SeaTac Hard Money Lenders
Intrust Funding is a SeaTac commercial hard money lender 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.
Hard Money Loans for Real Estate Investors
Funding in 48 Hours
No Appraisals | No Draw Inspections
Rehab & Construction Loans
SeaTac Hard Money Loans
As the city of SeaTac continues to grow, real estate investment opportunities are more abundant than ever. Private investors looking for SeaTac commercial real estate choose us for buy & hold and fix and flip projects in King County. For long term wealth and passive income, many of our borrowers choose one of our loan options to follow the BRRRR method, popularized by Bigger Pockets. Short loan terms allow borrowers the freedom to acquire properties quickly and repay their loans fast, as a typical loan from Intrust Funding ranges from 5 to 12 months. Our application process is simple and transparent. And we can disperse funding for investment projects within 48 hours of approval. Quick loan payoff combines with quick investment profit. We make real estate investing easy.
SeaTac, WA, Real Estate Marketing Data
View up-to-date data for SeaTac’s real estate market.
Real Estate Investment Loans for SeaTac, WA
As leading residential hard money lenders in SeaTac, we are known for our simple bridge loan qualification process! Prequalifying for a bridge 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. Our rehab loans are typically used to purchase an investment, renovate a property, or to refinance a loan 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 King County. Intrust Funding provides quick hard money loans to investors in the city of SeaTac.
SeaTac 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 SeaTac, Washington, trust Intrust Funding to give them the best deals in King County.
Rehab Loans for SeaTac Real Estate
For SeaTac real estate investors who need hard money to fund both the acquisition of a property and the renovation costs, Intrust Funding’s SeaTac rehab loans roll up everything into one loan, for your convenience.
AirBnB Loans for SeaTac, WA
AirBnB is a service that connects people with real estate investors who are willing to rent out their rental properties for much less than your average hotel stay. Any real estate investor will tell you that an AirBnB residential property in SeaTac offers a great return on investment as a short term rental during holidays, vacations, and getaways.
Fix and Flip Loans SeaTac, 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 SeaTac 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 SeaTac, we fund cash-out refi loans every day. Whether you need a longer loan period, want to cross-collateralize investments, or more, our SeaTac cash out refinance loans are for you.
BRRRR Method in SeaTac, King County
With the BRRRR method, investors can use cash, or a short-term loan, to buy, rehab, rent, refinance, and then repeat this system for investing in rental properties. For real estate investors in SeaTac, Intrust Funding has become a popular money lender on BRRRR projects.
SeaTac is a city in southern King County, Washington, United States. The city is an inner-ring suburb of Seattle and part of the Seattle metropolitan area. The name “SeaTac” is derived from the Seattle–Tacoma International Airport, itself a portmanteau of Seattle and Tacoma.
The city of SeaTac is 10 square miles in area and has a population of 31,454 according to the 2020 census. The city boundaries surround the Seattle–Tacoma International Airport (approximately 3 square miles in area), which is owned and operated by the Port of Seattle. The city includes the communities of Angle Lake, Bow Lake, McMicken Heights and Riverton Heights, which were established before the city’s incorporation.
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.
As of 2000 the median income for a household in the city was $41,202, and the median income for a family was $47,630. Males had a median income of $34,396 versus $28,984 for females. The per capita income for the city was $19,717. About 9.8% of families and 11.5% of the population were below the poverty line, including 15.5% of those under age 18 and 8.1% of those age 65 or over.
SeaTac’s population has grown steadily since the 2000 Census, and is projected to grow 5.06% by 2022, a rate higher than the USA rate of 3.77%, but lower than King County’s 7.46%. SeaTac has considerable ethnic diversity. Only 51.76% of the age 5+ population reportedly spoke only English at home; some 13.90% spoke Spanish at home, considerably higher than King County’s 6.82%, but only somewhat higher than the USA’s overall 13.16%. Languages spoken at home also include those from Asia-Pacific at 10.74%, Indo-European languages at 10.06%, and other languages at 13.54%.
SeaTac has an unemployment rate of 9.5%. The US average is 6.0%.
SeaTac 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 40.8%, which is higher than the US average of 33.5%.
SeaTac is served by three major highways: State Route 99 (International Boulevard), State Route 518, and the Airport Expressway. Portions of Interstate 5 and State Route 509 also lie within the city limits.
The city is served by the Seattle–Tacoma International Airport, located within city limits.
Hard Money Loan Example SeaTac, 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.