We offer several loan programs to meet your financial needs. We specialize in properties located in the greater Puget Sound region. All loan requests must be backed by real estate equity. A fair market value of your property will need to be determined in order to determine the maximum loan amount we can offer. Criteria such as an appraisal, tax assessed value, comparables and recent purchase price will help us determine the value. Other factors such as property improvements, active permitting, land entitlement and your business plan will also be considered.
A traditional refinance of an existing loan is our most common loan request. Cash out refinance would also fall into this category of loan.
The purchase of a new investment property is commonly requested. In most of these requests we will need to show that the property has sufficient equity to support the loan. This can be achieved in several ways. A cash down payment or additional property as security are the most common. In some cases a borrower is able to secure a purchase price under market value. Another way is when a borrower can demonstrate added value to the property. This is usually achieved when someone has been able to entitle a permit on the site or find a highest and best use for the project.
A construction loan is underwritten to last for only the length of time it takes to construct the home (about 12 months on average), and you are essentially given a line of credit up to a specified limit, and you submit “draw requests” to your lender, and only pay interest as you go.
LEGAL DISCLAIMER: All loan requests must be for a business purpose and not for household, family or personal use. The term rates and fees are determined by the loan request and business plan and are subject to change at any time. This is not a commitment for financing. All loan requests are subject to the determination of our evaluation of the proposal and request made by borrower. Oral contracts are not enforceable in the state of Washington.