Federal Way Hard Money Loans
Intrust Funding is a Federal Way hard lender providing short term loans to investors in King 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 between Seattle and Tacoma, Federal Way has a population of over 96,000. The city’s well-developed infrastructure, access to transport, and robust retail sector make it a vibrant and attractive place to live and work. From the bustling commercial districts to quiet, suburban neighborhoods, Federal Way offers diverse real estate investment opportunities. The city’s attractions, such as the Weyerhaeuser King County Aquatic Center and the Pacific Bonsai Museum, contribute to its high quality of life, adding to its residential appeal.
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A Real Estate Investor’s Guide to Federal Way
Federal Way, WA
Federal Way, located in the southwest corner of King County, butts up against the Puget Sound and neighbors Des Moines, Tacoma, and Lakeland. The city got its name when 5 high schools consolidated to form Federal Way High School, named after the Federal Highway U.S 99 – also known as Pacific Highway South – which runs north-south through the city. The name stuck when the chamber of commerce adopted it in the 1950s. Federal Way is known for its parks, both state parks, and amusement parks. It hosts Wild Waves Theme and Water Park, the regions only amusement park, drawing visitors from all over the region. It’s also home to Dash Point State Park, and West Hylebos Wetlands Park on 348th street, which provides hiking trails, and the cities oldest building, Denny Cabin. With the draw of so many local attractions, Federal Way is a good area for investors looking to turn a profit with a fix and flip loan.
King County
With over 2 million people, King County is the largest county in Washington state and the 12th largest in the United States. Home to Seattle, Bellevue, and Tacoma, it was originally named after Alabama resident and Vice President William R. King, but in 1986 changed its namesake to Martin Luther King Jr. King County is nearly twice the land area of the state of Rhode Island, and is home to the Cascade Range, Issaquah Alps, Mount Si, 17 rivers, 9 major highways, 4 islands, the Snoqualmie National Forest, and the Klondike Gold Rush National Historical Park.
Geography
Federal Way is located in the southwestern corner of King County on a plateau between Puget Sound and the Green River Valley, approximately 25 miles south of downtown Seattle and eight miles north of downtown Tacoma. The city is served by Interstate 5 and state highways 18, 99 and 509.
Employment
In 2019, Federal Way, WA had a population of 96.5k people with a median age of 35.8 and a median household income of $67,347. Between 2018 and 2019 the population of Federal Way, WA grew from 96,110 to 96,526, a 0.433% increase and its median household income grew from $66,011 to $67,347, a 2.02% increase.
Transportation
Federal Way is served by I-5 (exits at 348th Street and 320th Street) and US Highway 99.
The Federal Way Transit Center, located on 23rd Ave S, was opened in 2006 and provides bus services.
There is an ongoing project (Federal Way Link Extension) to extend Sound Transit light rail from the Angle Lake Station in the City of SeaTac to the Federal Way Transit Center. In January 2017 the final route was approved. Construction is planned to begin in 2019 and the service is expected to open for service in 2024.
Hard Money Loan Scenarios Federal Way, WA
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