Walla Walla Hard Money Lenders
Intrust Funding is a Walla Walla private lender for real estate providing rehab loans to investors in Walla Walla 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
Walla Walla Hard Money Loans
People in Walla Walla are looking to real estate more and more to achieve financial freedom. Bigger Pockets has made the BRRRR method a popular approach for real estate investors to generate passive income and accrue long term wealth. With our private money loans, investors have tremendous success at fix and flips and buy and holds in Walla Walla. 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. With funding in 48 hours, our borrowers appreciate that our application process is quick and simple. We make real estate investing easy.
Walla Walla, WA, Real Estate Marketing Data
View up-to-date data for Walla Walla’s real estate market.
Real Estate Investment Loans for Walla Walla, WA
As leading money lenders for residential in Walla Walla, we are known for our simple commercial loan qualification process! 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 direct lender 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. Many investors use our rehab loans to acquire a property, renovate an investment, or as a cash-out refi from another lender. All loan fees, which include a transaction and origination fee, are rolled into the total amount of the loan. The only payments due during the course of the loan is the interest payment at 1% per month. There are no early payoff fees, making our competitive rates equal to or better than other private money lenders in Walla Walla County. At the end of the loan term, a balloon payment is due, which investors pay by renting, selling, or refinancing their investment property. Intrust Funding is a leading hard money lender in the city of Walla Walla, with the ability to provide real estate investors with funding in as a little as 48 hours.
Walla Walla 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 Walla Walla, Washington, trust Intrust Funding to give them the best deals in Walla Walla County.
Rehab Loans for Walla Walla Real Estate
For Walla Walla real estate investors who need hard money to fund both the acquisition of a property and the renovation costs, Intrust Funding’s Walla Walla rehab loans roll up everything into one loan, for your convenience.
AirBnB Loans for Walla Walla, WA
AirBnB provides the opportunity for real estate investors to list and rent out their real estate investment property for rental income. AirBnB commercial properties in Walla Walla have become a popular option for commercial real estate investors to acquire real estate investments and generate value.
Fix and Flip Loans Walla Walla, 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 Walla Walla 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 Walla Walla, we fund cash-out refi loans every day. Whether you need a longer loan period, want to cross-collateralize investments, or more, our Walla Walla cash out refinance loans are for you.
BRRRR Method in Walla Walla, Walla Walla 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 Walla Walla for commercial real estate investors looking to capitalize on the BRRRR method.
Walla Walla, WA
Walla Walla is the largest city and county seat of Walla Walla County, Washington, United States. It had a population of 34,060 at the 2020 census, estimated to have decreased to 33,927 as of 2021. The population of the city and its two suburbs, the town of College Place and unincorporated Walla Walla East, is about 45,000.
Walla Walla is in the southeastern region of Washington, approximately four hours away from Portland, Oregon, and four and a half hours from Seattle. It is located only 6 mi (10 km) north of the Oregon border.
Walla Walla County
Walla Walla County is a county located in the U.S. state of Washington. As of the 2020 census, its population was 62,584. The county seat and largest city is Walla Walla. The county was formed on April 25, 1854 and is named after the Walla Walla tribe of Native Americans.
Walla Walla County is included in the Walla Walla, WA Metropolitan Statistical Area. The Walla Walla MSA is the second smallest metropolitan area in the United States, after the Carson City, Nevada MSA.
Walla Walla is located in the Walla Walla Valley, with the rolling Palouse hills and the Blue Mountains to the east of town. Various creeks meander through town before combining to become the Walla Walla River, which drains into the Columbia River about 30 miles (50 km) west of town. The city lies in the rain shadow of the Cascade Mountains, so annual precipitation is fairly low.
According to the United States Census Bureau, the city has a total area of 12.84 square miles, of which 12.81 square miles is land and 0.03 square miles is water.
Walla Walla has an unemployment rate of 5.8%. The US average is 6.0%.
Walla Walla has seen the job market increase by 2.2% over the last year. Future job growth over the next ten years is predicted to be 37.4%, which is higher than the US average of 33.5%.
Transportation to Walla Walla includes service by air through Walla Walla Regional Airport, several railroads, and highway access primarily from U.S. Route 12. The Washington State Department of Transportation is engaged in a long-term process of widening this road into a four-lane divided highway between Pasco and Walla Walla, with major portions scheduled to be complete in 2022. The highway also acts as the main gateway to Interstates 82 and 84, which run to the west and south, respectively. State Route 125 runs through the city, north to State Route 124 in Prescott and south to Milton-Freewater, Oregon, becoming Oregon Highway 11 at the state line.
Hard Money Loan Example Walla Walla, 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.