Short-Term $9K Bridge Needed – Burien Waterfront Project (Permit Stage)

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Short-Term $9K Bridge Needed – Burien Waterfront Project (Permit Stage)

Faisal AlbisherPro Member
Member since 2024 · 5 posts · 3 votes

I have a waterfront single-family development project in Burien, WA.

  • Land owned
  • Architectural plans completed
  • Pre-application feedback received from city
  • Estimated ARV ~$3.8M
  • Construction loan already lined up (~$2.4M)

I’m currently finalizing pre-permit work and need ~$9K to complete geotech and access engineering for submission.

This is a short-term timing gap before moving into the next financing stage.

Short-term bridge (60–120 days).

Offering:

  • Fixed return ($12K–$14K)
  • Promissory note
  • Clear repayment upon permit + financing

Looking for a quick partner for this phase only.

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  • Reginald TrussPro Member
    Lender · Toledo, OH · Member since 2015 · 1k+ posts · 96 votes
    6mo

    Faisal — I can likely help structure this quickly.

    For something this size, we'd position it as a short-term secured note or JV capital.

    I need:
    – Current land value (as-is)
    – Any existing debt on the property
    – Timeline to permit approval
    – Confirmation of the $2.4M construction loan

    If that lines up, this is a very fundable deal.

  • Faisal AlbisherPro Member
    OP
    Member since 2024 · 5 posts · 3 votes
    6mo

    Reginald — appreciate the quick response.

    Land value is around $480K–$500K (as-is).

    Existing debt is approximately $58K.

    Timeline to permit approval is about 90–120 days.

    Construction financing (~$2.4M) is already lined up.

    For this specific stage, I’m looking to structure a small bridge of about $9K strictly for final pre-permit items (geotech and access).

    Given the size and short duration, I’d prefer to keep this piece unsecured and simple, but open to hearing how you’d typically structure something at this level.

  • Investor · Austin, TX · Member since 2021 · 497 posts · 127 votes
    6mo

    @Faisal Albisher 

    I see this kind of gap pretty often at the pre-permit stage small amount, but it’s what holds everything up before the larger capital kicks in.

    I work with capital sources that typically focus on the construction and bridge side, and deals like this are usually something we can support  either directly or by plugging the gap so you can move cleanly into your next financing stage.

    Happy to take a closer look and see if it fits what we’re funding right now.

    Have you already committed that $2.4M construction loan, or is there still flexibility on the capital stack?

  • Faisal AlbisherPro Member
    OP
    Member since 2024 · 5 posts · 3 votes
    6mo

    Hi Matthew,

    Thanks for reaching out and for the quick reply on my post. Appreciate you recognizing how these small pre-permit gaps can stall bigger deals.

    Quick update on the $2.4M construction loan: It’s lined up and in process, but not fully committed yet — there’s still some flexibility on the capital stack.

    The immediate need is the ~$9K short-term bridge strictly for the geotech study and access engineering so I can submit the full permit package. I’m looking for a simple, short-term (60–120 days) unsecured promissory note with personal guarantee and a fixed return ($12K–$14K total repayment). No lien on the land.

    Happy to send over the one-pager with project details, quotes from the engineers, and where things stand with the construction financing if you’re still interested in taking a closer look or plugging this gap (directly or through your network).

    What’s the best next step—email or a quick call?

    Thanks,

    Faisal Albisher

    • Investor · Austin, TX · Member since 2021 · 497 posts · 127 votes
      6mo
      Quote from @Faisal Albisher:

      Hi Matthew,

      Thanks for reaching out and for the quick reply on my post. Appreciate you recognizing how these small pre-permit gaps can stall bigger deals.

      Quick update on the $2.4M construction loan: It’s lined up and in process, but not fully committed yet — there’s still some flexibility on the capital stack.

      The immediate need is the ~$9K short-term bridge strictly for the geotech study and access engineering so I can submit the full permit package. I’m looking for a simple, short-term (60–120 days) unsecured promissory note with personal guarantee and a fixed return ($12K–$14K total repayment). No lien on the land.

      Happy to send over the one-pager with project details, quotes from the engineers, and where things stand with the construction financing if you’re still interested in taking a closer look or plugging this gap (directly or through your network).

      What’s the best next step—email or a quick call?

      Thanks,

      Faisal Albisher


      Lets have a quick call! DM you!

  • Faisal AlbisherPro Member
    OP
    Member since 2024 · 5 posts · 3 votes
    6mo

    Sounds good, what time is good for you tomorrow and should I use the number in your profile? 

    • Investor · Austin, TX · Member since 2021 · 497 posts · 127 votes
      6mo
      Quote from @Faisal Albisher:

      Sounds good, what time is good for you tomorrow and should I use the number in your profile? 


      Sure, Will share my availabilty soon. Thank You

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