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Hard money loans in Renton, WA
Financing for flips, rentals and new construction at the south end of Lake Washington.
Investing in Renton real estate
Renton sits where I-405 meets the south shore of Lake Washington, between Seattle, Bellevue and the Kent Valley. Boeing builds the 737 here, and the city’s position between the region’s job centers keeps both buyers and renters looking. Housing ranges from early-1900s homes near downtown to mid-century neighborhoods in the Highlands and newer subdivisions on the plateau to the east.
Prices sit below Bellevue’s and Seattle’s, which leaves room for renovation margins. Investors here flip single-family homes, hold rentals near the employment centers, and build on infill lots in Kennydale and the Highlands.
Neighborhoods investors ask about
- Renton Highlands: post-war and mid-century homes, the city’s busiest flip market
- Kennydale: lake-view lots and new construction
- Downtown and North Renton: older homes near The Landing and the Boeing plant
- Benson Hill and Talbot Hill: single-family homes near Valley Medical Center
- Fairwood and East Renton: newer subdivisions, some outside the city limits
What to plan for on a Renton deal
- Hillside and lakeside lots may fall under steep-slope or shoreline rules. Check before you plan an addition or a new build.
- Some neighborhoods east of the city are in unincorporated King County, where permits and septic rules differ from Renton’s.
- Mid-century homes often need roofs, windows, electrical panels and drainage work before finishes.
- Renton requires landlords to register rental properties with the city. Register if you plan to hold.
Loan programs for Renton 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 |
Renton hard money loan questions
Yes. We lend on investment property in Renton and across South King County, including fix and flip loans, DSCR rental loans and new construction loans.
Yes. A new construction loan funds up to 90% of total project cost for experienced builders, and up to 70% of the land cost can be included. The loan stays within 70 to 75% of the completed value.
The minimum loan is $75,000.
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 Renton?
Tell us the address, the purchase price and your plan for the property. We will come back with leverage and pricing for your scenario.