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Updated over 3 years ago on . Most recent reply

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1,484
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Adrian Chu
  • Real Estate Broker
  • Seattle, WA
425
Votes |
1,484
Posts

Best Hard Money Rate/Terms in State of Washington

Adrian Chu
  • Real Estate Broker
  • Seattle, WA
Posted

Doing some research on hard money lenders in WA.  The most common I have seen are 2-4% fee, 1-9 month term, 12% interest price point.

The best rates/terms I have found for Washington is:

2% + $1495 fee, 4-12 month term, 9.5% interest

Have you found anything better?

Most Popular Reply

User Stats

16
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6
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Chris Keil
  • Rental Property Investor
  • Tacoma, WA
6
Votes |
16
Posts
Chris Keil
  • Rental Property Investor
  • Tacoma, WA
Replied
Originally posted by @Charlie Fitzgerald:

We do not require appraisals, and we do not fund in 5-7 business days.  We fund in 4-7 days from the time we have everything form the borrower, the title company and the insurance company for the borrower that we need to do so.  Ordinarily, the entire process without any hiccups will take 11-21 days from start to finish. 

 Thats some great info. How can we connect if we want more information from you?

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