Hard Money Loans
Hard Money Loans for Real Estate Investors in Seattle, Spokane, Tacoma, & Washington State
Custom rehab hard money loan.
Pay for acquisition and rehab.
Funding in 48 Hours
Start your project quickly.
No Appraisals or Inspections
Just send us 15 Photos.
No Washington Investment Too Big Or Too Small
Hard money loans are short-term lending instruments used by real estate investors to finance investment projects quickly. It allows an investor to prepare a property for sale or rent as quickly as possible. Hard money lenders provide quick cash for time-sensitive projects.
Existing Layout: Year Built: 1912 Bedrooms: 3 Bathrooms: 1 House Size: 2,670 Lot Size: 3,163 Garage: CARPORT ( CAN BE TURNED INTO A 1 CAR GARAGE) Proposed Layout: Bedrooms: 4 Bathrooms: 3 (ADDING MASTER BATH, POWDER ROOM ON MAIN AND ¾ BATH IN BASEMENT) House Size:...
Are you wondering what the differences are between residential vs commercial hard money loans? Look no further because we’re here to help you navigate the details! (And if you have any more questions, feel free to reach out to our friendly and helpful team at (425)...
We all pay taxes every year. Sometimes, there can be surprises. But in the case of buying local Seattle, WA, investment properties, you can earn investment property tax deductions for your Seattle properties. For real estate investors, the United States provides the...
We’ve Been Funding Washington Investments For Over 11 Years
As local real estate investors, Will Heaton and James Dainard have invested in hundreds of properties in Washington state. When they were just knocking on doors and doing a few deals a year, they realized that more often than not, deals would come about that needed closing fast, but because of bank regulations, it was impossible to secure funds for real estate investments through traditional means. That’s how Intrust Funding was formed: hard money lenders founded by investors, for investors.
Let’s Invest in Washington Together
Intrust Funding specializes in fix and flip loans, used as part of the BRRRR Method. In fact, investors and developers can typically receive same-day prequalification and their first loan draw within 48 hours of closing!
The advantage of a rehab loan is it offers funding for real estate investors who are interested in renovating single and multifamily residential properties.
Investors and developers in need of a renovation loan know the timeframe at which cash can be available and the amount of cash they can receive are crucial factors for determining the best rehab lenders. In fact, the renovation construction loan is one of the few ways new investors and developers level the playing field with cash rich, experienced players.
A rehab loan from Intrust Funding is a hard money loan from a private lender, meaning no regulations to slow the process, no banking hoops to jump through, and fast funding, within 48 hours of closing the deal. And, since we deliver asset based loans, there are no minimum credit score requriments.
As a hard money lender, Intrust Funding is a fast-acting, all-cash delivery loan provider. We’re experts in every aspect of the renovation loan process, from origination, to funding and servicing. As the leading, local hard money lender of Western Washington, from Seattle and Bellevue to Tacoma, Everett, and more, our process is streamlined and transparent, and our value is second to none.
Is a Rehab Loan Right For You?
Determine whether a rehab loan is best for you:
- What is the cost of acquisition?
- What is the cost of renovation?
- What is the after repair value of your new acquisition?
With up to a 90% loan to value lending opportunity, Intrust Funding presents individualized funding options with flexible terms. Rehab loans beginning at $50,000 and exceeding $7,000,000, with no limit on the number of properties we can fund.
Real estate investors use bridge loans for home purchase, as having cash on hand to close a deal can, at times, be the only leverage a buyer has in very competitive markets. It is also not uncommon to use a bridge loan for down payments, closing costs, and fees. For an investor who wants to maintain cash position while closing several deals in the span of a few weeks, this is an effective option. Similarly, a construction bridge loan provides investor capital to jumpstart construction and rehab projects.
Overall, a real estate bridge loan works by providing fast capital for investors to close deals, real estate professionals to improve properties, and contractors to fund construction and rehab projects. Typically because these loans originate from hard money lenders, and not mortgage lenders, a home buyer wouldn’t use this loan to buy a new home or to update an existing home they currently occupy.
How do bridge loans differ from traditional mortgage loans?
Intrust Funding is a private lender serving Western Washington. As a private money lender, we differ from traditional lenders because our loan requirements are not subject to federal banking regulations, nor do we have to make our loan offers contingent on credit scores. Since we are an equity loan lender, a bridge loan from Intrust Funding is underwritten by the After Repair Value (ARV) of the acquisition or by the value of other properties owned by the borrower.
The advantage of the bridge loan lender system is manifold. For one, it diminishes the barrier to entry for new investors. Bridge loan terms, as equity based loans, have significant differences to traditional mortgage loans, particularly the fact that these loans do not depend on a borrower’s credit score. For a home equity loan, bad credit is not a huge factor. Furthermore, a bridge loan allows an investor to be adapt to always fluctuating market conditions, purchase properties with cash, and fund rehab and construction projects without diminishing cash position.
