Hard Money Lenders Washington State

Washington State Hard Money Loans for Fix and Flips and Ground Up Construction

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Washington State

Fix & Flip Loan

Sample Deal

Loan Amount: $1,089,100

90% of Purchase + 100% of Rehab

Rate 10.75%
12 Months

Points 2.0%
14 Days to Close

Why We’re The Best Hard Money Lender In Washington State

We pride ourselves on being one of the best Washington State hard money lenders for Fix and Flips, GUC, Rentals, and Multifamily investments.

Competitive Terms

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We provide competitive Terms on Washington State investment property loans.
Washington State Fix and Flip Loan Rates range from 10.5%-11.25% and a 1.5%-2.99% Origination Fee. DSCR Loan Rates range from 6.5% to 7.99% and 1.0% Origination Fee.

See our Loan Products Section for a detailed pricing breakdown of each Washington State loan product.

Simple Online Application

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Real Estate investors can apply online, get pre-approved, or schedule a call in 2 minutes. Working with Ridge Street is simple and fast.

Start your simple online application today. Learn More

Quick Turn Around

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Our team is always available to take your call. If you submit a Quick Application or a Pre-Approval Application we’ll get back to you within 1 business hour. We can fund your project in 7 days.

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Reliable Financing

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Integrity and honesty are the foundations of our business. When we commit to a loan, we make sure you close on time.”

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Washington State Hard Money Loan Products

Washington State Fix and Flip Loans

Funding For Purchase + Rehab

$50,000 up to $3,000,000

Interest Rate 10.5%-11.25%

Origination Fee From 1.5%

Up to 90% of Purchase and 100% of Rehab

Fix and Flip Loans For Beginners Allowed

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Get Approved Online

Washington State DSCR Loans

30 Year DSCR Loans For Rental Properties

Up to $2,000,000

Interest Rate 6.75%-7.99%

Origination Fee From 0.5%

Up to 80% of LTV

Short Term Rentals and Long Term Rentals

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Get Approved Online

Washington State Ground Up Construction

For New Builds and Construction Completion

Up to $3,000,000

Interest Rate 10.99%-12.25%

Origination Fee From 2.0%

Up to 75% of Purchase and 100% of Construction

Up to 90% of LTC

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Get Approved Online

WAshington State Hard Money Loan process

Our lending process for Washington State investment properties is simple and quick. Ridge Street closes loans in as little as 7 business days.

Apply Or Get Pre-Approved Online

~ 2mins

Fill out a 2 Min Quick App with info about your Washington State based project. We need some preliminary information so that we can accurately evaluate your deal.

If you’re looking to be pre-approved so that you can find your next deal or you’d like to get more info from one of our team members, select an option below.

Request A Term Sheet | Get Pre-Approved | Schedule A Call

Hard Money Loan Process Step 2 Container

Receive your term sheet

~ 2mins

Once we have your completed application, we’ll email you the term sheet and give you a call to provide confirmation.

Hard Money Loan Process Step 3 Container

Submit Docs

~ 1-7 days

Once you’ve accepted the Loan Terms, we’ll collect your remaining documents and begin underwriting the loan. We have a low document program with no income statement documentation.

Appraisal or BPO

~ 2-7 days

Once you've submitted your documents, an appraisal will be ordered and completed In 2-7 days.

Hard Money Loan Process Step 5 Container

Closing

~ 1-3 days

Once we have the completed document package, we'll schedule your closing within 1-3 business days.

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Featured Washington State Hard Money Loan

State

Loan Type

Loan Amount

Loan Amount (if applicable)

Rate

Points

Washington State Deal Summary

This 2-bedroom, 2-bathroom property in Seattle's Ballard neighborhood was purchased by a 2nd time investor transitioning from residential real estate sales to value-add property investment. The investor identified the off-market opportunity through a local contractor connection and leveraged Ridge Street Capital's financing to move quickly. With $140,000 allocated for modern updates, including a kitchen overhaul and energy-efficient upgrades, the investor aimed to meet the preferences of Ballard's growing population of young professionals with this starter home.

‍Key Highlights:

Flexible Financing: Ridge Street Capital funded 85% of the purchase price and 100% of the $140,000 rehab budget.
Fast Closing: Closed within 14 days, ensuring the investor secured the deal quickly.
Targeted Improvements: The upgraded property aligned with Ballard's demand for stylish, move-in-ready homes.

Get Approved Online

What are hard money loans used for in Washington State?

Washington State

1. Seattle

2. Tacoma

3. Spokane

What are Hard Money Loans Used For In Washington State?

Real Estate Investors in Washington State use hard money loans to purchase, rehab, and construct investment properties.
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A hard money loan is an “asset-based” loan in which the loan amount is based on the as-is value and after repair value of a property as well as the credit scores of the borrowing company’s owners.
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Hard money loans allow Washington State real estate investors to secure financing for fix and flips, ground-up construction, and rental properties through an LLC or a Corp without using their personal income.
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For most hard money loans, investors will have to bring a 10%-20% down payment and can use the hard money loan to finance the remainder of their project.
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As Washington State real estate investors acquire more experience, hard money lenders like Ridge Street will increase their leverage and require less cash at the closing table.

Get Approved Online

Real Estate Investors in Washington State use hard money loans to purchase, rehab, and construct investment properties.
‍
A hard money loan is an “asset-based” loan in which the loan amount is based on the as-is value and after repair value of a property as well as the credit scores of the borrowing company’s owners.
‍
Hard money loans allow Washington State real estate investors to secure financing for fix and flips, ground-up construction, and rental properties through an LLC or a Corp without using their personal income.
‍
For most hard money loans, investors will have to bring a 10%-20% down payment and can use the hard money loan to finance the remainder of their project.
‍
As Washington State real estate investors acquire more experience, hard money lenders like Ridge Street will increase their leverage and require less cash at the closing table.

