Intrust Funding

About Intrust Funding

Founded in 2009, Intrust Funding is a Bellevue, WA, based hard money lender who provides loans for real estate investors in Western Washington.The company offers standard and rehab loans for distressed real estate, residential real estate, and foreclosure. It also provides construction loans for renovation of single and multifamily homes. It serves individuals, entrepreneurs, and corporations.They offer commercial loans, investment property loans, hard money construction loans, and fix and flip hard money loans.Their lending parameters are flexible, including terms between 5 months and 12 months, rates ranging from 12%, and loans with a maximum LTV of 90%. They will make loans on many property types, including single family units, multi-family units, apartments, office buildings, retail spaces, mixed use buildings, warehouse buildings, and industrial buildings.

Loan Types Offered: Investment Property Loans, Fix and Flip Loans, Commercial Hard Money Loans, New Construction Loans

Property Types Covered: Single Family, Multi Family, Apartment, Office, Retail, Mixed Use, Warehouse, Industrial

Areas Served: Seattle, Tacoma, Aberdeen, Bellevue, Bellingham, Bremerton, Everett, Federal Way, Kelso, Lake Stevens, Longview, Lynnwood, Mount Vernon, Olympia, Port Angeles, Port Townsend, Puyallup, Renton, Clallam County, Clark County, Cowlitz County, Grays Harbor County, Island County, Jefferson County, King County, Kitsap County, Lewis County, Mason County, Pacific County, Pierce County, San Juan County, Skagit County, Skamania County, Snohomish County, Thurston County, Wahkiakum County, Whatcom County, WA

Lending Guidelines for Intrust Funding

Below are the general loan guidelines published on the Intrust Funding website. Please confirm all terms and rates directly with the lender.

Loan Examples

The following loans are for education purposes only. They do not represent actual loans executed by Intrust Funding.

Loan Example 1

Intrust Funding makes a fix and flip loan to Esmeralda for a rehab project in Everett, WA, on a house that is listed for $170,000. The loan to value (LTV) on the note is 75%. This means that Esmeralda will have to bring 25% of the sales price to the closing and the principle will be $127,500 on the note. The rate on the loan is 11% for a length of 12 months and the company requires a three point origination fee at the close. The interest payments are to be paid on a monthly basis and the principle amount will be returned after the sale of the property.

According to the terms of the deal, Esmeralda will be required to contribute a $3,825 origination fee plus 25% of the sales price, or $42,500, based on the 75% LTV. she will then pay $1,169 per month to Intrust Funding. Assuming Esmeralda sells the rehabed project for $212,500 at the end of the 12 month term, her gross profit (not including remodeling expenses) would be $24,650. This is calculated by taking the purchase price ($212,500) and subtracting the principle ($127,500), the origination fee ($3,825), the funds she contributed to closing ($42,500), and the total interest expenses ($14,025).

Loan Example 2

Alex takes out a hard money loan from Intrust Funding so he can rehab a house to resell in Everett, WA. The deal has the following terms:

a) A $180,000 sales price, b) a 70% loan to value (LTV), c) a 12 month term, d) a 14% interest rate, and e) a 1% origination fee.

Based on a $243,000 sales price after the 12 month term, the outcome for the project would look like this:

$243,000 sales price
- $126,000 loan principle (70% LTV)
- $54,000 down payment (30% on 70% LTV)
- $1,260 origination points (1% of the $126,000 principle)
- $17,640 total interest paid (12 months x 14% interest)
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= $44,100 gross profit (doesn't include taxes or renovation costs)