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Hard money loans in Everett, WA
Loans for flips, rentals and construction in Everett and Snohomish County.
Investing in Everett real estate
Everett grew up around its mills and waterfront, and the neighborhoods north of downtown still hold early-1900s Craftsman homes and small multi-families. South Everett is newer, with post-war houses, condos and apartment communities along Evergreen Way and around Silver Lake.
Boeing’s Everett plant, Naval Station Everett and Providence Regional Medical Center keep rental demand steady, and Sounder trains and express buses connect the city to Seattle. Prices are lower than in King County, which draws both flippers and long-term rental investors.
Neighborhoods investors ask about
- Northwest Everett and Bayside: Craftsman homes near downtown and the waterfront
- Riverside and Delta: older single-family homes and duplexes at lower price points
- Port Gardner and Rucker Hill: historic homes with water views
- Silver Lake and Eastmont: post-war and newer single-family homes
- South Everett along Evergreen Way: condos and small multi-family buildings
What to plan for on a Everett deal
- Everett has historic overlay zones north of downtown where exterior changes are reviewed by the city’s Historical Commission.
- Homes near the naval station often rent to tenants on military orders. Plan for regular turnover.
- Older homes often need electrical and plumbing upgrades, and many have an aging side sewer.
- Winters are wet. Schedule roofing, siding and site work for the drier months.
Loan programs for Everett investors
| Program | What it funds | Maximum leverage |
|---|---|---|
| Fix and flip loans | Buying and renovating a property you plan to resell | Up to 90% of purchase and 100% of rehab, capped at 70 to 75% of after-repair value |
| DSCR rental loans | Buying or refinancing long-term and short-term rentals | Up to 85% loan-to-value on a purchase, up to 80% on a cash-out refinance |
| New construction loans | Ground-up builds, including the land | Up to 90% of cost for experienced builders, capped at 70 to 75% of completed value |
| Portfolio and commercial loans | Several rentals under one loan, plus multifamily and commercial property | Up to 80% on a portfolio purchase; commercial quoted deal by deal |
Everett hard money loan questions
Yes. We lend on investment property in Everett and across Snohomish County, including fix and flip loans, DSCR rental loans and new construction loans.
Yes. Two- to four-unit properties can be financed with a fix and flip loan or a DSCR rental loan. Larger multifamily buildings are financed through our commercial program.
Yes. A fix and flip loan funds the purchase and renovation. Once the property is rented, a DSCR cash-out refinance at up to 80% loan-to-value replaces it with long-term financing.
Fix and flip loans average up to 21 days and can close in about 7 days when title and insurance are complete. Rental and DSCR loans take about 30 days, including the appraisal.
Other Washington markets
Have a deal in Everett?
Tell us the address, the purchase price and your plan for the property. We will come back with leverage and pricing for your scenario.