University Place Hard Money Lenders
Intrust Funding is a University Place private lender for real estate providing direct lender loans to investors in Pierce 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
University Place Hard Money Loans
More than ever, real estate investors are finding great opportunities in the city of University Place. Private investors looking for University Place commercial real estate choose us for buy & hold and fix and flip projects in Pierce 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’s short term loans typically range from 5 to 12 months. With a quick and simple application process, we can fund projects within 48 hours of approval. Acquire real estate fast and pay off your loan quickly. Real Estate investing has never been easier!
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University Place, WA, Real Estate Marketing Data
View up-to-date data for University Place’s real estate market.
Real Estate Investment Loans for University Place, WA
As University Place’s leading residential hard money lenders, our private money loans are accessible to new and seasoned investors alike! If you have bad or no credit, that doesn’t matter to us. However we do need a credit report, or a copy of a credit report issued within the last 12 months, just to make sure there are no liens on any collateral you might use. We also need proof of funds for the down payment. To prequalify for a bridge loan from us, 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 direct lender loans are typically used to purchase an investment, renovate a property, or to refinance a loan from another lender. All fees, like origination fees, are rolled into the loan, while a ballon payment is due at the end when the investment property is sold, rented out, or refinanced, allowing our competitive rates to match or beat other hard money lenders in Pierce County. Similarly, our flat 1% interest rate per month attracts investors all over Washington state. Intrust Funding is a fix and flip lender offering quick closing loans to investors in the city of University Place who have little or bad credit history.
University Place 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 University Place, Washington, trust Intrust Funding to give them the best deals in Pierce County.
Rehab Loans for University Place Real Estate
For University Place real estate investors who need hard money to fund both the acquisition of a property and the renovation costs, Intrust Funding’s University Place rehab loans roll up everything into one loan, for your convenience.
AirBnB Loans for University Place, WA
AirBnB is a service that connects people with commercial real estate investors who are willing to rent out their investment properties for much less than your average hotel stay. Many real estate investors are using AirBnB residential properties in University Place to generate passive income and grow their portfolios.
Fix and Flip Loans University Place, 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 University Place 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 University Place, we fund cash-out refi loans every day. Whether you need a longer loan period, want to cross-collateralize investments, or more, our University Place cash out refinance loans are for you.
BRRRR Method in University Place, Pierce County
The BRRRR Method is a real estate investing strategy where an investor will Buy, Rehab, Rent, Refinance, and then Repeat this cycle to generate value quickly in their commercial properties portfolio. Throughout University Place, commercial real estate investors who are searching for bridge loan lenders and commercial properties to use the BRRRR method with choose Intrust Funding.
University Place, WA
University Place received its name in the 1800s when the University of Puget Sound, a private liberal-arts college in North Tacoma, purchased land along the primary north–south route of Grandview Drive. The school sought to build a new campus there, but ended up selling the land back to the city for about $11,000. University Place remained an unincorporated part of Pierce County until the City of University Place was formed on August 31, 1995.
Today, University Place is largely suburban in character and functions as a mixed business and residential area with waterfront on the Puget Sound. The town is home to Curtis Senior High School and Charles Wright Academy.
Pierce County
The second most populous county in Washington state, Pierce County is home to more than 790,000 people. Named after U. S. President Franklin Pierce, Pierce County is home to Mount Rainier, a volcano, and the tallest mountain in the Cascade Range.
University Place is located at 47°13′10″N 122°32′30″W (47.219545, -122.541610).[9]
According to the United States Census Bureau, the city has a total area of 8.56 square miles (22.17 km2), of which, 8.42 square miles (21.81 km2) is land and 0.14 square miles (0.36 km2) is water
University Place has an unemployment rate of 5.5%. The US average is 6.0%.
University Place has seen the job market increase by 1.8% 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%.
As of the census of 2010, there were 31,144 people, 12,819 households, and 8,476 families living in the city. The population density was 3,698.8 inhabitants per square mile (1,428.1/km2). There were 13,573 housing units at an average density of 1,612.0 per square mile (622.4/km2). The racial makeup of the city was 71.0% White, 8.5% African American, 0.8% Native American, 9.0% Asian, 0.8% Pacific Islander, 1.7% from other races, and 8.2% from two or more races. Hispanic or Latino of any race were 6.7% of the population.
There were 12,819 households, of which 32.7% had children under the age of 18 living with them, 47.9% were married couples living together, 14.0% had a female householder with no husband present, 4.2% had a male householder with no wife present, and 33.9% were non-families. 27.7% of all households were made up of individuals, and 9.5% had someone living alone who was 65 years of age or older. The average household size was 2.41 and the average family size was 2.94.
Hard Money Loan Example University Place, WA
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What Are Hard Money Loans?
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:
Buying Foreclosed Homes: Is it Worth the Risk?
“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.
A Guide to Choosing Contractors for Rehab Projects
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.
How Hard Money Lenders Evaluate Deals
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.
How to Choose a Hard Money Lender: What to Look for and What to Avoid
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 Loans: The Hard Money Advantage
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.
Hard Money Facts: Myths Debunked
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.
Why Choose a Hard Money Loan over a Conventional Loan
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.
Leveraging: Benefits and Risks
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?
Are interest rates on the rise? The 2016 Market
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.