Spokane Hard Money Loans
Intrust Funding is a Spokane hard money lender providing short term loans to investors in Spokane 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.
As the second-largest city in Washington, Spokane boasts a population of over 222,000. Its diverse economy, anchored by sectors like healthcare, education, and manufacturing, presents a stable environment for real estate investment. Spokane’s high quality of life, affordable housing, and diverse range of neighborhoods, from downtown urban living to suburban tranquility, make it a prime location for residential investment. The city’s robust commercial districts and ongoing development projects also offer opportunities for commercial real estate investment.
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A Real Estate Investor’s Guide to Spokane
Spokane is the largest city and county seat of Spokane County, Washington, United States. It is in eastern Washington, along the Spokane River, adjacent to the Selkirk Mountains, and west of the Rocky Mountain foothills, 92 miles south of the Canadian border, 18 miles west of the Washington–Idaho border, and 279 miles east of Seattle, along I-90.
Spokane is the economic and cultural center of the Spokane metropolitan area, the Spokane–Coeur d’Alene combined statistical area, and the Inland Northwest. It is known as the birthplace of Father’s Day, and locally by the nickname of “Lilac City”. Officially, Spokane goes by the nickname of Hooptown USA, due to Spokane annually hosting Spokane Hoopfest, the world’s largest basketball tournament. The city and the wider Inland Northwest area are served by Spokane International Airport, 5 miles west of Downtown Spokane. According to the 2010 census, Spokane had a population of 208,916, making it the second-largest city in Washington, and the 101st-largest city in the United States. At the 2020 census, Spokane’s population was 228,989. A 2021 estimate sets the population of the Spokane Metropolitan Area at 593,466.
Spokane County is a county located in the U.S. state of Washington. As of the 2010 census the population was 471,221, making it the fourth-most populous county in Washington state. The largest city and county seat is Spokane, the second largest city in the state after Seattle.
Spokane is located on the Spokane River in eastern Washington at an elevation of 1,843 feet above sea level, about 18 miles from Idaho, 92 miles south of the Canadian border, 229 miles due east of Seattle, and 279 miles southwest of Calgary. The lowest elevation in the city of Spokane is the northernmost point of the Spokane River within city limits (in Riverside State Park) at 1,608 feet; the highest elevation is on the northeast side, near the community of Hillyard (though closer to Beacon Hill and the North Hill Reservoir) at 2,591 feet. Spokane is part of the Inland Northwest region, consisting of eastern Washington, north Idaho, northwestern Montana, and northeastern Oregon. The city has a total area of 60.02 square miles, of which 59.25 square miles is land and 0.77 square miles is water.
Median household income in Spokane, WA is $50,306. In 2019, the place with the highest median household income in Spokane, WA was Census Tract 134.01 with a value of $115,160, followed by Census Tract 107 and Census Tract 42, with respective values of $109,500 and $98,158.
Spokane’s streets use a grid plan that is oriented to the four cardinal directions; generally, the east–west roads are designated as avenues, and the north–south roads are referred to as streets. Major east–west thoroughfares in the city include Francis, Wellesley, Mission, Sprague, and 29th Avenues. Major north–south thoroughfares include Maple–Ash, Monroe, Division, Hamilton, Greene–Market (north of I-90), and Ray–Freya (south of I-90) Streets. Division Street divides the city into East and West, while Sprague Avenue splits the city into North and South. Division Street is Spokane’s major retail corridor; Sprague Avenue serves the same purpose in Spokane Valley. With over 40,000 vehicles per day in average daily traffic from Interstate 90 north to the US 2–US 395 junction, North Division is Spokane’s busiest corridor.
Hard Money Loan Scenarios Spokane, WA
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