Mount Vernon Hard Money Loans
Intrust Funding is a Mount Vernon private lender providing bridge loans to investors in Skagit 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.
Nestled in the heart of Skagit Valley, Mount Vernon is a scenic city with a population of over 35,000. Known for its annual Skagit Valley Tulip Festival, the city is a tourist hotspot that offers a stable market for short-term rental property investment. Its strong local economy, bolstered by sectors like healthcare, education, and retail, enhances its appeal for commercial real estate investments. Mount Vernon’s high quality of life, affordable housing, and excellent school system make it a prime location for residential investment as well.
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A Real Estate Investor’s Guide to Mount Vernon
Mount Vernon, WA
Mount Vernon is the county seat of Skagit County, Washington, United States. The population was 35,219 at the 2020 census. It is one of two principal cities of and included in the Mount Vernon-Anacortes, Washington Metropolitan Statistical Area. Downtown Mount Vernon is known for its annual Tulip Festival Street Fair, which is part of the Skagit Valley Tulip Festival. The climate of Skagit County is similar to that of Northern France, with millions of tulips grown in the Skagit Valley. In 1998, Mount Vernon was rated the #1 “Best City in America” by the New Rating Guide to Life in America’s Small Cities.
Mount Vernon’s first industry was logging; camps were set up to log the townsite. The community grew quickly following the loggers, and hotels and saloons opened up along the Skagit River next to English & Clothiers’ store. While poised to grow, river access to the community was stymied by a massive and ancient log jam in the river which prevented large ships from being able to port. Mail carriers instead had to paddle canoes down-stream to nearby Skagit City which enjoyed a brief period of prosperity thanks to this obstacle.
Skagit County
Home to more than 120,000 people, Skagit County is located in the northwest region of Washington State. It was named after the Skagit Indiana tribe. Known for its world-famous tulip fields, the large valley of Skagit County also has many crops and the Skagit River, which flows toward the San Juan Islands.
Geography
According to the United States Census Bureau, the city has a total area of 12.61 square miles, of which, 12.30 square miles is land and 0.31 square miles is water. Like much of the Pacific Northwest, according to the Köppen climate classification, Mount Vernon falls within a cool dry-summer subtropical zone , with “cool”-summer Mediterranean characteristics. Other sources classify it as belonging in the marine west coast climate zone, with cool, wet winters and warm, distinctly drier summers.
Employment
Mount Vernon has an unemployment rate of 7.2%. The US average is 6.0%. Mount Vernon has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 35.7%, which is higher than the US average of 33.5%.
Transportation
Mount Vernon’s main transportation hub is Skagit Station, built in 2004, which is served by Amtrak and bus operators. Commuters and travelers can switch between modes of transportation in downtown Mount Vernon. The station offers stops for Skagit Transit buses, Greyhound bus, Amtrak Cascades rail and local taxi. The new Everett Express bus route connects to the Sounder Train in Everett.
Hard Money Loan Scenarios Mount Vernon, WA
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