Hard Money Lending Washington

Your Fix and Flip, New Construction, Cash Out/Refinance Hard Money Lending Partner in Washington

As the premier private hard money lenders in NJ, Alpha Funding controls its own funds, enabling fast financing with prequalification within 24 hours and loan closings in as little as 7-10 days. We offer 12-month, interest-only bridge financing for the following programs: Fix and Flip, New Construction, Rental Property Financing, and short-term Cash Out/Refinance. Additionally, we provide term rental loans for buy-and-hold investors.

Your Lender for Private Hard Money Loans in Washington

Alpha Funding should be your top choice for private, hard money lending in Washington. As a direct lender, we partner with real estate investors throughout Washington, from Seattle to Spokane. We are currently lending in cities and counties such as King, Pierce, Snohomish, Spokane, Clark, Kitsap, and Thurston, offering flexible, fast financing solutions tailored to meet the needs of Washington’s dynamic real estate market.

We provide financing solutions for both beginner and experienced investors in Washington, focusing on non-owner-occupied residential real estate purchases, renovations, and rehabs.

With a dedicated Loan Officer serving Washington and strong local relationships with area service providers, Alpha Funding can connect you with a trusted network of community businesses to support your project from start to finish.

Get Prequalified Today!

Prequalify for your loan today or call us at (908) 900-4894. Receive preliminary approval for hard money in Washington within 24 hours and start your next project with confidence:

Matthew Weber

Chief Revenue Officer

Sebastian Viera

Junior Business Development Coordinator

your vision. our capital.

Have Questions?

If you have any questions or want to discuss an upcoming opportunity please call us and one of our team members will be glad to you assist you.

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Local Information for Washington Real Estate Investors

Washington real estate has experienced significant growth in recent years, as the state’s strong economy has attracted many new residents. From 2021 to 2022, the state’s population increased by 83,300, nearly a 50% rise compared to the previous year. This influx of new residents has created demand for local real estate, driving up housing prices, much to the benefit of real estate investors. By November 2022, the average home sale price reached $567,000, marking a 1.5% year-over-year increase. Homes are spending an average of 29 days on the market, indicating a fast-moving sales environment that benefits fix-and-flip investors as well as residential new construction projects. In November 2022, 6,673 homes were sold, which is a decline from the previous year, highlighting the ongoing shortage of available housing inventory due to high demand.

There are currently just 5,309 homes for sale in Washington, representing only a two-month supply of inventory, whereas a healthy market typically has at least a three-month supply. These market conditions offer opportunities for real estate investors, as fix-and-flip investors thrive in fast-moving markets, while developers focused on new construction can help fill the inventory gap and capitalize on heightened demand by selling at premium prices.

Recommended Cities for Washington Real Estate Investments

Alpha Funding is an expert in the Washington real estate market, constantly analyzing trends to provide the best possible loan terms for our borrowers. Using data from Redfin, public town records, and local news sources, we’ve identified several Washington cities that present prime opportunities for real estate investors:

Seattle

As hard money lenders in Seattle, WA, we understand that this city is one of the best places to invest in real estate. With major tech headquarters like Microsoft and Amazon driving thousands of high-paying jobs to the metro area, Seattle’s real estate market remains a hotspot. By November 2022, the average home sale price reached $810,000, a 5.2% increase from the previous year. While the number of homes sold is down, due to limited inventory caused by high demand and a lagging new construction market, Seattle’s rental market continues to thrive. More than 55% of residents rent rather than own, with average monthly rent hitting $2,334. Between the need for new construction and high-value rental properties, real estate investors can expect significant returns in Seattle’s growing market.

Tacoma

Located south of Seattle along the water, Tacoma is an emerging real estate market ripe with opportunity. The average home sale price reached $450,000, a 3% increase from the previous year. Homes are spending an average of 26 days on the market, making it another fast-moving Washington real estate market. With a lower price point compared to Seattle and quick turnover, fix-and-flip investors can find profitable opportunities in Tacoma. The market is competitive, with over 30% of homes selling above their listing price. Additionally, there is significant demand for new multifamily housing, with an estimated 45,000 new units needed by 2040 to meet the growing demand. Builders and developers are poised for success in this expanding construction market. If you’re interested in this growing market, contact the hard money lenders Tacoma real estate investors trust.

