Construction Loan in Seattle, WA

Project Description

Broadmark Realty Capital accommodated a quick close to meet a land purchase deadline for this $1.9 million construction loan. The loan will be used for the construction of luxury homes in the Columbia City neighborhood of Seattle, Washington. These homes will offer contemporary architecture and desirable floor plans and will be equipped with open-concept living, spacious dining rooms, modern kitchens, and large master suites with massive walk-in closets and ensuite master baths. Two of the three units will boast rooftop decks, and the third will have a third-floor balcony facing east, all with stunning views. Each home will also include a secure, covered parking space.

The location offers proximity to Columbia City’s busy commercial strip and all the amenities of city living at your fingertips. Nearby neighborhoods like Seward Park, Beacon Hill, and Mt. Baker are accessible within a few minutes. The homes will be only two blocks away from the Columbia City light rail station and metro buses and will offer a quick commute to Downtown Seattle.

LTV: 65%
LTC: 82.4%

Loan Details

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Seattle, WA

Broadmark logo

November 2020

Broadmark logo

$1,951,625

Contact Information

Thatcher Milholland, Washington

Douglas Swafford, Oregon & SW Washington

Mike Incrocci, Western Region

Bryan Graf, Western Region

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