Intrust Funding is a Lake Stevens residential hard money lender providing loans for residential real estate 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.
Hard Money Loans for Real Estate Investors
Lake Stevens Hard Money Loans
For fix and flip investors, the city of Lake Stevens is becoming a prime location for hot market deals. We fund real estate investors looking for a Lake Stevens project to fix & flip or buy and hold. Many of our borrowers, who are also members of Bigger Pockets, follow the BRRRR method for producing long term wealth and passive income. Short loan terms allow borrowers the freedom to acquire properties quickly and repay their loans fast, as a typical loan from Intrust Funding ranges from 5 to 12 months. With a quick and simple application process, we can fund projects within 48 hours of approval. Acquire real estate fast and pay off your loan quickly. Real Estate investing has never been easier!
As leading bridge loan lenders in Lake Stevens, we are known for our simple rehab loan qualification process! If you have bad or no credit, that doesn’t matter to us. However we do need a credit report, or a copy of a credit report issued within the last 12 months, just to make sure there are no liens on any collateral you might use. We also need proof of funds for the down payment. To prequalify for a commercial loan from us, that’s about all we need. But an investment property with no septic in place, is selling at in-person county auctions, or does not have a free and clear title with no liens will not typically receive a hard money loan from Intrust Funding. Furthermore, we do not fund land-only deals, unless the land value is equal to or exceeds the loan amount. Our loans for residential real estate are typically used to purchase an investment, renovate a property, or to refinance a loan from another lender. All loan fees, which include a transaction and origination fee, are rolled into the total amount of the loan. The only payments due during the course of the loan is the interest payment at 1% per month. There are no early payoff fees, making our competitive rates equal to or better than other private money lenders in Snohomish County. At the end of the loan term, a balloon payment is due, which investors pay by renting, selling, or refinancing their investment property. Intrust Funding is a leading hard money lender in the city of Lake Stevens, with the ability to provide real estate investors with funding in as a little as 48 hours.
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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.
The city of Lake Stevens may be small with only 8.9 square miles of city limits and one high school in the district, but it has come a long way from its humble beginnings. The town has transformed many times over the years, functioning as a homestead, a mill town, and a resort community of lake side cabins. With the cost of living rising in denser cities throughout the region, Lake Stevens is becoming a popular option for commuters. Located in Snohomish County along State Route 9, the city is only a short distance from downtown Snohomish and Everett. The population of Lake Stevens jumped from 6,361 in the year 2,000, to an estimated 33,378 in 2018, according to the United States Census Bureau. With the likelihood of those numbers rising, Lake Stevens is a good area for those looking to purchase a long term investment property using a hard money loan.