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?

You have many options when looking for commercial loans for the acquisition or renovation of properties in the Seattle metropolitan area, Tri-Cities, Spokane or any other location in Washington State. Taking the time to perform some basic research can provide you with the information you need to choose the right commercial real estate loans in our area. This can help you to obtain the most favorable terms and the lowest rates for these loans.
Alternative commercial real estate loans may be right for you.
Traditional lenders typically enforce strict requirements and offer consistent terms for their commercial loans. By considering the services offered by alternative lenders, you can enjoy greater flexibility and speed of processing, which can be critical to your ongoing success in the fast-paced commercial real estate marketplace. The lending options offered by alternative lenders in Washington include the following loan types:

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.

The right commercial real estate lending arrangements can make a big difference in your profitability and can give you a competitive edge in the investment marketplace.

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.

Alternative lenders can deliver real benefits for Washington investors.
Some of the most important benefits of choosing an alternative lending company for your commercial real estate loans in Washington include faster processing, increased flexibility and reduced paperwork requirements for these financial transactions:
It is usually easier to qualify for alternative loans than for lending arrangements offered by traditional lenders. This can significantly improve your ability to obtain the funding you need for new acquisitions, renovations, and other real estate investments.
Alternative lenders require less paperwork and offer a more streamlined documentation process for your commercial real estate lending arrangement in the state of Washington.
The technological tools used by alternative loan companies can speed up processing for your loan application and can often put money in your hands within days or weeks. By contrast, traditional lenders can take months to make a decision and to disburse funds for your commercial real estate transactions in Washington State.
Alternative lenders can design a loan customized to suit your needs and provide you with the most cost-effective and practical solutions for your commercial real estate lending requirements.

Multi-tenant with Highway Exposure in Port Angeles, WA.

  • Loan Amount: * $350,000
  • Rate:  * %11.14 Adjustable
  • Value: * $970,000
  • Term:  * 15 Year fully amortizing
  • Lien Position: * First


Loan Amount: * $725,000.00 Rate: * 9.50% Appraisal Value: * $ 1,850,000.00 Term: * 24 months, IO Lien Position: * First Our Borrower was involved in a 1031 exchange and running out of time. Our loan will be paid off thru sales of other real estate...
If you have had credit problems, alternative lenders can deliver the right solutions for your investment needs.
The added flexibility offered by alternative lending companies can be especially important if you have had credit issues in the past or if you are relatively new to the real estate investment field. Even if you have been turned down for traditional loans because of cash flow problems or insufficient credit history, your alternative lender can often provide the funding you need to succeed in the real estate investment field.

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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!

Traditional Lending May Not be the Right Answer for Your Business Expansion in Washington
Since the 2008 Great Recession, traditional lenders like banks and other mainstream financial institutions in the state of Washington began to be more conservative when it comes to underwriting for financing commercial real estate loans. In the particular context of banks, many have increasingly become wary of such lending due to a number of factors. Some of the most notable of which are the new stringent regulations that were promulgated such as the Tier 1 Capital requirements along with the high volatility commercial real estate (HVCRE) laws. However, all is not lost yet if you may be on the lookout for funding for your commercial real estate project. Thanks to several reasons, there have been plenty of opportunities for the rise of alternative lenders just like ReProp Financial in Seattle, Spokane, Tacoma, Vancouver, and even Olympia. This includes the tight requirements from traditional lenders, increased borrower demand, and mounting interest rates imposed on new borrowers. Today, you can secure hassle-free commercial real estate financing despite the rigidity of most banks in the state of Washington.
Approval Factors
Bank financing for commercial real estate projects has been in decline in the last 2 decades

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.

Federal Funds Rate Affect Commercial Real Estate Rates
Alternative commercial real estate financing in Washington may be the only option left for you

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.

Office Building Markets

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

ReProp Financial is a first lien alternative lender for SBA CDC/504 loan applications. We make it easy to apply and qualify for these funding options. Our team will work with you to provide guidance and support for your loan application.

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.

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