Long Term Commercial Loan
|
Property Types | Industrial, Mixed use, Office, Retail, Warehouse |
Lendding Area | alaska, arizona, california, colorado, hawaii, idaho, nevada, 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 | 2.75 |
Terms | 2 year, 1 year |
Credit Score Min | 650 |
Entities | LLC - Limited Liability Corporation, LP - Limited Partnership, Foreign National, Individual, Corp - Corporation, Trust |
Lien Position | 1st |
Prepayment Penalty | No Prepayment Penalty |
Fixed or Adjustable | Fixed |
Updated as of | 2025-08-13 |
Bridge Loan Bridge loan |
Property Types | 2-4 Units, Gas Station, Industrial, Medical Office, Mixed use, Mobile Home Park, Multi Family, Office, Restaurant, Retail, Self-Storage, SFR, Shopping Center, Strip Center, Student Housing, Warehouse |
Lendding Area | alaska, arizona, california, colorado, hawaii, idaho, nevada, oregon, utah, washington |
Loan amount Minimum | $500,000 |
Loan amount Maximum | $8,000,000 |
Interest Rate Minimum | 10% |
Interest Rate Maximum | 11% |
Points Minimum 1st TD | 2 |
Points Maximum 1st TD | 3 |
Terms | 1 year, 2 year |
Credit Score Min | 650 |
Lien Position | 1st |
Max Points Charge by Broker | No max |
Prepayment Penalty | No Prepayment Penalty |
Fixed or Adjustable | Fixed |
Updated as of | 2025-08-13 |
Long Term Commercial Loan Short Term Commercial loan |
Property Types | Automotive, Bar, Condo, Daycare, Gas Station, Hotel, Industrial, Mixed use, Motel, Multi Family, Office, Restaurant, Retail, Self-Storage, Shopping Center, Strip Center, Warehouse |
Lendding Area | alaska, arizona, california, colorado, hawaii, idaho, nevada, 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 | 1 year, 2 year |
Typical Days Required to Fund | 11-15 Business days |
Credit Score Min | 650 |
Cross Collateralize Blanket | Yes |
Lien Position | 1st |
Prepayment Penalty | No Prepayment Penalty |
Fixed or Adjustable | Fixed |
Recourse | Recourse |
Updated as of | 2025-08-13 |
Construction Loan Construction Loan |
Property Types | 2-4 Units, Automotive, Bar, Condo, Daycare, Gas Station, Hotel, Industrial, Manufactured Home, Medical Office, Mobile Home Park, Modular Home, Motel, Multi Family, Office, Restaurant, Retail, Self-Storage, SFR, Shopping Center, Strip Center, Student Housing, Warehouse |
Lendding Area | alaska, arizona, california, colorado, hawaii, idaho, nevada, oregon, utah, washington |
Loan amount Minimum | $500,000 |
Loan amount Maximum | $8,000,000 |
Interest Rate Minimum | 10.5% |
Interest Rate Maximum | 11.5% |
Points Minimum 1st TD | 2 |
Points Maximum 1st TD | 2.75 |
Terms | 1 year, 2 year |
Credit Score Min | 650 |
Lien Position | 1st |
Max Points Charge by Broker | No max |
Prepayment Penalty | No Prepayment Penalty |
Updated as of | 2025-08-13 |
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.