West Richland Hard Money Lenders
Intrust Funding is a West Richland real estate hard money lender providing commercial real estate loans to investors in Benton 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
West Richland Hard Money Loans
The real estate market in West Richland has everyone talking, especially in the private lending world. Private investors looking for West Richland commercial real estate choose us for buy & hold and fix and flip projects in Benton 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. 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.
West Richland, WA, Real Estate Marketing Data
View up-to-date data for West Richland’s real estate market.
Real Estate Investment Loans for West Richland, WA
As leading money lenders for residential in West Richland, we are known for our simple short term 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 private money 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 commercial real estate loans to acquire a property, renovate an investment, or as a cash-out refi 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 Benton County. Similarly, our flat 1% interest rate per month attracts investors all over Washington state. Intrust Funding is a leading hard money lender in the city of West Richland, with the ability to provide real estate investors with funding in as a little as 48 hours.
West Richland 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 West Richland, Washington, trust Intrust Funding to give them the best deals in Benton County.
Rehab Loans for West Richland Real Estate
For West Richland real estate investors who need hard money to fund both the acquisition of a property and the renovation costs, Intrust Funding’s West Richland rehab loans roll up everything into one loan, for your convenience.
AirBnB Loans for West Richland, WA
AirBnB is a service that connects people with commercial real estate investors who are willing to rent out their rental properties for much less than your average hotel stay. Many real estate investors are using AirBnB commercial real estate properties in West Richland to generate passive income and grow their portfolios.
Fix and Flip Loans West Richland, 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 West Richland 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 West Richland, we fund cash-out refi loans every day. Whether you need a longer loan period, want to cross-collateralize investments, or more, our West Richland cash out refinance loans are for you.
BRRRR Method in West Richland, Benton 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 rental properties. For real estate investors in West Richland, Intrust Funding has become a popular real estate hard money lender on BRRRR projects.
West Richland, WA
West Richland is a city located in Benton County, Washington. It neighbors the city of Richland. The 2008 population is 10,857 people. The city is generally included in the Tri-Cities (for purposes of counting population, etc.), even though that technically makes four cities (along with Kennewick, Richland, and Pasco).
The original people of the region were the Chemnapum Indians (closely related to the Wanapum tribe), living near the mouth of the Yakima River. Lewis and Clark passed through the area in 1805, and an expedition of the Army Corps of Topographical Engineers headed by Robert E Johnson mapped the Yakima Valley in 1841.
Benton County is a county in the south-central portion of the U.S. state of Washington. As of the 2020 census, its population was 206,873. The county seat is Prosser, and its largest city is Kennewick. The Columbia River demarcates the county’s north, south, and east boundaries.
Benton County was created from what were then larger versions of Klickitat County and Yakima County on March 8, 1905, and was named after Missouri statesman Thomas Hart Benton.
West Richland is located at 46°17′32″N 119°21′16″W (46.292085, -119.354417). According to the United States Census Bureau, the city has a total area of 22.12 square miles (57.29 km2), of which, 21.92 square miles (56.77 km2) is land and 0.20 square miles (0.52 km2) is water.
West Richland has an unemployment rate of 5.9%. The US average is 6.0%.
West Richland has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 40.1%, which is higher than the US average of 33.5%.
As of the census of 2010, there were 11,811 people, 4,145 households, and 3,253 families living in the city. The population density was 538.8 inhabitants per square mile (208.0/km2). There were 4,298 housing units at an average density of 196.1 per square mile (75.7/km2). The racial makeup of the city was 90.3% White, 0.8% African American, 1.2% Native American, 1.9% Asian, 0.2% Pacific Islander, 2.4% from other races, and 3.2% from two or more races. Hispanic or Latino of any race were 7.1% of the population.
Hard Money Loan Example West Richland, 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.