Hard Money Loan

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

Prequalify for a Hard Money Loan Today!

Hard Money Loans for Real Estate Investors

What is a Hard Money Loan?

Hard money loans are short-term lending instruments used by real estate investors to finance investment projects quickly. Its purpose is to allow an investor prepare a property for sale or rent as quickly as possible. Hard money lenders provide quick cash for time-sensitive projects.

Intrust Funding Hard Money Lender

The Advantage of Partnering with Hard Money Lenders

Intrust Funding Is Washington State’s Proven Hard Money Lender

In tougher markets like Seattle, Bellevue, and Tacoma, with multiple offers on every potential investment property, the use of a hard money loan gives you the advantage of presenting all cash offers for fast closings. Hard money loans also allow you to get into the property for less money and the opportunity to create value through the rehab process. Once you build equity through the rehab process your down payment requirements on your “take-out loan” are less because the loan to value (LTV) is less, which enables you to do more deals and ultimately build wealth, faster.

No Hurdles for Intrust Funding’s Hard Money Loan Programs

Intrust Funding will only require a credit report and bank statement to evaluate and pre-approve you for hard money loans.

Quick Facts about Intrust Funding’s Hard Money Loan Programs

  • Up to 90% Loan-to-Value
  • First Loan 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.

What is a Hard Money Loan?
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What Are Hard Money Loans?

Since 2008, conversations and questions about the pros and cons of hard money loans have taken over the real estate investment world. Some private investors are still confused about the nature of these loans, while others have jumped on the bandwagon and partner with hard money lenders to fund every project. The truth is hard money loans are relatively simple investment tools with quite a few benefits that often go overlooked. Here are the facts:

Frequently Asked Questions for Seattle’s Best Hard Money Lenders

What type of hard money loan programs do you have?

Intrust Funding has two basic kinds of loans. Our standard loan is a bridge loan where you pay for the rehab out of pocket, and our rehab-specific program allows you roll up the purchase price and renovation expenses into the loan amount. Hard money loan rates and terms are dependent on the length and scope of the project.

What does your construction draw process look like?

After your property closes you are eligible for your first draw the next day, no inspections required, no hassles. On your next draw, just complete a predetermined portion of the work, send us 15 pictures, and you’re eligible for you next draw. We can wire that to your account, mail it, or you can swing by to pick it up at our office in Bellevue.

When will you have an answer on whether or not you can fund a hard money loan?

Our underwriter will typically have an answer within one business day, which then needs final approval from the management group.

What is the soonest that we will be able to close on the property?

Typically, within 3 business days of loan origination date if everything goes smoothly.

What are you underwriting guidelines? How much weight do you give to the investment property rather than my personal history and credit score?

The potential value of the property is given far more weight for real estate hard money lenders than the borrower or their investment history. This is because we fund based on the After Repair Value (ARV) of your investment property rather than its current market value. We can fund up to 90% of the ARV.

Do you count assignment fees as part of the hard money loan basis that may be added into the purchase price?

Of course, an assignment fee is similar to a commission and so we lend on the total purchase price, assignment fees included.

Can you provide a good faith estimate of what my hard money loan looks like and compare it to other loans?

Yes, we can always compare your loan against our different loan programs, and if you have other terms from a competing hard money lender we can compare our loans against theirs as well so you can make an educated decision.

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