Construction Loan to Finish Coastal Home

[Richard Huizar]

Investment Info:

Single-family residence private money loan investment in Seattle.

Cash invested: $785,000

Borrower invested over 1m in the land and construction of this Coastal home. Needed funds to finish quickly. Quality Construction! Right on the water.

What made you interested in investing in this type of deal?

The amount of cash and commitment borrower had invested into this property.

How did you find this deal and how did you negotiate it?

Broker Referral

How did you finance this deal?

Private Money Loan

How did you add value to the deal?

Great Comps for this coastal property. With the amount of cash invested, makes this no-lose deal for our investor.

What was the outcome?

Closed loan within 30 days

Lessons learned? Challenges?

Building on the coast line can have some added challenges to setbacks. Best to follow your survey to the letter.