Upscale Seattle Single Family Home

gross ann. return*
0 mo.
term remaining
Investment Complete
Current Ann. Return 8.0%
Accrued Ann. Return 8.0%
Gross Ann. Return* 16.0%

Investment Details

Current Ann. Return 8.0%
Accrued Ann. Return + 8.0%
Gross Ann. Return* 16.0%
Term Remaining 0 of 15 mo.
Min. Investment $5,000
Investment Size $250,000
Underlying Security Preferred Equity

Investment Summary

This is the opportunity to invest in a series Notes tied to the performance of a newly constructed 3,300 square foot home in Seattle, WA. Build Urban plans to design a new home with focus on sustainability, efficiency, and a modern edge. Build Urban plans to tear down the existing structure to the foundation and rebuild a new 5 star Built Green home with 4 bedrooms, 3.5 baths and impressive views from upper levels. The anticipated sales price will be at mid-market levels for this neighborhood, thus attracting a large pool of interested buyers.

Key Deal Points

Build Urban Development

Build Urban is an established, Seattle based developer with a strong track record of building unique, modern and green single-family homes and condominiums throughout the Greater Seattle Area.

Growing neighborhood

Laurelhurst is a high-end residential neighborhood in Seattle located near the University of Washington, Amazonâ??s Headquarters, and Lake Washington. In addition to being well located, the neighborhood is served by wide array of shops and restaurants. Average median household incomes are also very strong at $134,409.

Unique offering

The local neighborhood has low inventory and newly constructed properties are highly sought after. Because of this, home values have increased 16% over the past year to a median value of $1,058,300. Additionally, Build Urban is building the home using the Built Green 5 star rating, which will help to differentiate the home and appeal to environmentally sensitive Seattle area homebuyers.

Projected Return Calculator

Gross Annual Return* 16.0%
Term 15 mo.
Total Return*

Fundrise Rating

The Fundrise Rating is a letter rating ranging from A to E that provides investors with the ability to easily compare investments across the Fundrise platform. The Fundrise rating measures the relative risk-adjusted return of an investment. Learn more
Category Assessment Points
Capital Senior to Fundrise 70-79% 4
Capital Junior to Fundrise 10-19% 4
Location Primary 1
Occupancy Vacant 3
Development Phase Ground-up 3
Sponsor’s Track Record $50-249 million 2
Overall 17 D3

The information contained in the Fundrise Rating is for informational purposes only. It is impersonal and not individualized for any specific investor's financial situation and is not investment advice. These ratings are not intended to be, nor should you interpret them to be, a prediction of how a particular investment will actually perform. You should always carefully consider investments in any security and be comfortable with your understanding of the investment. You may also consider consulting investment professionals.

Risk-Adjusted Return

Capital Structure

Type Source % of Total Amount
Equity Sponsor 4.8% $50,000
Preferred Equity Fundrise Offering 23.8% $250,000
Senior Debt 71.4% $750,000
Total 100.0% $1,050,000

Property Summary

Build Urban is purchasing an existing single-family home at 4847 NE 45th St., Seattle, WA 98105. The lot is 45&rsquo x 100’ and is approved to allow one new single family home. Zoning will allow for this new structure to be built with no variances or departures needed for final permit. Build Urban plans to tear down the existing structure and build a new home on the existing foundation. It is anticipated this will save time and costs while still allowing for a new 3300 square foot, 5 star Built Green, 4 bedroom, 3.5 bath home to be constructed on the site.

Address 4847 NE 45th St.
City & State Seattle, WA
Neighborhood Laurelhurst
Product Type Residential / Single Family Home
Project Phase Ground-Up / New Construction

Market Summary

The Seattle area market currently has less than a two month supply of housing inventory and residential demand continues to grow, due in part to strong local job growth. Build Urban believes new homes tend to appeal to Seattle’s buyers as they have no time for maintenance or remodel projects and want a turnkey solution for their family’s housing needs. Additionally, strict land use policies adopted by the City of Seattle further restrict supply in the market.

About the Sponsor

Edson Gallaudet


Martina Jambrichova

VP- Finance

Jeff Wegener

VP - Design

Build Urban LLC is a full service real estate development company. We provide single source accountability for our investor partners by running projects from feasibility and acquisition thru design and build-out and ultimately through final sale.

View full profile

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Gross Ann. Return* 14.0%
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