On April 24th, the investment community received great news that the Washington State Governor lifted some of the restrictions on construction in Washington state. Projects funded by hard money loans may resume with some new guidelines in place. We wanted to provide a summary of the recent changes. We highly encourage that each investor read through the regulations in order to make the necessary changes to their job sites. Key Points: Existing construction projects can be resumed with new COVID-19 safety plans only allowing work that can be performed while continuing to abide by social distancing requirements. Prior to recommencing work, all contractors are required to develop and post, at each job site, a comprehensive COVID-19 exposure control, mitigation, and recovery plan. All contractors are required to post, at each job site, a written notice to employees, subcontractors, and government officials the work that will be performed at that job site and a signed commitment to adhere to the requirements. All contractors have a general obligation to keep a safe and healthy job site in accordance with state and federal law. Click to View Full Governor's Order by Jay Inslee. The National Association of Home Builders has put together some process outlines and notices, they have some help tips and practices to help stream line your job site. We encourage investors to review processes and implement them into their current construction process. Click to View the COVID-19 Guidelines from the National Association of Home Builders Please be safe on all your job sites and congratulations on getting to resume your projects!
A look at the market from 2016. Since hard money lenders source their funds from private investors, a change in the federal interest rate does not have a direct effect on hard money borrowers.
Intrust Funding Ranks No. 40 on Puget Sound Business Journal’s Washington’s Fastest-Growing Private Companies List
Back in 2015, Intrust Funding was named the 40th fastest-growing private company in Washington by the Puget Sound Business Journal. When asked to describe Intrust Funding, Managing Principal Will Heaton explained, “We’re not just lenders, we’re also investors. This allows us to have a comprehensive understanding of our clients and their needs.”
In 2015, Intrust Funding appeared on Inc. 5000's list for the first time. Inc. named Intrust Funding as one of the fastest-growing private companies in North America on August 12, 2015. The award recognizes and honors entrepreneurs by ranking companies that demonstrate significant revenue increase for the past three years. "The story of this year’s Inc. 5000 is the story of great leadership. In an incredibly competitive business landscape, it takes something extraordinary to take your company to the top,” said Inc. President and Editor-In-Chief Eric Schurenberg. “You have to remember that the average company on the Inc. 5000 grew nearly six-fold since 2012. Business owners don’t achieve that kind of success by accident."
Puget Sound Business Journal Names Intrust Funding as One of the Top 50 Fastest-Growing Private Companies on the Eastside
Beginning it's award winning history, Intrust Funding ranked on Puget Sound Business Journal’s Eastside’s Fastest-Growing Private Companies list on July 16, 2015. The annual award ranks companies based on their percentage of revenue growth from 2012 to 2014. To be eligible for this award, the companies must be headquartered in Washington’s Eastside cities, and have started the 2014 fiscal year as a privately held corporation, proprietorship or partnership.
Back in 2015 our team had the opportunity to volunteer for Attain Housing. We had a great time, and we encourage you to volunteer for them too!