Commercial Construction
General Guidelines
| Purpose | To finance construction, rehabilitation and bridge loans for apartments, mixed-use developments, retail, condominiums, industrial, office and commercial land. |
| Loan Size | $2,000,000 to $20,000,000 |
| Interest Rate | Libor or Prime-based. |
| Loan to Value Ratio | Maximum 80% |
| Loan to Cost Ratio | Maximum 90% |
| Third Party Reports | Appraisal, environmental, soils reports, cost evaluation and monthly inspections required |
| Loan Approval | Prompt, local decisions, fast closings and certainty of delivery |
| Additional Benefits |
Forward take-out loan available through our affiliate, Seattle Mortgage Company Construction/permanent loans available through our affiliate, Seattle Mortgage Company, for loan amounts over $10,000,000. |