Who Uses Bridge Loans?
Intrust Funding Is Washington State’s Proven Hard Money Lender
- Needs a bridge to span the gap between funding construction on a new rehab project and permanent financing.
- Purchases an apartment complex and requires a bridge loan for renovation and operation while locating renters.
- Desires leverage to close a deal quickly on a prime real estate opportunity.
- Plans to build a real estate empire, but is new to the industry, and has little cash on hand.
Bridge Loans for Rental Property
For landlords and property managers interested in renovating their properties, traditional financing options typically require tenant payment history to secure a loan. Yet, a bridge loan from Intrust Funding will be based simply on the ARV of the asset, allowing developers and investors to easily apply for loans and quickly receive cash for real estate projects.
With no restrictions or limits on the number of assets that can be used to secure bridge loans, you can get a bridge loan for all your property rehab, acquisition, and construction needs.
Bridge Loan ROI
By increasing the value of equity in real estate investments quickly and with cash, the real estate bridge loan is in high demand. Upgrade your property, prepare rent-ready product, and attract new renters. Paying off the loan can be done all at once, without penalty, or through a monthly payment plan during the duration of your loan.
Quick Facts about Intrust Funding’s Bridge 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.
For real estate investors, a bridge loan from Intrust Funding means quick access to cash, transparency throughout the lending process, and a reliable lender for all future projects. With no limits on the number of bridge loans or properties we will finance, we are your long-term solution to every short-term cash flow problem. Our hard money bridge loans are based on property equity, and we can provide same-day qualification in most cases. Fill out our prequalify form or call a representative to begin the process today!
Fix and Flip Loans
Fix and flip loans are typically utilized to renovate properties in disrepair. As real estate investors purchase a distressed or foreclosed property, fixer upper loans fund investors who rehab damages and “flip” the property from a disreputable eyesore to a profitable asset. And they allow borrowers to maintain a strong cash position. Financing for flipping houses through flip loans provides a substantial ROI for investors through:
- Minimizing renovation expenses;
- Maximizing property market value;
- Quick turnover time.
Since foreclosed or distressed properties typically enter the market as a low cost acquisition and are bought by seasoned real estate investors quickly, it can be difficult for anyone but local, capital rich investors to find and close deals on these valuable opportunities. The advantage of loans for flipping houses in this circumstance is significant. Because cash on hand is an important leverage in closing negotiations, Intrust Funding, a hard money lender in Western Washington, provides hard money fix and flip loans to real estate investors. Consequently, the playing field has been leveled.
Financing for Flipping Houses: An Alternative to Traditional Loan Programs
Despite the tremendous potential in distressed and foreclosed properties, many do not meet FHA lending guidelines. For real estate investors, this unfortunately means many large, federal programs are unavailable fund sources for these situations. Before private money lenders, that meant unharnessed potential was ignored.
Intrust Funding specializes in fix and flip loans. In fact, investors and developers can typically receive same-day prequalification and their first loan draw within 48 hours of closing!
Fix and Flip Loan Scenarios:
- Buy-to-Sell Properties
- REO or Bank Owned Purchase and Rehab
- Refinancing a Short Term Loan Intended for a Fixer Upper Project
- Buyer Unable to Qualify for Conventional Financing
- Portfolio Loans and Multi-Property Loans
With flexible terms, a 90% LTV, and funding from $50,000 to $7,000,000 and more, Intrust Funding’s loans for flipping houses are perfect for investors in Seattle, Bellevue, and other Western Washington markets.
Cash Out Refi Loan
Cash out refi loans for residential, multifamily, and small commercial properties have become very common hard money loans in today’s market.
As traditional lenders are restricted by specific regulations, private money lenders like Intrust Funding, who focus on equity based loans, have become industry lending leaders. We are fast refi lenders, hinging our loan terms on equity rather than borrower history and financials. That makes our cash out refinance loan program one of our most popular.
Refi Loan Scenarios
Situations where a refinance loan is advantageous include when investors:
- Maintain a Free and Clear Property
- Purchase another property
- Cross another Property
- Pay for Tenant Improvements
- Pay for Rehab Work on a Distressed Property
Whether you are a property manager improving a property, a real estate investor looking to acquire another property, or a developer looking to leverage a free and clear property to have cash on hand, our cash out refinance loan is just what you are looking for.
“I highly recommend Intrust Funding. I recently funded my latest two apartment projects with them. Carolyn was so great to work with! The process was very smooth and painless. I definitely hope to do more deals with Intrust in the future.”
I highly recommend Intrust Funding.”