Equity Loans for Seattle, Tacoma, Bellevue, and Western Washington Cities

Easy Loan Qualification | Simple Loan Process | Funding within 48 hours

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Hard Money Equity Loans for Real Estate Investors

What is a Home Equity Loan?

An equity loan is simply a loan where more than one property (asset) is used as collateral, which means that it is positioned as the security for loan repayment. It is synonymous, for our purposes, with a home equity loan. Property managers use collateral loans to position rental properties as collateral to secure funds against a fix and flip project or renovation needs. This is a common method for using less capital to fix and flip houses.

With Intrust Funding, there are two stipulations for cross collateralized loans: (1) homes used as collateral must be within Western Washington, and (2) these homes cannot be owner occupied.

Equity Loan Example

You own a beautiful vacation home in the San Juan Islands worth about $300,0000, but sadly you only make it over a couple times a year. So you have it listed on Home Away and Airbnb. And because it earns good rental income and is fully paid off you decide to keep it in your portfolio. Meanwhile, you find a great project to flip, the purchase price is $500,000, and you think that it is going to need $90,000 to get it market-ready in 6 months with an ARV of $775,000. Intrust Funding will secure a collateral loan by going in first lien position on both your vacation property in the San Juan Islands and your new flip project. Now, when you secure a home equity loan, bad credit does not matter.

Intrust Funding Equity Loan

Why Choose Real Estate Collateral Loans?

Intrust Funding Is Washington State’s Proven Hard Money Lender

It’s simple: collateral loans let your assets work for you. Real estate investors allow their equity in properties to stand-in for cash, which means that they require less up-front cash to fund construction, rehab, and other projects. To utilize an equity loan is to leverage your current assets to propel projects forward quicker.

ROI on Equity Loan

As you put 20% down on the purchase of the property through the hard money equity loan and complete the rehab, the new property value after the rehab is complete is higher than your purchase price. The investment strategy is to get a portion of your initial down payment back through the refinance based on the higher value of the property, though this will depend on your take-out financing and their required appraisal

Quick Facts about Intrust Funding’s Equity Loan Program

  • Up to 90% Loan-to-Value
  • First Draw within 48 Hours of Closing
  • Loan amounts: $50,000 – $7,000,000*
  • No limit on the number of properties
  • Residential, small multi-family, and small commercial
  • Loans are available to individuals, trusts, corporations, and limited partnerships
  • Property must be non-owner occupied

*Loan amounts, terms, and conditions are negotiable on a case-by-case basis.

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