Bellingham Hard Money Lender

Bellingham Hard Money Lender

In the Bellingham real estate market, grabbing properties before your competition is essential for making the best deals. Although real estate investors sometimes go the traditional route and seek bank loans, the process is anything but speedy.

When time is of the essence, waiting for the lengthy process of getting approval is not an option for most investors. Bellingham hard money lenders specialize in providing hard money loans which provide quick funds to investors. These loans are for a non owner occupied property or in some cases for business purpose loans.

Bellingham Hard Money Lender FAQ’S

Below are some of the most frequently asked questions we get regarding hard money loans and lenders in Bellingham.

What Do Bellingham Hard Money Lenders Specialize in?

Bellingham hard money lenders specialize in providing short-term, creative financing for real estate investors. If you seek a conventional lender to purchase an investment property, your loan request will be based on the property’s value and your assets. Your credit score, job, and finances will be scrutinized intensely.  Hard money lenders base their final loan decisions on the after-repair value. The ARV represents the potential value of a property after all repairs have been accomplished.

What are the Benefits of Bellingham Hard Money Loans?

Bellingham hard money loans offer advantages that traditional banks cannot. Lenders like Acamnet Financial offer a higher level of flexibility than banks.  When qualifying for this type of loan, lenders do not delve too deeply into the finances of real estate investors. In most cases, simply present the property and your plans, which saves you the hassle of gathering countless financial documents.

Do Bellingham Hard Money Lenders Look at my Credit Score?

One of the greatest benefits of working with Bellingham hard money lenders is the lack of credit score requirements. One of the first things a bank does is check your credit score.  You can get approved for a hard money loan in Bellingham even if you have bad credit or poor credit, bankruptcies, and foreclosures in the past. Bellingham Hard money lenders primarily care about the property you are purchasing.

What is the Interest Rate & Points for Hard Money Loans in Bellingham?

Interest rates for hard money loans in Bellingham are typically higher than traditional bank loans (conventional loans) because of the greater risk lenders must take on when approving loans. When searching for a hard money lender near me in Bellingham, you will find average interest rate is between 8%-15%.  You should also be aware that lenders sometimes charge points that are meant to offset their administrative costs. Each point represents 1% of the total loan amount.  The average points lenders charge is between 1 to 3. Some lenders may charge up to 10 points. These points are due upfront or at closing, depending on the lender.

What Should I Look for in a Bellingham Hard Money Lender?

There are many benefits to working with a Bellingham hard money lender.  You just need to make sure you are working with the right lender.  You can rely on Acamnet Financial Group when you need us most.  We offer reliability, consistency, experience, and support.  As a real estate investor, you know the importance of grabbing the best property deals when they become available.

How can Hard Money Lenders in Bellingham Help Me?

Whether you are new to real estate and real estate projects or an old pro, you know having the capital to purchase real estate is essential. Without funds, you will miss out on real estate transactions.  When you partner with hard money lenders in Bellingham, you will quickly get the money you need without jumping through the hoops of traditional bank lenders.

How do I get a Hard Money Loan in Bellingham?

When you want a hard money loan in Bellingham, begin by preparing the property information. Location, size, purchase price, after repair value, repair costs, etc.  In most cases, the financing will be based on these numbers.  Then, apply for a hard money loan in Bellingham using this information and supply some financial information.  Then, an appraisal will be ordered to assess the loan-to-value ratio, which will influence the loan amount.

How do I Refinance a Bellingham Hard Money Loan?

Refinance a Bellingham hard money loan will involve moving from a high interest, short term loan to a longer term, usually lower interest rate loan. Typically a conventional type of loan.  When refinancing a Bellingham hard money loan you will find it will have a more stringent set of guidelines.  You will need to have sufficient credit and income qualifications.  As the lending landscaping and regulations constantly change, you want to consult a knowledgeable conventional loan expert.

