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Hard money loans in Vancouver, WA
Loans for flips, rentals and construction in Vancouver and Clark County.
Investing in Vancouver real estate
Vancouver sits on the north bank of the Columbia River, directly across from Portland, Oregon. It is part of the Portland metro area but under Washington law, and many buyers choose it for that reason: Washington has no state income tax on wages.
The housing is varied. Neighborhoods near downtown, such as Hough, Arnada and Rose Village, have early-1900s bungalows that suit a full renovation. East Vancouver, around Cascade Park and Fisher’s Landing, is mostly subdivisions from the 1970s to the 1990s, where flips tend to be cosmetic. The redeveloped waterfront has brought new apartments, offices and restaurants to the downtown core.
Neighborhoods investors ask about
- Hough, Arnada and Uptown Village: older bungalows near downtown
- Rose Village and Fruit Valley: lower price points and small rentals
- Cascade Park and Fisher’s Landing: homes from the 1970s to the 1990s in east Vancouver
- Hazel Dell and Salmon Creek: suburban neighborhoods north of the city, in unincorporated Clark County
- Orchards and Minnehaha: single-family homes and newer infill northeast of the city
What to plan for on a Vancouver deal
- Comparable sales and rents follow the Portland metro market, so use Clark County data, not Seattle’s.
- Many addresses that say Vancouver are in unincorporated Clark County, where the county handles permits.
- Washington’s landlord-tenant law applies here, not Oregon’s. That includes the state limit on annual rent increases.
- Older homes near downtown often need wiring, plumbing and foundation work, and some have a buried oil tank.
Loan programs for Vancouver 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 |
Vancouver hard money loan questions
Yes. We lend on investment property in Vancouver and across Clark County, including fix and flip loans, DSCR rental loans and new construction loans.
Yes. We lend on investment property in Vancouver and throughout Washington. Through Optimus Capital Corp we also finance investment property in other states.
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 Vancouver?
Tell us the address, the purchase price and your plan for the property. We will come back with leverage and pricing for your scenario.