Lynnwood Hard Money Loans
Intrust Funding is a Lynnwood private loan 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.
Lynnwood, located in Snohomish County, is a bustling city with a population of around 39,000. Its strategic location near the junction of Interstates 5 and 405 makes it a major retail hub, enhancing its appeal for commercial real estate investments. With its diverse neighborhoods, excellent schools, and recreational amenities like Lynnwood Municipal Golf Course and Scriber Lake Park, Lynnwood also offers numerous opportunities for residential real estate investment. The city’s ongoing growth and development projects, combined with its close proximity to Seattle, further boosts its potential as an investment location.
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A Real Estate Investor’s Guide to Lynnwood
Located in Snohomish county, Lynnwood has an estimated population size of 38,511, according to the United State Census Bureau. The city hosts a variety of businesses and entertainment attractions including the Lynnwood Convention Center, Recreation Center, and the Alderwood Mall – the cities main retail shopping center. Also home to Edmonds Community College, Lynnwood draws younger residents looking to further their education. Within proximity to two main transportation routes – highway 99 and interstate 5 – the Lynnwood Transit Center provides a main connection point for commuters working in downtown Seattle. The introduction of the Lynnwood Light Rail in 2024 is likely to attract even more residents to the area who are looking to avoid congested commutes. As such, Lynnwood is a good area for investors looking to purchase lucrative buy and hold properties with a hard money loan.
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.
Lynnwood is situated 300 to 600 feet on a plateau above Puget Sound, which lies to the city’s west, and consists of several hills and valleys. The city has eighteen identified drainage basins, most of which drain into Swamp Creek or Puget Sound via Lund’s Gulch. Other natural features within Lynnwood include Scriber Lake and Hall Lake. One of the highest hills in the Seattle area is 649-foot Lake Serene Hill, near the lake of the same name. The city has extensive views of the Olympic Mountains to the west and the Cascade Mountains to the east.
Lynnwood has an unemployment rate of 7.0%. The US average is 6.0%. Lynnwood has seen the job market increase by 2.6% over the last year. Future job growth over the next ten years is predicted to be 42.6%, which is higher than the US average of 33.5%.
Public transportation in Lynnwood is provided by Community Transit, which serves most of Snohomish County, and Sound Transit, the regional system serving the entire metropolitan area. Most bus service in Lynnwood is concentrated at hubs, including the Lynnwood Transit Center, Ash Way Park and Ride, and Edmonds College. Community Transit operates local routes, including Swift bus rapid transit on State Route 99, and peak-only commuter service to Downtown Seattle and the University of Washington. Sound Transit operates all-day express service from Lynnwood Transit Center and Ash Way Park and Ride to Downtown Seattle and Downtown Bellevue
Hard Money Loan Scenarios Lynnwood, WA
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