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Seattle Funding Group

Construction Loan

Property Types 2-4 Units, Agriculture, Assisted Living, Automotive, Bar, Cannabis Related, Condo, Daycare, Funeral Home, Gas Station, Hotel, Industrial, Manufactured Home, Medical Office, Memory Care, Mobile Home Park, Modular Home, Motel, Multi Family, Office, Place of Worship, Restaurant, Retail, Self-Storage, SFR, Shopping Center, Special-Use, Strip Center, Student Housing, Warehouse, Mixed use
Lending Areas Alaska, Arizona, California, Colorado, Hawaii, Idaho, Nevada, Oregon, Utah, Washington
Interest Rate min 9%
Prepayment Penalty No Prepayment Penalty
Points Minimum 1st TD 1
Term 1 year, 2 year, 3 year
Loan amount Minimum $500,000
Loan amount Maximum $12,000,000
Lien Position 1st
Points Maximum 1st TD 2.5
Updated as of 2023-09-25

Bridge Loan

Property Types SFR, 2-4 Units, Multi Family, Student Housing
Lending Areas Alaska, Arizona, California, Colorado, Hawaii, Idaho, Nevada, Oregon, Utah, Washington
Interest Rate min 9%
Prepayment Penalty No Prepayment Penalty
Points Minimum 1st TD 1
Term 1 year, 2 year, 3 year
Loan amount Minimum $500,000
Loan amount Maximum $8,000,000
Lien Position 1st
Points Maximum 1st TD 2.5
Updated as of 2023-09-25

Long Term Commercial Loan

Property Types Automotive, Bar, Condo, Daycare, Gas Station, Hotel, Industrial, Motel, Office, Restaurant, Retail, Self-Storage, Shopping Center, Strip Center, Warehouse, Mixed use
Lending Areas Alaska, Arizona, California, Colorado, Hawaii, Idaho, Nevada, Oregon, Utah, Washington
Interest Rate min 9%
Prepayment Penalty No Prepayment Penalty
Interest Rate max 12%
Points Minimum 1st TD 1
Term 1 year, 2 year, 3 year
Loan amount Minimum $1,000,000
Fixed or Adjustable Fixed
Loan amount Maximum $15,000,000
Lien Position 1st
Points Maximum 1st TD 2.5
Updated as of 2024-01-18

Long Term Commercial Loan

Property Types Industrial, Mixed use, Office, Retail, Warehouse
Lending Areas Alaska, Arizona, California, Colorado, Hawaii, Idaho, Nevada, Oregon, Utah, Washington
Interest Rate min 9%
Prepayment Penalty No Prepayment Penalty
Points Minimum 1st TD 1
Term 3 year
Loan amount Minimum $500,000
Loan amount Maximum $15,000,000
Lien Position 1st
Points Maximum 1st TD 2.25
Updated as of 2023-09-21

Summary of all Guidelines

Loan Types Construction Loan
Property Types SFR
Lendding Area alaska, arizona, colorado, hawaii, idaho, nevada, oregon, utah, washington
Loan amount Minimum $200,000
Loan amount Maximum $12,000,000
Interest Rate Minimum 8%
Interest Rate Maximum 10%
Points Minimum 1st TD 2
Points Maximum 1st TD 3
Terms 3 years
Prepayment Penalty None
LTV Bridge 75
LTC Construction 85

Seattle Funding Group is located in San Diego, CA. They offer financing for Construction Loans. The property type they primarily lend against is SFR. Their minimum loan amount is $200,000. Their maximum loan amount is $12,000,000. Maximum duration of 3 years. Although rates can change they are typically lending at a minimum rate of 8%. Maximum interest rate of 10%. Points charged are deal specific, but historically have charged a minimum of 2. Maximum points charged are 3.

These descriptions are limited information and meant for general reference purposes.
4711 Viewridge Ave Suite 270
San Diego, 
CA
 92123