$340,000 New Construction Home in Bellevue

Mortgage Equities Inc. financed two loans for this borrower with the same property as collateral.

The first loan assisted in the purchase of a modest east Bellevue home built in 1959 on an 8000 square foot lot. The borrower rented the house until the robust market warranted building a new home requiring additional funds. Mortgage Equities modified the existing loan to allow for the demolition of the rental house and provide construction funds for a new 3000 square foot home.