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Washington Hard Money

If you can’t wait to invest in profitable Washington deals, you’ve come to the right place. Do Hard Money funds hard money loans fast for your next real estate investing deal or refinance property in the Evergreen State.

Do Hard Money will approve your asset-based loan completely by assessing the property not you as the borrower. A true hard money lender will base your loan approval on the investment property and the overall quality of the deal. Once we’ve evaluated the property, the LTV (loan to value) ratio of the deal will determine your loan amount. This loan amount, combined with our gap funding resources, can make it possible for you to get 100% Financing on your deal.

We’ve had great experiences with real estate investors in Washington, we like doing business there. Watching our members and borrowers find investing success with their fix and flip deals not only makes us money, but brings us all, our whole team, a sense of satisfaction that drives us to fund more deals.

We’d love for you to be our next Washing real estate investing success story!

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I must say that my experience with this company was very good. I got answers to all my questions and got very professional advice. Most importantly, they kept their promises and I was aware of all my costs and charges right from the beginning. This deal was a win-win situation and all of us made a nice profit.

Howard R, Seattle, WA

Loan Terms

Due to excellent market conditions, we are able to offer state-specific loan terms for the state of Washington.

100% Financing
YES

If your deal is good enough we will cover 100% of the purchase price, rehab, and closing costs, points & interest.

LTV Basis
ARV

Our max loan amount is based on the after repair value, not the current value or purchase price. If the numbers line up, we will fund it.

Maximum LTV
70%

We lend up to 70% of the ARV. We will fund everything but earnest money as long as it fits within 70% of the ARV.

Max Loan Amount
$250K

Our max loan amount is $250,000. For the markets we currently lend in, we’ve found this to be the sweet spot for real estate investing.

Minimum ARV
$70K

Our minimum ARV to lend on a property is $75,000. If it’s less than that there is just not enough profit to make it worth the effort for either party.

Multiple Deals
YES

Yes. We allow you to do 3 deals at a time, enabling you to stay busy and rake in even more profit at a faster pace.

Interest Rate
1.25%/MO

Our interest rates of 1.25 – 1.50% per month fall pretty middle of the road. We are not the cheapest, nor the most expensive, but our 100% financing options allow you to leverage our money.

Origination Points
5.5%

We take on significant risk in offering 100% financing and our points of 5.5% – 6.5% is what keeps us in business.

Max Loan Term
5-MONTHS

The default loan term is set at 5 months, but we do allow up to three 1-month forbearance payments equal to 1.0% of the loan if you need more time.

Monthly Payments
NONE

With no monthly payments during the initial loan term you can focus 100% of your time on rehabbing and selling the property.

Minimum Credit
NONE

None. A bad credit score will affect your points and interest, but because we lend on the property’s after repair value it won’t keep you from getting a loan

Min Cash-to-Close
$0.00

We do not require a down payment on the property. If everything fits in 70% of the ARV you can come to the closing table with $0.00.

Pre-Pay Penalty
NONE

With no pre-payment penalty, fixing and flipping the property in a shorter amount of time can only deepen your pockets.

Required Experience
NONE

Many other lenders either won’t lend to you or will jack up their prices unless you have prior experience, but we’re all making profitable real estate investing accessible to anyone.

Gap Financing
ALLOWED

We allow gap financing in the form of business lines of credit to help with cash-to-close when everything doesn’t fit in 70% of the ARV and we can help you get up to $100,000 in as little as 30 days.

Foreclosure Protection
PROPRIETARY

Nobody else looks out for you like we do. We offer proprietary protection that nearly precludes the possibility of a foreclosure on your records even in the worst-case scenario.

Refinancing Available
AVAILABLE

Yes. With traditional lenders limited to strict loan parameters, we focus on equity over borrower financials. This gives you the liquidity needed for your individual situation.

Full Disclosure
YES

Unlike a lot of other lenders who hide the full cost of the loan until it’s too late… we want you to know what you’re getting into and disclose ALL costs upfront.

Recently Funded Deals

Washington Real Estate Market Statistics (2015)

You won’t find a more beautiful state filled with gorgeous forests and national parks than Washington State. With a moderate climate and traditionally safe suburban neighborhoods, Washington is a solid investment when it comes to real estate. In the past year alone, home values have increased 10.5% in the state of Washington. The best time to invest in Washington properties is as soon as possible. Home values are skyrocketing in all areas of this state, particularly close to and within the city of Seattle. Seattletimes.com confirms these facts: “Across Washington, home prices are rising faster than in any state in the country – the first time that’s happened in a quarter-century.”

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Population
0
Housing Units
0
Number of Flips
0%
% Change in Flips

Purchase Price

National Average: $294,600
Washington Metro Areas: $322,775

Gross Margin

National Average: $55,000
Washington Metro Areas: $99,000

Number of Houses Flipped

National Average: 179,778
Washington Metro Areas: 978

% Change in Houses Flipped

National Average: 0.2%
Washington Metro Areas: -3%