Washington State Hard Money Lenders for Real Estate Investors

ARCH Loans, a private lender, simultaneously funded two hard money loans in 1st lien position for a productive house flipper in Grays Harbor County, WA. A cash-out refinance of an existing $285,000 loan on a current asset enabled the purchase of a fantastic fixer-upper in the Seattle area. This Borrower was initially short on funds to close the project they had under contract located in the suburbs of Seattle. We provided the cash-out of his equity, which was just what was needed to complete the acquisition and rehab for his new project. With some creative deal structuring, ARCH was able to fund both transactions for the Borrower. This SFR hard money loan was funded in October 2019.

ARCH Loans, a private lender, funded an $89,000 1st lien position fix and flip loan for a single-family home in Sedro-Woolley, WA. Sedro-Woolley is a small rural city in Skagit County approximately 60 miles north of Seattle. The Borrower is an experienced flipper who found this opportunity and set a goal for us to fund his project in 5 business days. ARCH was able to meet that goal and provided the Borrower with 100% of his purchase cost within one week. The renovation budget was $45,000 and the after-repair value was estimated at $215,000. The loan term was set at 6 months, but the structure of the loan allows the Borrower the flexibility to prepay with no penalty if the project is completed ahead of time or extend the loan for a small fee should he need it. This SFR hard money loan was funded in July 2019.