Edmonds Hard Money Loans
Intrust Funding is an Edmonds residential hard money lender providing bridge loans to investors in Snohomish 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.
Edmonds, located in Snohomish County, is a scenic city nestled on the shores of Puget Sound. With a population of around 42,000, the city offers a range of attractions including a vibrant arts scene, historic downtown area, and marina, which draw in both locals and tourists. The city’s strong local economy, high quality of life, and well-regarded school system, combined with its picturesque waterfront setting, make it a prime location for both residential and commercial real estate investments.
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A Real Estate Investor’s Guide to Edmonds
Edmonds, WA
Founded in 1876 by George Brackett, Edmonds began as a logging town. Today, it is the third most populous city in Snohomish County. Located north of Seattle, bordering Richmond Beach, Mountlake Terrace, and Lynnwood, Edmonds is a key access point to the western coast of the Puget Sound via the Edmonds-Kingston Ferry. Over the years, the downtown area has transformed from a mill town to a hub for small shopping centers, boutique businesses, and fine dining, all of which are centrally located around a landmark fountain on 5th avenue. Known for its peaceful community and sweeping views of the Olympic Mountains, Edmonds has become a popular destination for those looking to raise a family. Spotted with old homes dating back to the founding years of the town, Edmonds is full of opportunities for investors looking to use a fix and flip loan to quickly appreciate the value of a property.
Snohomish County
Home to Everett, its largest city and the county seat, Snohomish County is the third most populous county in Washington state, and the 76th in the United States. As the western portion faces the Puget Sound and other bodies of water, and consequently contains most of its population, the eastern portion is part of the Cascade Mountains and the Mount Baker-Snoqualmie National Forest, with very few settlements.
Geography
Edmonds has 5 miles of shoreline, which is crossed by several small streams. The Puget Sound makes up 86 percent of the city’s drainage basin, with other streams flowing into Lake Ballinger to the southeast. The city’s main commercial districts are Downtown Edmonds, situated in a valley known as the “bowl”, and the State Route 99 corridor at its east end. The downtown has stunning views of the Puget Sound and the Olympic Mountains.
Employment
In 2019, Edmonds, WA had a population of 42k people with a median age of 45.9 and a median household income of $89,229. Between 2018 and 2019 the population of Edmonds, WA grew from 41,770 to 42,040, a 0.646% increase and its median household income grew from $87,693 to $89,229, a 1.75% increase.
Transportation
Edmonds is served by several modes of transportation that converge in the downtown area, including roads, railroads, ferries, and buses. The city’s ferry terminal is located at the west end of Main Street at Brackett’s Landing Park and is served by a ferry route to Kingston on the Kitsap Peninsula. From 1979 to 1980, Washington State Ferries also ran ferries to Port Townsend during repairs to the Hood Canal Bridge.
Hard Money Loan Scenarios Edmonds, WA
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