$275,000 Construction Loan / North Bend, Washington

This special home began as a pre-sale, but after the economic meltdown the buyer no longer qualified for financing. The builder managed to continue construction, though at a very slow pace, and then sought a private hard money loan to finish the project. Mortgage Equities Inc. was satisfied with the work to date and approved the final budget for the construction loan.

This is a great project to be involved in as the quality of materials and workmanship are at a very high level. Once completed this will be a great house in a wonderful setting!