Where we finance

Hard Money Loans in Washington

Apex Capital Advisors arranges hard money fix and flip, bridge and new construction loans, plus DSCR rental loans, for Washington investors, from a Craftsman renovation in Seattle to a rental near Joint Base Lewis-McChord. Term sheets go out within 12-24 hours.

Discuss your deal All 36 states and Washington, D.C.

Fix & Flip
DSCR Rental
Bridge
New Construction

The lay of the land

Investing in Washington

Washington splits at the Cascades. West of the mountains, the Puget Sound corridor runs from Everett through Seattle, Bellevue and Tacoma to Olympia, with Vancouver on the Columbia River. Older neighborhoods hold Craftsman bungalows, Seattle boxes and Tudors, with ramblers farther out. To the east, Spokane anchors the Inland Northwest, the Tri-Cities sit near the Hanford Site, and the Yakima and Wenatchee valleys grow fruit and hops. Leavenworth, Lake Chelan and the San Juan Islands are vacation areas where buyers look at short-term rentals.

The economy rests on technology, led by Microsoft in Redmond and Amazon in Seattle, on Boeing's plants in Everett and Renton, the ports of Seattle and Tacoma, military bases from Joint Base Lewis-McChord to Fairchild Air Force Base, universities and health care. Weather drives rehab budgets. West-side houses fight rain, so check for rot, mossy roofs and damp crawlspaces, and price a seismic retrofit on older homes. East of the mountains, snow loads, cold snaps and wildfire risk come first.

Loan programs

Loan Programs in Washington

Four ways to finance an investment property in Washington, each sized to the deal rather than a fixed product.

Short-term project capital

Fix and Flip Loans in Washington

Washington flips usually start with an older house with tired systems: a Seattle Craftsman with old wiring, a Tacoma bungalow that needs a kitchen, a Spokane brick home with an aging furnace. Order a sewer scope, and on older west-side houses search for a buried heating oil tank. Hire contractors registered with the state Department of Labor & Industries.

Apex's hard money fix and flip loans fund up to 92.50% of total cost and up to 100% of the rehab budget, with draws released as work is inspected. First-time investors are welcome, and the minimum FICO is 650.

Newbies are welcome
Up to 92.50% Loan to Cost (LTC)
Up to 100% of rehab budget

Fix and flip loan details

Long-term rental financing

DSCR Rental Loans in Washington

DSCR loans fit the rentals Washington investors hold: houses and duplexes near Joint Base Lewis-McChord, homes near Gonzaga and the Spokane hospitals, and townhomes in the Seattle and Vancouver suburbs. Apex qualifies these loans on the property's cash flow, with no traditional employment verification, DSCR as low as 0.75x, 30-year fixed and ARM options, loans from $100K to $3M+ and cash-out refinancing up to 80% LTV. Reaching the full 80% takes a stronger DSCR and credit score than the program minimums, so leverage on each file is set by its DSCR and credit.

Underwrite to state law: Washington caps annual rent increases on existing tenancies, though newer buildings are exempt. Short-term rentals are eligible, but confirm local rules for nightly rentals.

Qualified on the property's cash flow, not your personal income
No traditional employment or personal-income verification
Cash-out refinance LTV up to 80%

DSCR rental loan details

Interim financing

Bridge Loans in Washington

Bridge loans in Washington usually solve a timing problem. A buyer may need to close on a Seattle townhome before another property sells, or buy a rental with a tenant in place, where state law requires a listed cause and advance written notice to end the tenancy. Others use a hard money bridge to buy a vacant Tacoma duplex, finish light work and lease it.

Apex sets bridge terms deal by deal, considers first-time and experienced sponsors, and sends a term sheet within 12-24 hours. Exits are usually a sale or a DSCR refinance.

Structured for transactions that cannot wait
Property in transition, lease-up or repositioning
Terms set deal by deal rather than to a fixed product

Bridge loan details

Ground-up construction

New Construction Loans in Washington

Ground-up work in Washington tends to be infill and edge-of-town building: townhomes and backyard cottages on Seattle lots, duplexes and cottage housing where the state's middle housing law applies, and spec homes in Clark and Spokane counties. Check whether a lot touches a wetland, a steep slope or another critical area, which every city and county must protect, and price the state energy code into the plans.

Apex funds up to 100% of the construction budget, released in stages against inspected progress, and the lot purchase can be included. Approved plans are required before closing.

Up to 100% of the construction budget
Land or lot cost and build budget assessed together
Capital released in stages against construction progress

New construction loan details

Program terms are general guidelines, not a quote or commitment. Every loan is subject to underwriting and approval and is for business purposes only.

Local markets

Where We Finance in Washington

Apex offers loans statewide. These markets are a starting point, not a limit.

Seattle

Seattle's older neighborhoods are full of houses that suit a careful rehab. Ballard, Wallingford, Greenwood and Ravenna are known for Craftsman bungalows, Capitol Hill and Queen Anne for Seattle boxes and grand older homes, and Lake City and other north-end areas for post-war ramblers. Amazon's South Lake Union campus, the University of Washington and the First Hill hospitals draw renters. Small lots are often scraped for townhomes or gain a backyard cottage. Steep lots, buried oil tanks and old side sewers are the usual surprises, and the city requires landlords to register rental housing.

