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Hard money loans in Kent, WA
Fix and flip and rental loans for investors in Kent and South King County.
Investing in Kent real estate
Kent sits between Seattle and Tacoma in the Green River Valley. The valley floor is one of the largest warehouse and manufacturing districts on the West Coast, and the hills on either side hold most of the housing: ramblers and split-levels from the 1960s through the 1980s on East Hill and West Hill, with newer subdivisions toward Lake Meridian.
Purchase prices are below those in Seattle and on the Eastside, and the houses are newer than in the older cities, so many flips here are cosmetic: kitchens, baths, flooring, roof and paint. Sounder trains run from Kent Station to Seattle and Tacoma, and Link light rail now serves the Kent Des Moines station on the West Hill.
Neighborhoods investors ask about
- East Hill: the largest residential area, with single-family homes from the 1960s to the 1980s
- West Hill: older homes with quick access to I-5 and light rail
- Downtown and the Valley: older houses and small multi-families near Kent Station
- Scenic Hill: early-1900s and mid-century homes above downtown
- Lake Meridian and Panther Lake: newer subdivisions on the east side
What to plan for on a Kent deal
- Ramblers and split-levels from this era often need roofs, windows, siding and electrical panels. Price those before finishes.
- Parts of the valley floor lie in the Green River floodplain. Check flood insurance requirements early.
- Kent inspects multi-family rental housing through its Rental Housing Inspection Program. Factor that in if you plan to hold.
- Winters are wet. Schedule roofing, siding and site work for the drier months.
Loan programs for Kent 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 |
Kent hard money loan questions
Yes. We lend on investment property in Kent and across South King County, including fix and flip loans, DSCR rental loans and new construction loans.
Yes. A fix and flip loan covers up to 90% of the purchase price and 100% of the rehab budget, whether the work is cosmetic or a full renovation, within 70 to 75% of the after-repair value.
Yes. A DSCR cash-out refinance at up to 80% loan-to-value is the usual way to pay off a fix and flip loan and keep the property as a rental.
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.
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Have a deal in Kent?
Tell us the address, the purchase price and your plan for the property. We will come back with leverage and pricing for your scenario.