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Hard money loans in Olympia, WA
Fix and flip, rental and construction loans for investors in Olympia, Lacey and Tumwater.
Investing in Olympia real estate
Olympia is the state capital, at the southern tip of Puget Sound. State government is the largest employer, which gives the rental market unusual stability, and The Evergreen State College and Saint Martin’s University in neighboring Lacey add student demand. Olympia, Lacey and Tumwater work as one market in Thurston County.
The older neighborhoods around downtown and the Capitol have Craftsman homes from the early 1900s. Lacey and Tumwater are newer, with subdivisions from the 1970s onward. Prices are lower than in King and Pierce counties, and Joint Base Lewis-McChord is a short drive north, so many tenants are military or state employees.
Neighborhoods investors ask about
- South Capitol and the Eastside: Craftsman homes close to the Capitol campus and downtown
- Westside: older homes and rentals on the way to Evergreen
- Northeast Olympia: bungalows and mid-century homes near Budd Inlet
- Lacey: newer subdivisions popular with military families
- Tumwater: single-family homes south of the Capitol
What to plan for on a Olympia deal
- Parts of Olympia, including the South Capitol neighborhood, are historic districts. Check review requirements before you change an exterior.
- Olympia has its own rental registration and tenant rules on top of state law. Register if you plan to hold.
- Many properties outside the city cores are on septic systems and wells. Order inspections early.
- Leases near the base and the colleges turn over on predictable cycles. Time a renovation to finish before them.
Loan programs for Olympia 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 |
Olympia hard money loan questions
Yes. We lend on investment property in Olympia, Lacey, Tumwater and across Thurston County, including fix and flip loans, DSCR rental loans and new construction loans.
Yes. A rental near the base can be financed with a DSCR loan, qualified on the property’s rent compared with its monthly payment.
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 Olympia?
Tell us the address, the purchase price and your plan for the property. We will come back with leverage and pricing for your scenario.