Bellevue Funding finances builders and developers in the greater Puget Sound area with acquisition and vertical financing- with or without permits. We stay curious and connected to cities in Washington modifying zoning codes to increase density. We position ourselves as opportunity partners for infill builders as city planners and developers work to add new units to meet the ongoing housing shortage in our region.
Once a loan is funded, we are aware that our inspection to wire draw process needs to be as simple, easy and fast as possible, with no invoices.
Construction Loan Program Types.
Single Family Residence (SFR).
At permit ground up constructing financing for Spec Builders with terms as long as 18 months and with loans up to $3MM.
SFR + Detached Additional Dwelling Unit (DADU) .
Many cities in the greater Pugest Sound in recent years have changed code that creates a lot of creative building opportunities. We are well
versed on the different strategies and create customized ground up construction loan programs that consist in building multiple units on an original
single parcel property (cities we are most well versed are Seattle, Bellevue and Kirkland).
At permit, construction financing with max attached 10 unit development size with loan sizes up to $10MM in State of Washington
At permit construction financing with a max 50 unit size with loan sizes up to $10MM in State of Washington
Construction Loan Terms
Down Payment - Up to 90% LTC [Frontloaded]
Interest Rates - As low As 7.5%, up to 10.0% [based on experience]