Get Approved Online

Best Cities To Invest In Real Estate
In Washington State

Seattle, WA

Seattle’s fix and flip market offers solid potential, especially in neighborhoods like Ballard, West Seattle, and Capitol Hill, where demand for updated homes remains strong. Median home prices are higher than most Washington cities, but Seattle’s strong job market and limited housing supply help sustain property values. For investors, targeting homes with outdated interiors or adding ADUs can improve margins. Renovations that emphasize energy efficiency and modern design trends also tend to attract higher offers. Given Seattle’s competitive market, securing fast financing can provide an edge when bidding on properties with strong resale potential.

Get a loan In Seattle

Tacoma, WA

Tacoma offers a more affordable entry point for fix and flip investors compared to Seattle, with lower median home prices and steady demand driven by commuters and local buyers. Neighborhoods like North End, Stadium District, and Hilltop are popular targets for investors due to their walkability and growing appeal. Investors can often find older homes with solid structures that need cosmetic updates, providing strong value-add potential. Renovations that enhance curb appeal, modernize kitchens and bathrooms, and improve energy efficiency tend to deliver the best returns. Tacoma’s market is competitive but less intense than Seattle, giving investors more flexibility with timelines and renovation strategies.

Get a loan In Tacoma

Spokane, WA

Spokane’s affordable home prices and strong rental demand make it an excellent market for both fix and flip investors and those using the BRRRR strategy. Investors can often acquire older properties in neighborhoods like South Hill, Garland District, and Shadle Park at relatively low prices, then add value through strategic renovations. Cosmetic updates, modernizing interiors, and improving curb appeal tend to yield solid returns in Spokane’s cost-conscious market. For BRRRR investors, Spokane’s stable rental demand makes it easier to secure long-term tenants and refinance to pull equity out for future investments. This combination of affordable entry costs and reliable rental income makes Spokane a compelling option for the fix and refinance strategy.

Get a loan in Spokane, WA

Frequently Asked Hard Money Loan Questions

How do I qualify for a hard money loan in Washington State?

To qualify for a hard money loan in Florida with Ridge Street you need:

A Credit Score of 640+
A profitable deal with at least a 10% ROI
An LLC or a Corporation Registered In Washington State

What types of properties can I finance with a hard money loan in Washington State?

Ridge Street finances the following property types:

Residential 1-4 Units
Multifamily 5-50 Units
Commercial (Select properties)

What are the interest rates and terms for hard money loans in Washington?

“Depending on the sponsors experience and credit profile Rates Range from 10.5%-11.5%. Ridge Street’s median rate for a hard money loan on a fix and flip in Washington State is 10.75% interest only with no pre-payment penalty.

How fast can I get a hard money loan in Washington State?

Ridge Street closes hard money loans in as little as 10 days.

Are there any state-specific regulations for getting a hard money loan in Washington State?

Ridge Street’s hard money loans are business purpose loans. This means that we can only lend to borrowers with entities (LLC or Corp) registered in Washington State.

Can I use a hard money loan to finance a fix and flip in Washington State?

Absolutely. This is the main use of a hard money loan in Washington State.

What is the loan-to-value (LTV) ratio for a hard money loan in Washington State?

There are a number of ratios that Ridge Street uses to determine the Loan Amount. Put simply, for a first time investor we finance up to 80% of the Purchase + 100% of the Rehab. For an experienced investor, we finance up to 90% of the Purchase + 100% of the Rehab.

Can I use a hard money loan to finance a rental property in Washington?

You can use a hard money loan to purchase and renovate a rental property. You can then refinance with a DSCR Loan. If the property is rent ready at purchase, there is no need for a hard money loan and you can go straight into DSCR financing.

Other Resources You’ll Like

November 9, 2024

Fix and Flip Calculator

Use this Fix and Flip Calculator to analyze the profit of your next fix and flip project.

August 18, 2024

DSCR Loan Calculator

Calculate the DSCR of your rental property with our interactive DSCR Calculator Tool.

July 9, 2024

Best Fix and Flip Loans for First-Time Investors

What makes a good Fix and Flip Loan for a first time investor and how to secure this capital?

Hard Money Lenders Washington State

Why We’re The Best Hard Money Lender In Washington State

Competitive Terms

Simple Online Application

Quick Turn Around

Reliable Financing

Washington State Hard Money Loan Products

Washington State Fix and Flip Loans

Washington State DSCR Loans

Washington State Ground Up Construction

WAshington State Hard Money Loan process

Apply Or Get Pre-Approved Online

Receive your term sheet

Submit Docs

Appraisal or BPO

Closing

Featured Washington State Hard Money Loan

Washington State Deal Summary

What are hard money loans used for in Washington State?

Washington State

What are Hard Money Loans Used For In Washington State?

Best Cities To Invest In Real Estate In Washington State

Seattle, WA

Tacoma, WA

Spokane, WA

Frequently Asked Hard Money Loan Questions

How do I qualify for a hard money loan in Washington State?

What types of properties can I finance with a hard money loan in Washington State?

What are the interest rates and terms for hard money loans in Washington?

How fast can I get a hard money loan in Washington State?

Are there any state-specific regulations for getting a hard money loan in Washington State?

Can I use a hard money loan to finance a fix and flip in Washington State?

What is the loan-to-value (LTV) ratio for a hard money loan in Washington State?

Can I use a hard money loan to finance a rental property in Washington?

Other Resources You’ll Like

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Fix and Flip Calculator

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Best Fix and Flip Loans for First-Time Investors

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Best Cities To Invest In Real Estate
In Washington State

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