Spokane

Located near the eastern border of Washington, Spokane is another city with promising opportunities for real estate investors. The average home sale price reached $365,000, marking a 7% increase from the previous year. Homes spend an average of just 22 days on the market, signaling a fast-moving market. With the lowest average home price of the cities listed here, Spokane offers excellent potential for fix-and-flip investments. The inventory is limited, so it’s crucial to work with a reliable hard money lender in Spokane to ensure you can close deals quickly and capitalize on the market’s momentum.

In Washington’s thriving real estate market, Alpha Funding can provide the hard money loans needed to succeed in fix-and-flip projects, new construction, and more. Whether you’re investing in Seattle, Tacoma, Spokane, or another city, our hard money lending solutions help you move fast and close deals with confidence.

Loans For Washington New Construction

Alpha Funding is proud to partner with experienced builders & developers as their financing for new construction investments. Investors can use these 12-month interest-only bridge loans to finance up to 85% of purchase and 100% of construction costs for their project. Alpha Funding provides these Washington hard money loans to investors that have a proven track record of successful residential new construction, offering a variety of options including maximum leverage, lower interest rates, zero points, or other tailored solutions. As direct private lenders in Washington State, we\u2019re able to provide flexible loans that are aligned with your specific business strategy, as long as it fits our criteria. Whether you\u2019re looking to finance the ground-up construction of single-family or multifamily projects, Alpha Funding is ready to discuss your upcoming deals. Click to learn more about our Washington construction loans.

Washington New Construction Investment Info

The lack of housing supply in Washington is a major reason why the real estate markets are experiencing significant growth, particularly in residential new construction. More than 22,000 residential permits were issued throughout 2022, with a strong focus on multifamily homes to meet the ongoing demand from young families and professionals seeking rental properties. Most new construction projects are concentrated in the northwest and eastern parts of the state, with a focus on the Tacoma and Spokane metro areas. The Seattle metro area is also booming with new construction, as it serves as the state\u2019s capital and economic hub. Multifamily projects of four or more units are on the rise throughout this city, with renting becoming more popular and long-term due to the limited availability of homes for purchase. Alpha Funding can finance the construction of both single-family and multifamily homes, providing fast and reliable hard money lending for these investment projects.

Choosing Alpha Funding For New Construction Loans

When it comes to fast and reliable funding, Washington real estate investors trust Alpha Funding. Our track record speaks for itself, with more than half of our borrowers returning for repeat business and over $1.4 billion in loan origination since our inception. We have fully in-house teams managing the entire loan process, ensuring five-star service from start to finish. Alpha Funding approves loans as quickly as 24 hours and closes loans in as little as two days with the appropriate paperwork. This streamlined, doc-light approach to new construction financing enables real estate investors to scale their business faster and with minimal hassle. With Washington\u2019s real estate market continuing to thrive and low housing inventory affecting the most popular areas, now is the perfect time for builders and developers to capitalize on outside financing. By using hard money loans to fund their projects, they can act quickly and leverage current market conditions to their advantage. Alpha Funding maintains a transparent lending process with no prepayment penalties or hidden fees, ensuring that you retain more of your earnings. Contact us today to be approved for your Washington new construction loan.

Loans for Washington Rental Property

Alpha Funding offers straightforward and dependable Washington rental loans. These term rental loans are designed for buy-and-hold investors who want to secure properties between 1-8 units or refinance an entire rental portfolio. We provide competitive terms with rates starting as low as 5% and leverage up to 80% LTV. Our objective is to offer the most flexible rental loan options, including 30-year amortization, ARM, and interest-only options. Alpha Funding offers a variety of rental loan structures, with single rental loans up to $3 million and rental portfolio loans up to $3 million. These loans are available to investors of all experience levels, and each deal is assessed based on the income-producing potential of the property. We also provide the opportunity to use our bridge program for property rehab or ground-up construction before transitioning into a long-term rental loan, making Alpha Funding a one-stop solution for Washington real estate investors. Click to learn more about our rental loan programs.