Washington Bridge Lenders for Residential Properties
Are you seeking a bridge loan secured by residential property in Washington? On this page you'll find a list of select bridge lenders for Washington investment properties with 1 to 4 units. To get a 1st lien bridge loan, you must have at least 30% equity. Due to state laws and regulations, it's not possible to get a bridge loan for a homestead (owner-occupied primary residence) or 2nd home. Change the loan type to 'Residential Owner-Occupied' to find some alternative lending options.Searching...
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Arch Loans
Low and High Leverage Options, up to 90% of purchase price for fix & flip
Lima One Capital
The Nation's Premier Lender for Real Estate Investors
Center Street Lending
Smarter Loans for Residential Property Investors
Nationwide Mortgage
Outstanding Service for Investment Property Bridge, Rehab, Rental, and Construction Loans
RCN Capital
Direct Lender for Residential Fix & Flip, Long-Term Rental, Bridge Loans
LendingOne
Rental, Fix & Flip, Construction & Multifamily Bridge Loans Nationwide
Gelt Financial, LLC
Creative Private Financing for Commercial Real Estate since 1989
Stormfield Capital, LLC
Direct Balance-Sheet Lender for Investment Properties
Kiavi
Servicing 12,000+ Real Estate Investors Across the Country
American Heritage Lending
Direct Lender for Residential Real Estate Investors Nationwide
Precision Capital
We Are In The Business of "YES"
Rain City Capital
Quick, Simple, Reliable Direct Lender for Real Estate Investors
KECO Capital, LLC
Funding for Investors By Investors
HouseMax Funding
Hard Money Loans to Fund Your Next Big Project
Park Place Finance
Nationwide Direct Private Lender for Residential Real Estate Investors
Easy Street Capital
Direct Lender for Residential Flips and Rentals
Yieldi LLC
Direct Lender for Investment Properties - Bridge, Rehab, Construction
Conventus
We Fund Fast While Providing Excellent Service and Competitive Pricing
Washington Bridge Loan Interest Rates
According to the loan documents software company, Lightning Docs, the average interest rate for Washington bridge loans in the 1st quarter of 2024 was 11.38%. The average loan amount was $709,258. These stats are the average of 53 short-term loans (including rehab and ground-up construction loans) funded for properties in Washington between January 1, 2024 and March 31, 2024 by multiple bridge lenders that use Lightning Docs as their preferred software provider to prepare loan documents.
According to private lending data provider, Analytics Logics, the average interest rate for bridge loans secured by residential investment properties in Washington in the 1st quarter of 2024 was 11.06%. Lenders charged an average of 2.3% points (origination fee). The average LTV (loan-to-value) for bridge loans in Washington was 67%, and the average loan amount was $422,470. These stats are the average of all the loans which were funded between January 1, 2024 and March 31, 2024 by the many private lenders who use Liquid Logics’ loan origination software to manage their lending operations.
Top 10 Washington Bridge Loan Lenders
According to Forecasa™, here are the Top 10 Bridge Lenders ranked by the number of bridge loans originated in Washington in the last 12 months from March 2024.
- Eastside Funding
- Rain City Capital
- Legacy Group Capital LLC
- Bellevue Funding LLC
- Veristone
- Kiavi
- Certain Lending Inc (Vontive)
- Intrust Funding
- Blueprint Capital REIT Inc
- Merchants Mortgage and Trust Corporation
Forecasa™ provides analytics data for Washington bridge loans on a quarterly basis. You’ll find their top lenders data for many other states on our platform.
Funded Bridge Loans in Washington State
Refinance Bridge Loan for Waterfront SFR in Bellevue, Washington
$5,800,000
Avatar Financial Group, a direct private money lender based in Seattle, funded a $5,800,000 1st lien position bridge loan to refinance a residential investment property in Bellevue, WA. The previous mortgage was coming due, and the Borrower was seeking a short-term bridge loan to fund quickly. Avatar’s bridge loan helped avoid costly penalties from the previous lender and provided additional time to seek long-term conventional financing. We were able to refinance the property in one week. The interest rate was 7.75% with a loan term of 12 months. The loan-to-value was just 51% which is a very conservative LTV for us. The subject property is located within one of the most expensive zip codes in the United States, with over 137 feet of waterfront. This bridge loan was brought to us by a mortgage broker, and we paid a commission of $29,000. This residential property bridge loan was funded in November 2019.