Sunnyside Hard Money Lenders
Intrust Funding is a Sunnyside bridge loan lender providing short term loans to investors in Yakima 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
Sunnyside Hard Money Loans
The real estate market in Sunnyside has everyone talking, especially in the private lending world. Private investors looking for Sunnyside commercial real estate choose us for buy & hold and fix and flip projects in Yakima 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. Intrust Funding provides short term loans that range from 5 to 12 months. With an easy, transparent, and quick application process, Intrust Funding can provide funds for investments within 48 hours of approval. That means buying properties quickly and repaying loans in no time. Real estate investing has never been easier.
Sunnyside, WA, Real Estate Marketing Data
View up-to-date data for Sunnyside’s real estate market.
Real Estate Investment Loans for Sunnyside, WA
As leading hard lenders in Sunnyside, we are known for our simple rehab loan qualification process! Prequalifying for a short term 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 short term loans are typically used to purchase an investment, renovate a property, or to refinance a loan from another lender. All loan fees are rolled into our loans, meaning investors only pay a 1% interest rate each month until their loan is payed off. A balloon payment is due at the end of the loan term, which is typically paid off through the sale or refinance of the investment property. Our competitive rates are appreciated by commercial real estate investors in Yakima County. At Intrust Funding, we provide cash on hand, hard money loans, with no money out of pocket, to investors in the city of Sunnyside.
Sunnyside 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 Sunnyside, Washington, trust Intrust Funding to give them the best deals in Yakima County.
Rehab Loans for Sunnyside Real Estate
For Sunnyside real estate investors who need hard money to fund both the acquisition of a property and the renovation costs, Intrust Funding’s Sunnyside rehab loans roll up everything into one loan, for your convenience.
AirBnB Loans for Sunnyside, WA
The AirBnB business model is simple. It is a two-sided platform that facilitates the process of renting out and booking a investment property for travelers to stay in. Many commercial real estate investors are using AirBnB real estate investment properties in Sunnyside to generate passive income and grow their portfolios.
Fix and Flip Loans Sunnyside, 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 Sunnyside 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 Sunnyside, we fund cash-out refi loans every day. Whether you need a longer loan period, want to cross-collateralize investments, or more, our Sunnyside cash out refinance loans are for you.
BRRRR Method in Sunnyside, Yakima 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 commercial real estate properties. Intrust Funding is one of the most popular private lenders in Sunnyside for commercial real estate investors looking to capitalize on the BRRRR method.
The modern settlement of Sunnyside was founded by Walter Granger in 1893. The name was coined by a merchant named W. H. Cline. Granger was involved in the financing and construction of the Sunnyside Canal which would have allowed Yakima River water to irrigate the area. However, due to the Panic of 1893, Granger’s creditors foreclosed on the canal, and the town’s population dwindled to seven families. By the end of 1901, the population had doubled, finally exceeding 300 people. The site contained “1 bank, 11 stores, 3 hotels, 1 newspaper [the Sunnyside Sun, still publishing in 2020], 2 blacksmith shops, 2 livery barns, 3 churches, and a large and growing school”.
Yakima County is a county in the U.S. state of Washington. As of the 2010 census, its population was 243,231. The county seat and largest city is Yakima. The county was formed out of Ferguson County in January 1865 and is named for the Yakama tribe of Native Americans.
According to the United States Census Bureau, the city has a total area of 6.63 square miles, all of it land.
Sunnyside lies approximately 180 miles away from Seattle to the west, Spokane to the east and Portland to the southwest.
Sunnyside is a city located in Yakima County Washington. Sunnyside has a 2020 population of 17,105. Sunnyside is currently growing at a rate of 0.61% annually and its population has increased by 6.94% since the most recent census, which recorded a population of 15,995 in 2010.
The average household income in Sunnyside is $56,681 with a poverty rate of 19.24%. The median rental costs in recent years comes to $755 per month, and the median house value is $146,700. The median age in Sunnyside is 25.4 years, 22.4 years for males, and 29.4 years for females.
Up through the early portion of the 19th century, the portion of the Yakima Valley where Sunnyside is now located was inhabited by the “Taptat-ħlama” (or ″People at the rapids”). These people hunted and fished along Yakima River from the mouth of Satus Creek (contained in present-day Satus immediately southwest of Sunnyside) to present Kiona, with a key fishery at near present-day Prosser.
Several tribes in the region were relocated onto the Yakama Indian Reservation following the 1855 signing of a treaty with the federal government. However, the Yakima War lingered until 1858, with Chief Kamiakin fighting on until the Battle of Four Lakes in 1858.
Hard Money Loan Example Sunnyside, 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.