Here’s other cites we can help with in Washington: Hard money lender Washington

Current Real Estate Trends In Bellingham (2024)

The real estate market in Bellingham, Washington is currently in a seller’s market, with high demand and limited inventory. The median listing home price in October 2023 has increased by 18.8% to $742.5K compared to the previous year. The median home sold price is $701K, and the sale-to-list price ratio is 100%.

The average days on the market was 41, showing a slight decrease from the previous month but a slight increase from the previous year. Despite these fluctuations, Bellingham’s housing market is still healthy, with more buyers than available homes.

The average home value is $630,616, which has decreased by 0.5% over the past year. Homes in Bellingham are typically sold within 10 days. Short-term investment predictions for buying a house in Bellingham are not favorable, but long-term projections point towards potential increases in home prices, with an estimated price of $527,898 USD by 2028.

All in all, Bellingham’s real estate market is extremely competitive and has great potential for profitable property investments.

Housing Market

The housing market in Bellingham is truly a seller’s market. Demand for homes is high, while available listings are few, which has driven up the median sale price to $601,500 and the average days on the market to 41.

October 2023 saw a median listing home price of $742.5K, showing an 18.8% year-over-year increase. The median listing price per square foot was $400, and the median sold home price was $701K.

Although median days on the market have risen from the prior year, the median days on the market have still dropped since last month. This is indicative of a strong demand for housing in Bellingham, creating a competitive atmosphere for buyers.

Market Conditions

The housing market in Bellingham City is a seller’s market, as there are more buyers than available homes, leading to competition for buyers. Average days on market for homes in Bellingham is 41, indicating that properties are selling relatively fast.

There has been an increase in median days on market compared to the previous year, though a decrease since last month, demonstrating that demand for homes in Bellingham is still strong.

With a sale-to-list price ratio of 100%, sellers have been able to get their asking price. These market conditions demonstrate Bellingham’s appeal for real estate investment.

Let us now examine the property investment forecast for Bellingham City.

Property Investment Forecast

Data and market conditions suggest a negative trend in the property investment market of Bellingham City in the near future. Short-term predictions point to a decrease in home values and prices, making the city less favorable for real estate investment compared to other locations. This could make flipping houses for profit challenging in a bear market.

At the moment, the median home price in Bellingham City is $465,843 USD, with expectations of a moderate increase to $479,144 USD in one year. Long-term forecasts predict a higher median price of $527,898 USD by 2028.

Potential investors should take these trends into account when exploring optimal real estate investment strategies.


All About Bellingham

Welcome to Bellingham, a city full of exciting and diverse activities.

Nature-lovers can explore the wonders of marine life at the Marine Life Center, where you can learn about local aquatic creatures without spending a dime.

Shopping fanatics can head over to Bellis Fair Shopping Mall, where they’ll find a vast array of stores, eateries, and services.

Fairhaven’s Stones Throw Brewery presents a tranquil setting to enjoy with friends, complete with food trucks serving up scrumptious dishes.

Don’t forget about the beautiful state parks, museums, business districts, theaters with live entertainment, and historical sites that Bellingham has to offer.

Get ready to make some unforgettable memories in this city full of culture.

Top Attractions

Bellingham offers a wide range of top attractions. One of these is the vibrant Marine Life Center on the banks of Bellingham Bay. At the Marine Life Center, you can explore and discover local aquatic creatures such as hermit crabs, octopi, and a variety of fish species. Admission is free, making it an ideal option for those who are tight on budget. It is a great place for families and friends to spend some quality time and learn something new.

If shopping is your cup of tea, then head on over to Bellis Fair Shopping Mall. Opened in August 1988, this mall has a variety of stores where you can get whatever you need. It has popular retail stores like Target, H&M, Forever 21, Macy’s, and JCPenney, as well as numerous dining options and other services. After a day of shopping, you can take a break and recharge here.

For those who are looking for outdoor activities, Bellingham has some great state parks, stunning natural landscapes, and hiking trails waiting for you to explore. Or, if you’re feeling up for it, you can go to the Stones Throw Brewery in Fairhaven. Here you can enjoy a pleasant environment with friends or your special someone, and there are food trucks offering various dishes.

