ConvenienceWe can close as quickly as 5 days, and draws are wired within one to two business days after inspection approval. Banks can take months to review a typical real estate project. In that time, our clients’ projects are already underway and on the way to realizing profits.
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Unmatched Industry ExpertiseWe’ve closed approximately $2 billion in project capital over more than 1000 loans (and counting). Our level of construction market intelligence is second to none.
In-House Manual UnderwritingWe evaluate every deal on its own merits and are faster and more flexible in the evaluation process than traditional financing such as banks. You’ll typically get feedback within the same day of your request and a term sheet within as little as 24 to 48 hours.