Seattle Funding Group

Summary of all Guidelines
Loan Types	Bridge Loan, Construction Loan, Hard Money Loan, Private Money, Rehab Loan
Property Types	2-4 Units, Assisted Living, Hospitality, Industrial, Medical Offices, Mixed use, Mobile Home Parks, Multi Family, Office, Restaurants, Retail, Self-Storage, SFR, Shopping Centers, Strip Centers
Lendding Area	alaska, colorado, hawaii, idaho, oregon, utah, washington
Loan amount Minimum	$500,000
Loan amount Maximum	$10,000,000
Interest Rate Minimum	10%
Interest Rate Maximum	11%
Points Minimum 1st TD	2
Points Maximum 1st TD	3.25
Terms	2 years
Interest Only or Amortized	Interest Only
Prepayment Penalty	None
LTV Bridge	70
LTC Construction	80
Upfront Fees	Appraisal, Broker Price Opinion - BPO, Credit Report, Environmental
ARV Rehab & Construction	70
LTC Rehab	75
Personal Guarantee /Recourse Required	Personal Guarantee Required / Recourse
Percentage of Budget Financed - Rehab	80
LTC Percentage of Budget Financed	80

Seattle Funding Group is located in Mercer Island, WA. They offer financing for Bridge Loans, Hard Money Loans, Private Money, Rehab Loans and Construction Loans. The property type they primarily lend against is Multi Family, Assisted Living, Hospitality, Industrial, Medical Offices, Mixed use, Mobile Home Parks, Office, Restaurants, Retail, Self-Storage, SFR, Shopping Centers, Strip Centers and 2-4 Units. Their minimum loan amount is $500,000. Their maximum loan amount is $10,000,000. Maximum duration of 2 years. Although rates can change they are typically lending at a minimum rate of 10%. Maximum interest rate of 11%. Points charged are deal specific, but historically have charged a minimum of 2. Maximum points charged are 3.25.

These descriptions are limited information and meant for general reference purposes.