Outdoor Activities

Discover the captivating state parks that will enthrall nature lovers in Bellingham. Whether you enjoy hiking, biking, or admiring the breathtaking views, Bellingham’s state parks have something for everyone.

Whatcom Falls Park offers lush forests, cascading waterfalls, and calm picnic areas. Take a stroll along the maintained trails and find hidden gems like the ancient stone bridge and the lovely fish hatchery.

For a more daring expedition, visit Larrabee State Park, Washington’s first state park. This coastal park provides stunning views of the Puget Sound, rugged coast, and dense forests. Hike up to Fragrance Lake, a tranquil paradise surrounded by towering trees, or lounge on the beach and watch the waves crash against the cliffs.

As you take in the natural beauty of Bellingham’s state parks, you will get a feeling of tranquility and harmony with the environment.

Art and Culture

Immerse yourself in the vibrant art and culture of this captivating city. Bellingham offers a wealth of artistic endeavors, from galleries exhibiting works of local artists to streets lined with sculptures and murals. Take a journey through the art-filled neighborhoods and uncover the talent and passion that is palpable in every corner.

The city’s art galleries are a veritable trove of visual delights, showcasing paintings, photographs, and mixed media creations that will leave you in awe. Take a leisurely stroll through the galleries and let the vibrant colors and thought-provoking pieces take you to a world of imagination.

In addition to the visual arts, Bellingham is home to a thriving performing arts scene. Local theaters play host to a range of productions, from plays to musical concerts. No matter if you prefer drama, comedy, or music, there’s always something to captivate and entertain you.

The city pays tribute to its rich history through its museums. Browse through the exhibits highlighting the local and global culture, and gain a deeper understanding of Bellingham’s roots. From art and history to science and technology, the museums offer educational and engaging experiences for visitors of all ages.

Shopping and Dining

Take a dive into the diverse shopping and dining scene that Bellingham has to offer. Here, you can find a blend of local businesses and national retailers, catering to all tastes and preferences. Whether you’re a fashion lover, a foodie, or just looking for something new, Bellingham has it all.

Start your journey at Bellis Fair Shopping Mall, with a plethora of stores to pick from. Target, H&M, Forever 21, Macy’s, JCPenney, and more – all within easy reach. Take a break and grab a bite at one of the many eateries, or pamper yourself at a nearby salon.

Prefer a more relaxed atmosphere? Head to Marine Life Center and explore the charming local shops and boutiques, with products and handmade crafts.

For food, Bellingham has something for everyone. From casual restaurants to extravagant eateries, you can find a wide selection of cuisines. Take a stroll downtown and explore the vibrant food scene, from farm-to-table establishments to international flavors. Make sure to drop by Stones Throw Brewery in Fairhaven, a popular local brewery, and savor craft beers and delicious food from the food trucks.

Historical Exploration

Embark on a captivating journey through time as you uncover the hidden stories and secrets of Bellingham’s enchanting historical sites. This city is filled with history, offering a range of exciting sites that invite exploration and discovery.

Begin your adventure at the Whatcom Museum, where you can explore the city’s past through its abundant artifacts and displays. Uncover the lives of the early settlers, the indigenous people, and the industries that shaped the region.

Another must-see historical spot is the Old City Hall, a beautiful building that once served as the seat of government. Admire its grandeur and learn about the people who lived and worked here. Take a guided tour to gain a better understanding of the importance of this famous landmark. 

For an insight into Bellingham’s maritime history, head to the Maritime Heritage Park. This tranquil park is home to the historic Bellingham Bay Brewery building, which dates back to the early 1900s. Tour the park’s trails and find out about the city’s connection to the sea.

Finally, don’t miss the Fairhaven Historic District, a lovely neighborhood overflowing with Victorian-era buildings and quaint stores. Immerse yourself in the deep history of this area as you walk the streets lined with well-preserved architecture.

Bellingham’s historical sites offer a fascinating look into the past, allowing you to truly appreciate the city’s heritage and cultural significance. So, put on your walking shoes and jump into the past as you explore these remarkable destinations.