Nine-Unit Construction Loan in Magnolia, Seattle, WA
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
Seattle, WA
June 2021
$4,940,000
Contact Information
Thatcher Milholland, Washington
Douglas Swafford, Oregon & SW Washington
Mike Incrocci, Western Region
Bryan Graf, (NMLS ID 1438299), Western Region
Discover Similar Case Studies
Your real estate goals–accomplished. Broadmark has designed financial solutions for savvy real estate developers, operators, and owners. Read about our successes and contact us today to learn how we can help you reach your goals.
CONNECT WITH THE RIGHT MARKET EXPERT
Request Terms
"*" indicates required fields
Smart. Reliable. Rapid.
Your trusted partner in real estate finance.