The real estate market in Yelm has everyone talking, especially in the private lending world. We fund real estate investors looking for a Yelm project to fix & flip or buy and hold. Many of our borrowers, who are also members of Bigger Pockets, follow the BRRRR method for producing long term wealth and passive income. Intrust Funding’s short term loans typically 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.
As leading money lenders for residential in Yelm, we are known for our simple commercial loan qualification process! Prequalifying for a bridge 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 there are disqualifiers for our real estate investment loans. For us to provide funds for the investment, the loan cannot be used to acquire a property at in-person county auctions (although we do provide funds for online auctions), the property must have a free and clear title without any liens, and it must have a septic system in place. We also do not provides funds for land-only deals, unless the land is worth as much as the loan itself. Our loans for residential real estate 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 Thurston 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 Yelm, with the ability to provide real estate investors with funding in as a little as 48 hours.