Ground-up construction is one of the highest-margin plays in Washington right now, especially in fast-growing Seattle, Spokane, Tacoma submarkets. G Elite Capital's Washington new construction loan funds up to 90% of land + 100% of vertical costs for spec builders and small developers — with a draw schedule tuned to actual Washington permit timelines.
Seattle, Spokane, Tacoma, Vancouver, Bellevue, Kent, and every other Washington market.
No, but you must use a licensed general contractor for the vertical build. Washington permit and inspection compliance is handled by the GC on record.
We fund on a milestone draw schedule — typically 4–6 draws from foundation through CO. Each draw is released within 24–48 hours of a passing Washington inspection.
Yes — spec builds in Washington suburban and exurban submarkets are our sweet spot. We look at absorption rates and comparable new-construction sales to size the loan.
You can list the home for sale, or roll into our 30-year DSCR loan at CO to hold as a long-term rental. Many Washington builders now rent one out of every three spec homes.