Seattle Funding Group

About Seattle Funding Group

Seattle Funding Group is private lender based in Scottsdale, AZ. They provide funding in 9 states across the country. They provide lending solutions for a variety of needs and situations, including long term rental property loans, commercial loans, ground up construction loans, and fix and flip loans. Their lending guidelines are flexible, including terms between 12 months and 36 months, rates ranging between 7.99% and 9.99%, and loan amounts ranging from $200,000 to $6,000,000 with a maximum LTV of 85%. They will make loans on various types of properties, including single family units, multi family, apartments, office buildings, retail storefronts, hotels/motels, storage buildings, senior housing facilities, mixed use, churches, warehouse buildings, and industrial buildings.

Loan Types Offered: Investment Property Loans, Fix and Flip Loans, Commercial Hard Money Loans, New Construction Loans

Property Types Covered: Single Family, Multi Family, Apartment, Office, Retail, Hotel, Storage, Assisted Living, Mixed Use, Church, Warehouse, Industrial

Areas Served: TX, CO, AZ, CA, OR, WA, ID, NV, UT

Lending Guidelines for Seattle Funding Group

Below are the general loan guidelines published on the Seattle Funding Group website. Please confirm all terms and rates directly with the lender.

Loan Examples

The following loans are for education purposes only. They do not represent actual loans executed by Seattle Funding Group.

Loan Example 1

Jacqueline is an investor in Houston, TX. She finds an older property for sale and wants to rehab it and flip it for a profit. The house costs $240,000 but she doesn't have the full amount so she takes out a fix-and-flip loan with Seattle Funding Group. The borrower will be required to contribute 30% of the purchase price in cash to closing based on a 70% loan to value stipulated by the lending company. This makes the principle note from Seattle Funding Group $168,000. The terms of the deal also stipulate a one percent origination fee which is to be paid at closing and a 18 month, interest-only note with a 10% rate of interest.

Accordingly, Jacqueline will have to contribute a $72,000 down payment plus pay a $1,680 origination fee. Once the loan is executed and Jacqueline takes over the property, she will need to begin making monthly payments of $1,400 to Seattle Funding Group ($168,000 principle x 10% / 12 months). If Jacqueline sells the house for $360,000 after 18 months, she would then earn a gross profit of $93,120 after deducting the original principle of $168,000, the funds paid at the close of $72,000, the origination fee of $1,680, and the total interest payments of $25,200. This gross profit doesn't account for building costs.

Loan Example 2

Jeff locates a townhouse in Houston, TX to rehab and resell. Because he does not have enough cash to buy the property outright, he takes a fix and flip loan from Seattle Funding Group with the following parameters:

a) A $150,000 purchase price, b) a 80% loan to value (LTV), c) a 18 month term, d) a 8% interest rate, and e) a 1% origination fee.

Once the rehab project is complete, if Jeff sells the property for $180,000, the outcome would be as follows:

$180,000 sales price
- $120,000 principle (80% LTV)
- $30,000 down payment (20% on 80% LTV)
- $1,200 origination points (1% of the $120,000 principle)
- $14,400 total interest paid (18 months x 8% interest)
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= $14,400 gross profit (doesn't include taxes or rehab costs)

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