BELLEVUE, Lavis., February 10, 2020 / PRNewswire / – Intrust Funding, Nice view-based hard money lenders, turned out to be a local favorite among Washington state real estate investors.
Since 2009, Intrust Funding has provided hard money loans to real estate investors in Washington state. Known for its transparency and efficiency, the company outperforms many national and local lenders by funding most investment loans within 48 hours of closing.
Intrust Funding is also known for the ease of its borrowing process. As investors work on repair and return or buy and hold projects, they come to a point in their work where they need money to buy materials or pay contractors. Lenders release the allocated portions of these funds in stages, depending on the progress of their projects by investors. Many lenders require a construction progress inspection to make sure investors are on-task and on-target.
The raffle process for trust financing is acclaimed by many in the real estate investment world. Instead of inspections or assessments, Intrust Funding only requires fifteen photos of borrowers that show their project is within the scope of its work. It doesn’t get much easier than that. No inspection and no evaluation, only fifteen photos.
The conditions for making a loan with Intrust Funding are quite simple. In accordance with the industry standard, Intrust Funding grants loans not based on the borrower’s credit rating, but rather on the after repair value (ARV) of the investment property that an investor uses on a loan. hard money to buy and / or rehabilitate. This differs from conventional lenders who base their loans on the current value of the property in question.
Also an industry standard, an Intrust Funding loan cannot be used on owner-occupied property. Borrowers should have an exit strategy, either by selling the property when the renovations are complete and using the sale to pay off the loan, or by refinancing into a mortgage and using the refi to pay off the loan.
Intrust Funding does not provide personal loans. Instead of, real estate investors use hard money loans from Intrust Funding buy a property, or buy a property and renovate it. Then they sell the property or manage the rental property.
Funding in trust provides loans for both Residential and commercial Properties. While many hard money lenders have separate loans for the acquisition of a property and the rehabilitation of a property, Intrust Funding offers all-in-one loans. This means that, if necessary, the acquisition cost and the renovation costs are tied to the same loan, further streamlining the borrowing process.
In addition, all costs of real estate investment loans from trust funding are incorporated into their loans. Borrowers only pay interest each month for the life of their loan, with no prepayment fees or penalties. The typical loan term is between 5 and 12 months, although borrowers are given 2 loan extensions if necessary.
Trust financing provides quick capital to investors to quickly cover closing costs. With short term loans, borrowers submit cash offers in less than 48 hours to get the best properties fast. Intrust Funding is revolutionizing the lending industry with its unwavering commitment to efficiency, transparency and integrity throughout the lending process. Intrust Funding provides hard money loans for Washington state investment properties only.
If you want learn more about hard money loans and real estate investing, be sure to check out their Investor 101 category. Located in Nice view, trust funding has become an essential part of the Washington mortgage sector.
Funding in trust
SOURCE Funding in trust