Renton Hard Money Loans
Intrust Funding is a Renton private lender for real estate providing rehab 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.
Renton, situated in King County, is a bustling city with a population of over 105,000. Home to the manufacturing plant of Boeing, Renton has a diverse and dynamic economy. Its scenic setting on the southern tip of Lake Washington, combined with its strong local economy, make it a prime location for residential and commercial real estate investment. Renton’s ongoing growth, community development projects, and excellent transportation infrastructure further boost its potential as an investment location.
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A Real Estate Investor’s Guide to Renton
Renton, WA
Renton is a city in King County, Washington, and an inner-ring suburb of Seattle. Situated 11 miles southeast of downtown Seattle, Renton straddles the southeast shore of Lake Washington, at the mouth of the Cedar River. As of the 2020 census, the population of Renton was 106,785, up from 90,927 at the 2010 census. The city is currently the sixth-largest municipality in greater Seattle and the nineth-largest in Washington state.
After a long history as an important salmon fishing area for Native Americans, Renton was first settled by people of European descent in the 1860s. Its early economy was based on coal mining, clay production, and timber export. Today, Renton is best known as the final assembly point for the Boeing 737 family of commercial airplanes, but it is also home to a growing number of well known manufacturing, technology, and healthcare organizations, including Boeing Commercial Airplanes Division, Paccar, Kaiser Permanente, IKEA, Providence Health & Services, UW Medicine, and Wizards of the Coast.
King County
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.
Geography
Renton is bordered to the north by Newcastle. Along the east side of Renton is the Urban Growth Boundary established by King County, as such there is no incorporated city directly east of Renton. The geographical characteristics of Renton’s eastern border are varied and include (from north to south) the south flank of Cougar Mountain descending southward merging with the community of May Valley. The terrain then elevates south of May Valley to the communities of the East Renton Plateau before descending to the north bank of the Cedar River. Renton is bordered to the south by the city of Kent. The western border consists of the city of Tukwila, and finally the unincorporated King County community West Hill and Lake Washington to the northwest.
Employment
Renton has an unemployment rate of 6.5%. The US average is 6.0%.
Renton 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 38.3%, which is higher than the US average of 33.5%.
Transportation
Renton is served by King County Metro and Sound Transit Express buses. Clayton Scott Field (KRNT), located just north of downtown Renton, houses several facilities that offer charter services and flight training.
Hard Money Loan Scenarios Renton, WA
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