Nine-Unit Construction Loan in Magnolia, Seattle, WA

Rendering of five rowhomes and four townhomes, construction funding provided by Broadmark

Project Description

A returning borrower sought funds to build nine units in the Magnolia neighborhood of Seattle. Of the homes, five will be attached rowhomes while the other four will be two pairs of townhomes. The site of the project will be in the vicinity of Magnolia Village, near Discovery Park, and a short walk to Elliott Bay.  The homes will be a great fit for the neighborhood, replacing an older, weathered, multifamily project for newly built single-family homes under the $1M price point.

Loan Details

Broadmark logo

Seattle, WA

Broadmark logo

June 2021

Broadmark logo

$4,940,000

Contact Information

Thatcher Milholland

Thatcher Milholland, Washington

Doug Swafford

Douglas Swafford, Oregon & SW Washington

Mike Incrocci

Mike Incrocci, Western Region

Bryan Graf

Bryan Graf, Western Region

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