Your Experience with Hard Money Lenders in the Seattle Area

[Sherief Elbassuoni]

Hi All,

What is your experience with hard money lenders here in the Seattle area?

I am trying to find a lender that works in both single and Multi-family houses for my next deal.

Please let me know if you have a recommendation for someone you worked with. 

Another question: I heard good things about "Veristone" and "Eastside funding", any of you worked with them?

Thanks!

[Nghi Le]

I've borrowed from both of the lenders you mentioned (and a lot more).  Hard money is very competitive here in WA, which means you have a lot of choices.  If you're shopping around for different hard money options, this video may be helpful in your decision making.  You need to narrow down what's more important to you first because there is no one-size-fits-all lender.

Keep in mind that an investor's experience with a lender pre-COVID can be completely different than now, especially those lenders that stopped lending in April/May and have started coming back.  Just about every lender now has new terms, new underwriting guidelines, and potentially even new (or reduced) staff.