Richland Hard Money Lenders
Intrust Funding is a Richland money lender for residential providing private money loans to investors in Benton 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.
Hard Money Loans for Real Estate Investors
Funding in 48 Hours
No Appraisals | No Draw Inspections
Rehab & Construction Loans
Richland Hard Money Loans
More than ever, real estate investors are finding great opportunities in the city of Richland. We fund real estate investors looking for a Richland project to fix & flip or buy and hold. Many of our borrowers, who are also members of Bigger Pockets, follow the BRRRR method for producing long term wealth and passive income. Intrust Funding provides short term loans that range from 5 to 12 months. With funding in 48 hours, our borrowers appreciate that our application process is quick and simple. We make real estate investing easy.
Richland, WA, Real Estate Marketing Data
View up-to-date data for Richland’s real estate market.
Real Estate Investment Loans for Richland, WA
As Richland’s leading money lenders, our short term loans are accessible to new and seasoned investors alike! Prequalifying for a flip loan from us is simple. Although there is no minimum credit score you need to have, we must have a credit report or a copy of a report issued in the last 12 months on file. This is just so we can make sure there aren’t any liens on collateral you might use for the loan. The second thing we need is a proof of funds for down payment, or proof of adequate collateral. Once we have those two things, that’s about all we need! But an investment property with no septic in place, is selling at in-person county auctions, or does not have a free and clear title with no liens will not typically receive a hard money loan from Intrust Funding. Furthermore, we do not fund land-only deals, unless the land value is equal to or exceeds the loan amount. Many investors use our private money loans to acquire a property, renovate an investment, or as a cash-out refi from another lender. All fees, including transaction and origination fees, are rolled into the loan. A 1% per month interest payment is the only payment due during the course of the loan. And we charge no early payoff fee! To payoff the loan, a balloon payment is due at the end of the loan term when the investment property is ready to rent out, go on the market, or be refinanced. Our competitive rates equal or beat other hard money lenders in Benton County. Intrust Funding is here to help real estate investors in the city of Richland, secure their investment property by providing quick processed loans and expert investment counseling.
Richland Richland Bridge Loans
Sometimes hard money loans are called bridge loans. This is because bridge loans act as bridges between quick, short-term and long-term financing. Investors looking for bridge loans in Richland, Washington, trust Intrust Funding to give them the best deals in Benton County.
Rehab Loans for Richland Real Estate
For Richland real estate investors who need hard money to fund both the acquisition of a property and the renovation costs, Intrust Funding’s Richland rehab loans roll up everything into one loan, for your convenience.
AirBnB Loans for Richland, WA
AirBnB is a service that connects people with real estate investors who are willing to rent out their real estate investment properties for much less than your average hotel stay. Any real estate investor will tell you that an AirBnB residential property in Richland offers a great return on investment as a short term rental during holidays, vacations, and getaways.
Fix and Flip Loans Renton, WA
Today, fix and flips are all the rage. One reason for this trend is the way seasoned investors leverage hard money to fund fix and flip projects. Let us help you out on your next Richland fix and flip with our hard money loan!
Cash Out Refinance Hard Money Loan
If you need to refinance a hard money loan for an investment property in Richland, we fund cash-out refi loans every day. Whether you need a longer loan period, want to cross-collateralize investments, or more, our Richland cash out refinance loans are for you.
BRRRR Method in Richland, Benton County
The BRRRR method involves five steps: buying, rehabbing, renting, refinancing, and then repeating this process for investing in real estate investment properties. For commercial real estate investors in Richland, Intrust Funding has become a popular private lender on BRRRR projects.
Richland is a place where you can stroll along the Columbia River, enjoy an outdoor concert or find an imaginative playground for young and old alike.
Enjoy visiting a community that offers fishing, boating, and water skiing opportunities as well as antique shops and wineries. Richland has a rich cultural community and visitors will enjoy taking in performances from symphony, to ballet, to community theater troupes. The city of Richland is home to over 58,000 residents and hosts a medieval renaissance fair, folk-life and music festivals, art shows, and an annual classic car and street rod show and other events.
Benton County is a county in the south-central portion of the U.S. state of Washington. As of the 2010 census, its population was 175,177. The county seat is Prosser, and its largest city is Kennewick. The Columbia River demarcates the county’s north, south, and east boundaries.
