Why You Should Consider
Alternative Commercial
Real Estate Loans
in the State of Washington
Do you need cost-effective and practical commercial real estate lending solutions in the state of Washington?
Development Loans
Development loans are a solid choice for new construction and extensive renovation. These loans are available for construction companies and developers in Washington and offer optimal flexibility for financing renovations and new construction.
Short-Term Construction Loans
Short-term construction loans, sometimes referred to as bridge loans, are used to cover expenses and manage costs during the period between the start of construction and the sale of the finished property. These loans are designed to provide added support for cash flow issues.
Hard Money Lending
Hard money lending arrangements are usually structured in a similar fashion as traditional commercial real estate lending options. You may be able to qualify for a hard money loan even if you have had substantial credit problems in the past, which can make it much easier to obtain the funding you need for your next project.
Private Money Loans
Private money loans, as their name suggests, come from private investment groups or individual investors. They are usually structured as bridge loans to provide financial support and cash flow flexibility during construction projects, acquisitions and renovations in the state of Washington.
Collateralized or Asset-Based Loans
Collateralized or asset-based loans allow you to leverage the equity in properties or assets you already own to finance new property acquisitions or to improve your existing real estate holdings.
Call or Email
1-800-444-2948
Here’s how we can help.
At ReProp Financial, we offer alternative lending services designed to provide you with the funding you need when you need it most. We specialize in alternative real estate lending options that suit your needs and provide optimal flexibility for Washington property acquisitions and investments.
ReProp Financial has the solutions you need to achieve greater success and to acquire the right properties on the right terms for your investment portfolio. We are committed to helping you achieve greater profitability in the Washington State real estate marketplace. ReProp Financial provides commercial real estate loans to those looking to invest in Bellevue, Kennewick, Pasco, Richland, Seattle, Spokane, Tacoma and beyond!
In recent years, the numerous risks that are associated with expanded regulations have made the banking industry increasingly hesitant to finance commercial real estate projects. Since they are now facing much more constraints in their operations, banks have had recourse to hiking the interest rates and fees they charge developers for loans. Today, there happen to be very few banks in Seattle, Spokane, Vancouver, and Olympia that are still offering low-leverage construction loans. Also, these traditional lending entities now demand some considerable level of personal recourse and tend to prefer dealing with borrowers with rock-solid financial track records. Yet, the earlier mentioned HVCRE rules have made it even harder for banks by placing a limit on the amount of imputed equity which they may be permitted to make for any sponsor’s equity requirement. In its turn, this has gone on to raise the bar even higher in terms of ordinary developers qualifying for construction loans.
Nowadays, it is substantially more difficult for a new or upcoming developer to access bank financing without a lofty balance sheet together with a long and proven track record of success. In other words, most traditional lenders have a marked preference for providing successive loans to a select few dependable borrowers who they’re familiar with and are more comfortable working with. The current traditional lending environment makes it increasingly more difficult to qualify for commercial real estate financing. You will need an a strong credit score ( upwards of 700) along with footing a vast down payment and possessing large cash reserves. At the same time, you will be obliged to document your income streams and demonstrate a low level of debt.
Alternative lenders like ReProp in Washington are noted for not being in any way constrained by the HVCRE regulations. This means their terms and requirements are more flexible and less stringent towards new commercial real estate developers. In many situations, these alternative lenders can prove to be the only viable solution available to new borrowers. Alternative commercial real estate financing brings much more to the table upon comparison with the recent trends among traditional lenders particularly for those who are just delving into the real estate developing world. When it comes to loan approval requirements, alternative lenders aren’t as strict as banks. On an average basis, in the traditional lending environment in Seattle, Spokane, Tacoma, Vancouver, and Olympia, it would take you between 60 – 90 days to reach a deal on financing. Additionally, this doesn’t factor in the high probability of issues cropping up in the appraisal or even loan documentation processes.
With the average alternative lender in Washington like ReProp Financial, you will be able to obtain the funding and close the deal within a much shorter timeframe. So, you can rest assured that whatever financial circumstances you might find yourself in, there is always a suitable option if you wish to access funding for your commercial real estate project. ReProp Financial is your go-to commercial real estate alternative lender in Washington state. Whether you are in Seattle, Spokane, Tacoma, Vancouver or Olympia, or any other area in the State of Washington, make the smart decision today and contact us to obtain the right funding for your project with terms customized to your unique needs and preferences!
How to Apply
Call us today at 1-800-444-2948 or visit us online to submit your loan request. We look forward to the opportunity to work with you.
