Redmond Hard Money Loans
Intrust Funding is a Redmond commercial hard money lender providing flip 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.
Located in King County, Redmond is a dynamic city with a population of around 72,000. Known as the home of technology giants Microsoft and Nintendo, Redmond boasts a vibrant economy and a high standard of living. This strong economy, combined with its diverse neighborhoods, excellent school system, and extensive recreational amenities, makes Redmond a prime location for residential and commercial real estate investment. The city’s ongoing growth and development projects further boost its appeal as an investment location.
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A Real Estate Investor’s Guide to Redmond
Redmond is the seventh most populous city in King County and the sixteenth most populous city in the State of Washington, with a residential population of approximately 73,256 in 2020. It encompasses an area of over 17.14 square miles and is located less than 20 miles east of downtown Seattle at the north end of Lake Sammamish. The city prides itself for its high quality of life with good schools, a healthy economic base, a parks system that provides a variety of active and passive recreational opportunities, diverse offerings for shopping and dining, safe neighborhoods, and an emphasis on quality development and protection of the natural environment.
Redmond’s park system consists of 31 developed and 14 undeveloped parks on over 1,345 acres and 29 miles of developed trails. Facilities range from community, neighborhood, and resource parks to undeveloped open space, beautification areas, and gathering places. They include a waterfront park on Lake Sammamish (Idylwood), a wildlife preserve known as the Redmond Watershed, and a farm with equestrian facilities at Farrel-McWhirter Park. Recreation programs provide learning, socializing, and entertainment opportunities for preschoolers through senior adults and an active cultural arts scene. Facilities include a senior center, a teen center, a community center, and two log cabins at Anderson Park. In addition, King County operates numerous trail connections with Redmond’s system and points beyond.
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.
Redmond is bordered by Kirkland to the west, Bellevue to the southwest, and Sammamish to the southeast. Unincorporated King County lies to the north and east. The city’s urban downtown lies just north of Lake Sammamish; residential areas lie north and west of the lake. Overlake, the city’s second urban center, is to the west of Lake Sammamish. The Sammamish River runs north from the lake along the west edge of the city’s downtown.
Redmond is located at 47°40′10″N 122°07′26″W.
According to the United States Census Bureau, the city has a total area of 16.94 square miles, of which 16.28 square miles are land and 0.66 square miles are water.
Redmond has an unemployment rate of 4.1%. The US average is 6.0%.
Redmond 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 44.2%, which is higher than the US average of 33.5%.
The city is well known as a center of technology and the location for a number of nationally known Redmond Sign along Redmond Wayhigh-tech and biomedical companies. Among these are Microsoft, Nintendo, AT&T, and Physio-Control. Redmond Town Center, a large downtown retail center, offers numerous shops, restaurants, three movie theaters, special events, and live performances by a repertory theatre company and other arts-related groups.
Hard Money Loan Scenarios Redmond, WA
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