Construction Loans in Seattle, WA
Find lenders offering construction loans in the Seattle, including Bellevue, Tacoma, Redmond, and surrounding areas. Compare rates, terms, and programs from 13 lenders.
Construction Lenders Serving Seattle
13 lenders offering construction loans in the Seattle, WA area.
Broadmark Realty Capital
LocalSeattle, WA
Private real estate lender offering bridge, construction, and land loans. Now part of Ready Capital. Loans from $500K to $25M+.
Bank of America
Charlotte, NC
One of the largest US banks. Commercial real estate lending, construction financing, and SBA loans through nationwide branch network.
CoreVest Finance
Irvine, CA
Rental portfolio and bridge lender for residential real estate investors. Build-to-rent and portfolio financing specialist. Redwood Trust subsidiary.
JPMorgan Chase
New York, NY
Major CMBS originator and commercial lender. Full range of CRE financing including conduit, agency, and balance sheet.
KeyBank Real Estate Capital
Cleveland, OH
Major bank CRE lender. Balance sheet, agency, and CMBS lending for multifamily, office, retail, and industrial properties.
Lima One Capital
Greenville, SC
Private lender for real estate investors. DSCR loans require 1.5+ ratio, min FICO 700. 5, 10, and 30-year options. Up to 75% LTV on purchases.
Merchants Capital
Indianapolis, IN
Bank-backed commercial lender active in 47 states. Over $6.8B in financing. Specializes in multifamily, affordable housing, and healthcare.
New Silver Lending
FL
Direct lender for real estate investors. DSCR loans with no minimum DSCR requirement. Also offers fix-and-flip, bridge, and construction loans.
PNC Real Estate
Pittsburgh, PA
Top-10 US bank with dedicated commercial real estate lending. Construction, bridge, and permanent financing for major property types.
Stbridge Capital
Los Angeles, CA
Private money lender in California. Bridge, fix-and-flip, and ground-up construction loans. Fast closings for experienced investors.
US Bank
Minneapolis, MN
Fifth-largest US bank. CRE lending including construction, permanent, and SBA loans. Strong in multifamily and affordable housing.
Vaster
Miami, FL
Commercial bridge loan lender for CRE investors. Flexible short-term financing for acquisition, rehab, and construction.
Wells Fargo
San Francisco, CA
Top commercial real estate lender. CMBS, balance sheet, agency, and SBA lending across all property types.
Seattle Commercial Real Estate Market
Seattle is one of the nation's premier technology-driven commercial real estate markets, with Amazon's sprawling South Lake Union campus, Microsoft's Redmond headquarters, and a dense ecosystem of cloud computing, AI, and biotech firms generating enormous demand for office, lab, and data center space. The Bellevue CBD has emerged as a rival urban core, attracting major tenant relocations from Seattle proper including Meta and Amazon office expansions in the Spring District. Industrial demand is intense along the Kent Valley and the Port of Seattle corridor, where e-commerce fulfillment and trade logistics drive some of the lowest vacancy rates in the western United States. The city's multifamily market remains one of the most active in the country despite rent stabilization discussions, fueled by continued population growth and high housing costs that sustain renter demand.
Key Economic Drivers
- ●Amazon, Microsoft, Google, and Meta tech campuses driving office and R&D absorption
- ●Port of Seattle and Kent Valley industrial corridor supporting international trade and logistics
- ●Fred Hutchinson Cancer Center and the South Lake Union biotech cluster
- ●Bellevue's Spring District and East Link light rail expansion reshaping Eastside development
Market Insight
Washington state has no personal or corporate income tax, which has been a decisive factor in attracting tech company expansions and headquarters relocations to the Seattle-Bellevue metro, though commercial property tax rates in King County remain above the national average.
Construction Loans in Seattle, Washington
Commercial construction loans fund new development or major rehabilitation projects. Funds are disbursed in stages as construction progresses. Most are short-term (12-36 months) and convert to permanent financing upon completion. In the Seattle metro area, borrowers can access 13 lenders offering Construction financing, including Bellevue, Tacoma, Redmond, and surrounding areas. Loan amounts typically range from $500K to $100M with rates from 7% - 10%.
Who Should Consider Construction Loans?
- Ground-up development
- Major renovations
- Land + construction
- Build-to-suit projects
Key Requirements
- Detailed construction plans and budget
- Licensed general contractor
- Building permits
- Development experience (strongly preferred)
- 20-35% equity
Advantages
- ✓Interest only on drawn funds
- ✓Funds disbursed as needed
- ✓Can include land acquisition
- ✓Construction-to-permanent options available
Considerations
- •Requires detailed plans and budgets
- •Draw schedule inspections
- •Higher rates during construction
- •Completion risk on borrower
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