Lakewood Hard Money Loans
Intrust Funding is a Lakewood private lender providing residential 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.
Lakewood, located in Pierce County, is a diverse city with a population of around 60,000. The city’s economy is significantly influenced by the nearby Joint Base Lewis-McChord, providing a stable rental market. Lakewood’s strategic location, affordable housing, and strong transport links make it a prime location for real estate investment. The city’s commitment to community development projects and its rich cultural scene, featuring sites like the Lakewold Gardens, further enhance its appeal as an investment location.
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A Real Estate Investor’s Guide to Lakewood
Incorporated in 1996, Lakewood has an estimated population size of 60,538, according to the United States Census Bureau. Located in Pierce County, at the southern end of the Puget Sound, Lakewood derives its name from the many lakes in the region, including American Lake, Lake Steilacoom, Gravelly Lake, Lake Louise, and Waughop Lake. Pierce College Fort Steilacoom and Clover Park Technical College attract younger residents to the region. Also known for its true International Districts in the South Sound along South Tacoma Way and Pacific Highway, Lakewood draws a diverse group of residents. For investors looking to use a hard money loan on a fix and flip project, Lakewood is a promising location, as its proximity to Tacoma and nearby military bases continue to bring new employees to the region.
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.
There are several lakes within the city limits; the largest in area are American Lake, Lake Steilacoom, Gravelly Lake, Lake Louise, and Waughop Lake. A number of small creeks flow through Lakewood, some of which drain into nearby Puget Sound. The largest of these, Chambers Creek, flows from Lake Steilacoom to Chambers Bay between nearby University Place and Steilacoom.
Lakewood has an unemployment rate of 7.8%. The US average is 6.0%. Lakewood has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 39.1%, which is higher than the US average of 33.5%.
The western terminus of State Route 512 is in Lakewood, at its intersection with Interstate 5. The proposed State Route 704 would be the only other state highway entering the city.
Hard Money Loan Scenarios Lakewood, WA
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