Bellingham Hard Money Loans
Intrust Funding is a Bellingham real estate hard money lender providing commercial loans to investors in Whatcom County. Acquire your next property, renovate your next investment, or cash-out refi your last loan today. With funding in 48 hours, no inspections, no appraisals, and a simple 1% per month interest rate, Intrust Funding is real estate investing simplified.
Situated in Whatcom County, Bellingham is a dynamic city with a population nearing 92,000. Home to Western Washington University, the city provides a steady rental market, making it an attractive location for residential real estate investors. Bellingham’s active port and healthcare sector further add to its diversified economy, creating opportunities for commercial investment. With its unique blend of urban living and easy access to outdoor recreation, Bellingham continues to attract a broad demographic, enhancing its desirability as a real estate investment location.
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A Real Estate Investor’s Guide to Bellingham
Situated north of Seattle near the Canadian border, Bellingham is a popular destination in Washington state. From sea goers looking to visit the San Juan Islands, to skiers and snowboarders hoping to ride the slopes of the Mt. Baker ski area situated along the North Cascades, the city attracts people from all walks of life. An ongoing influx of new students coming to attend Western Washington University means the town’s population is in a constant state of growth. Recent records estimate the population at 91,800, making it a prime location for real estate investors looking for new opportunities.
Bordering Canada, Whatcom County contains over 200,000 residents and is home to Bellingham, its largest city and county seat. The name Whatcom derives from the Lummi word meaning “noisy water.”
Bellingham is situated on Bellingham Bay which is protected by Lummi Island, Portage Island, and the Lummi Peninsula, and opens onto the Strait of Georgia. It lies west of Mount Baker and Lake Whatcom (from which it gets its drinking water) and north of the Chuckanut Mountains and the Skagit Valley. Whatcom Creek runs through the center of the city. Bellingham is 18 miles (29 km) south of the US-Canada border and 50 miles (80 km) southeast of Vancouver.
The BLS reported that the unemployment rate for Bellingham fell 0.0 percentage points in March 2022 to 4.8%. For the same month, the metro unemployment rate was 0.6 percentage points higher than the Washington rate. The unemployment rate in Bellingham peaked in April 2020 at 17.6% and is now 12.8 percentage points lower. From a post peak low of 4.8% in February 2022, the unemployment rate has now grown by 0.0 percentage points.
Bellingham is bisected by Interstate 5 (I-5), which connects it to Seattle, Vancouver, and Portland, Oregon. The city also has three state highways: State Route 11, a scenic byway through the Chuckanut Mountains; State Route 539, which connects to Lynden and the Canadian border; and State Route 542, which travels east to the Mount Baker Ski Area. The Bellingham International Airport offers scheduled commuter flights to and from Seattle and Friday Harbor, Washington, and regularly scheduled jet service to various West Coast airports.
Hard Money Loan Scenarios Bellingham, WA
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