$400,000 Construction Loan in Bellingham, WA

A Borrower who had previously worked with Mortgage Equities Inc. recently received construction financing for a spec home in Bellingham, WA. Similar to the previous home he built, the 3000 square foot home is located in an established neighborhood overlooking Fairhaven. The lot allows for sweeping views of the sound and Olympic Mountains.

The Borrower’s extensive experience as a builder and great location of the subject lot, allowed Mortgage Equities funded the deal at a sub 10% interest rate with a 1 year maturity.