Wenatchee Hard Money Lenders
Intrust Funding is a Wenatchee private money lender providing commercial real estate loans to investors in Chelan 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
Wenatchee Hard Money Loans
More than ever, real estate investors are finding great opportunities in the city of Wenatchee. Private investors looking for Wenatchee commercial real estate choose us for buy & hold and fix and flip projects in Chelan 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. 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.
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Wenatchee, WA, Real Estate Marketing Data
View up-to-date data for Wenatchee’s real estate market.
Real Estate Investment Loans for Wenatchee, WA
As leading private lenders for real estate in Wenatchee, 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 commercial real estate 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 commercial real estate 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 Chelan County. Similarly, our flat 1% interest rate per month attracts investors all over Washington state. At Intrust Funding, we provide cash on hand, hard money loans, with no money out of pocket, to investors in the city of Wenatchee.
Wenatchee 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 Wenatchee, Washington, trust Intrust Funding to give them the best deals in Chelan County.
Rehab Loans for Wenatchee Real Estate
For Wenatchee real estate investors who need hard money to fund both the acquisition of a property and the renovation costs, Intrust Funding’s Wenatchee rehab loans roll up everything into one loan, for your convenience.
AirBnB Loans for Wenatchee, WA
AirBnB is a service that connects people with commercial real estate investors who are willing to rent out their commercial properties for much less than your average hotel stay. Any commercial real estate investor will tell you that an AirBnB commercial real estate property in Wenatchee offers a great return on investment as a short term rental during holidays, vacations, and getaways.
Fix and Flip Loans Wenatchee, 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 Wenatchee 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 Aberdeen, we fund cash-out refi loans every day. Whether you need a longer loan period, want to cross-collateralize investments, or more, our Aberdeen cash out refinance loans are for you.
BRRRR Method in Wenatchee, Chelan 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 properties. For real estate investors in Wenatchee, Intrust Funding has become a popular hard lender on BRRRR projects.
Wenatchee, WA
Wenatchee is the county seat and largest city of Chelan County, Washington, United States.[5] The population within the city limits in 2010 was 31,925,[6] and was estimated to have increased to 34,360 as of 2019.[7] Located in the north-central part of the state, at the confluence of the Columbia and Wenatchee rivers near the eastern foothills of the Cascade Range, Wenatchee lies on the western side of the Columbia River, across from the city of East Wenatchee. The Columbia River forms the boundary between Chelan and Douglas County. Wenatchee is the principal city of the Wenatchee–East Wenatchee, Washington Metropolitan Statistical Area, which encompasses all of Chelan and Douglas counties (total population around 110,884). However, the “Wenatchee Valley Area” generally refers to the land between Rocky Reach and Rock Island Dam on both banks of the Columbia, which includes East Wenatchee, Rock Island, and Malaga.
The city was named for the nearby Wenatchi Indian tribe. The name is a Sahaptin word that means “river which comes [or whose source is] from canyons” or “robe of the rainbow”. Awenatchela means “people at the source [of a river]”. The city of Wenatchee shares its name with the Wenatchee River, Lake Wenatchee and the Wenatchee National Forest.
Chelan County
Chelan County is a county in the U.S. state of Washington. As of the 2020 census, its population was 79,074.[1] The county seat and largest city is Wenatchee.[2] The county was created out of Okanogan and Kittitas Counties on March 13, 1899.[3][4] It derives its name from a Chelan Indian word meaning “deep water,” likely a reference to 55-mile (89 km)-long Lake Chelan, which reaches a maximum depth of 1,486 feet (453 m).
Wenatchee is located at the confluence of the Wenatchee and Columbia rivers in the Columbia Basin, just east of the foothills of the Cascade Range. Irrigation from the Columbia River and its tributaries allows for the large amount of agriculture in Wenatchee and the surrounding areas.
The city of Wenatchee is bordered by the Wenatchee River on the north, the Columbia River to the east, and the Wenatchee Mountains to the south and west. These ridges and peaks form a wall around the western and southern sides of the city. According to the United States Census Bureau, the city has a total area of 8.04 square miles, of which 7.77 square miles is land and 0.27 square miles is water.
Wenatchee has an unemployment rate of 6.1%. The US average is 6.0%.
Wenatchee has seen the job market increase by 1.7% over the last year. Future job growth over the next ten years is predicted to be 36.2%, which is higher than the US average of 33.5%
The city is served by U.S. Route 2 passing by in Sunnyslope, less than a mile north of city limits. U.S. Route 97 also passes north of the city, while State Route 28 passes through East Wenatchee just across the river.
Columbia River can be crossed by three bridges: the Richard Odabashian Bridge and the Senator George Sellar Bridge for motor vehicles, and the Old Wenatchee Bridge for pedestrians.
Hard Money Loan Example Wenatchee, 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.