Three major rivers, the Columbia, Snake, and Yakima Rivers, dominate the geography of the region. Horse Heaven Hills, which lie southwest of the urban area, provide the community with its southern horizon. It is this part of the state where the rivers converge and form Lake Wallula upstream from McNary Dam on the Columbia River. The rivers provide the Tri-Cities with abundant water for irrigation and energy, barge transportation, and is a coveted recreational resource. A fun fact about the area is that Rattlesnake Mountain, at over 3,000 feet, is considered the tallest, tree-less mountain in the Northern Hemisphere.
Richland has an unemployment rate of 5.3%. The US average is 6.0%.
Richland has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 39.6%, which is higher than the US average of 33.5%.
Richland is served by Richland Airport, located in the city, as well as the Tri-Cities Airport, located in nearby Pasco. Both have only domestic flights. Also in Pasco is an Amtrak station, where the Portland-Chicago Empire Builder makes a stop.
Ben Franklin Transit provides bus transportation within Richland and the Tri-Cities area.
Hard Money Loan Example Richland, WA
James Dainard, a Principal of Intrust Funding,...
If you want to use real estate as part of an overall investment strategy, consider BRRRR method hard money lenders who can help you finance the purchase and rehab costs in one lump sum.
Are you wondering what the differences are...
We all pay taxes every year. Sometimes, there...
On April 24th, the investment community received...
Since 2008, conversations and questions about the pros and cons of hard money loans have taken over the real estate investment world. Some private investors are still confused about the nature of these loans, while others have jumped on the bandwagon and partner with hard money lenders to fund every project.
The truth is hard money loans are relatively simple investment tools with quite a few benefits that often go overlooked. Here are the facts:
“Foreclosures are great real estate investments, but many traditional lenders see the risk and not the reward on these properties. That’s why more real estate investors are using hard money loans to buy foreclosures.” – Loren Howard
A hard money loan makes it easy to buy, repair, and profit from foreclosure real estate investments. Real estate investors can also close on properties faster than ever because hard money loans aren’t credit based and can be funded in as little as 48 hours by lenders like Intrust Funding.
As hard money lenders we’ve seen perfectly legitimate investment opportunities turn into financial crises because of borrowers’ inexperience in choosing and managing contractors. If you’re new to this process, don’t worry! Here are a few tips for working with contractors successfully.
Many lenders, Intrust Funding included, refuse to finance investment properties that they do not believe will be successful. In the instance that an investor is rejected because of the property, it is a good idea for the investor to either request a second opinion or not purchase the property at all. While it may seem preferable to get a second opinion, the lenders that advise against purchasing a property are working in your best interest and are not interested in attaining your collateral, but rather in funding a successful deal.
It’s the bottom of the ninth and there are two outs. Who is batting for you? You’ve done your research, your financial documents are ready, and you’ve found the investment of your dreams, but how do you decide who to trust to back you financially? Here are key characteristics to help you find a lender that’s right for you. Hit this one out of the park!
Pro Tip: Hard Money Lenders with High Default Rates Should Always be Avoided!
Fix and flip real estate investors may look glamorous on TV, but what they don’t show you is the steps taken for purchasing an investment property. Like most of us, they don’t usually have hundreds of thousands of dollars just sitting around in their bank accounts. In fact, the biggest obstacle for new investors isn’t the work required for property renovations but rather securing the funds to acquire their investment properties in the first place. And that’s where our fix and flip loan program comes into play.
Because hard money lenders fund projects conventional loans typically won’t cover, there are a lot of misconceptions about what hard money loans actually are.
Here Intrust Funding takes on a few common myths by talking about the facts.
As an alternative to conventional lending, many investors are using hard money lending.
One reason is because hard money lenders like Intrust Funding underwrite investment properties based on expected ARV (after repair value) rather than current property value. As a result, neither credit score nor property condition are significant factors when investors apply for hard money loans.
Leverage as defined in the lending industry is the use of borrowed capital to achieve a financial gain. Investors typically use leverage when they expect profits to be greater than the interest payable. Leveraging can significantly increase your overall cash on cash return when used properly. But what happens when you leverage too much and a deal goes wrong?
A look at the market from 2016. Since hard money lenders source their funds from private investors, a change in the federal interest rate does not have a direct effect on hard money borrowers.