Spokane

Spokane is the hub of the Inland Northwest. The South Hill, just south of downtown, has brick homes, Tudors and Craftsman houses, Browne's Addition has Victorian mansions and older apartment buildings, and the North Side, including the Garland District and Hillyard, runs to bungalows and post-war homes. Gonzaga University, the hospitals on the lower South Hill and Fairchild Air Force Base to the west bring steady renters. Cold winters mean checking roofs, insulation and heating on every flip, and wooded lots on the edge of town carry wildfire risk worth pricing into insurance.

Tacoma

Tacoma sits on Commencement Bay, with the Port of Tacoma on the tideflats and Joint Base Lewis-McChord to the south, so military families, port workers and students rent here. The North End around the Proctor and Stadium districts has Craftsman homes and Victorians, Hilltop and the Eastside have older houses suited to full rehabs, and South Tacoma runs to bungalows and ramblers. Parts of the city lie within the Tacoma Smelter Plume, where old smelter emissions left arsenic and lead in the soil, so check the Department of Ecology's map before you dig.

Vancouver

Vancouver, the Clark County seat, sits on the Columbia River across from Portland, Oregon, and some people who live there commute across the river for work. Hough, Arnada and Shumway near downtown have older Craftsman and bungalow homes that suit careful renovation, while east Vancouver and the areas toward Salmon Creek and Hazel Dell hold ranches, split-levels and newer subdivisions. PeaceHealth Southwest Medical Center, the Port of Vancouver and Washington State University Vancouver are steady employers. Landlord rules differ across the river in Oregon, so compare them before you pick a side.

Before you buy

What Investors Should Know About Washington

Foreclosure usually runs through a trustee

A Washington deed of trust with a power of sale can be foreclosed without a lawsuit. The trustee mails notice to the parties, posts it on the property and publishes it, then sells at public auction in the county. The borrower can reinstate until shortly before the sale, and after a final sale no one can redeem the property.

Ending a tenancy takes a listed cause

Washington landlords generally need a cause listed in state law to end a residential tenancy. An owner selling a single-family home or moving in with immediate family is a cause, with advance written notice. Demolishing, substantially rehabilitating or changing the use of a rental needs longer written notice. Plan for that if you buy with a tenant in place.

Rent increases are capped

Washington's rent stabilization law caps annual rent increases, bars any increase in the first year of a tenancy and requires detailed written notice well ahead. Newer buildings, measured from the first certificate of occupancy, and some owner-occupied homes and small multiplexes are exempt. Underwrite a DSCR purchase on the rent the law allows at renewal.

Sellers usually pay the excise tax

Washington charges a real estate excise tax on sales of real property. The seller usually pays, the buyer owes it if the seller does not, and unpaid tax becomes a lien on the property. The state rate rises with the sale price, and local tax is added. Transferring control of an entity that owns Washington property can trigger it too.

General information, not legal or tax advice. Laws and rates change; confirm the details with a licensed attorney or tax professional in Washington.

Questions

Washington Hard Money Loan FAQs

Not answered here? Call +1(551) 321-5995 or read the full FAQ.

Do you offer hard money loans in Washington?

Yes. Apex arranges business-purpose hard money loans across Washington, including Seattle, Spokane, Tacoma and Vancouver, for fix and flip, bridge and new construction projects, plus long-term DSCR rental loans. Loans are for investment property only, not a home you will live in.

Can I renovate a Washington rental with a tenant in place?

Yes, but plan around state law. Ending a residential tenancy takes a listed cause, and a substantial rehabilitation that needs permits is one, with long advance written notice. Build that time into your loan term, or look for a property that will be vacant at closing.

Does Washington's rent cap affect a DSCR loan?

It affects your rent projections. State law caps annual rent increases on existing tenancies, with exemptions for newer buildings. Apex qualifies DSCR loans on the property's cash flow, with DSCR as low as 0.75x, so underwrite on the lease in place and the increases the law allows.

Do Washington short-term rentals qualify for a DSCR loan?

Yes. Short-term and vacation rentals are eligible, qualified on the property's cash flow. Rental revenue can be supported by AirDNA data, the property's own history or short-term rental comparables. Local rules for nightly rentals vary by city and county, so confirm the rental can be permitted before you buy.

How fast can a Washington deal close?

Apex sends a term sheet within 12-24 hours, and qualified deals with complete documents can fund in as fast as 15 days. On an older Washington house, order the inspection, a sewer scope and, west of the Cascades, a buried oil tank search right away, since results can change the rehab budget.

Beyond the state line

Nearby States We Serve

Investing on both sides of the border? The same programs and the same team cover the states around Washington.

All 36 states and Washington, D.C.

Next step

Financing a Property in Washington?

Send us the property, the plan and the timeline. We will tell you what is realistic and what we need to issue a term sheet.

Discuss your deal +1(551) 321-5995