Broker, not a lenderHard Money Lenders inSpokane, Washington
Fix and flip, DSCR rental and new construction financing for Spokane investors. We do not lend our own money, we shop your deal across a 400+ lender network and come back with real terms you can compare on total cost.
Prefer to talk it through? Call or text Micah at (281) 636-5682.
What you get working with us
Price a Spokane deal right now
Prefilled with a realistic Spokane deal. Change any number and it reprices instantly on the lanes licensed in Washington, using the same engine behind our term sheets.
Financing a deal in Spokane
Spokane is the affordable end of Washington and a real flip market in its own right, with prices far below the west side and a housing stock that is mostly early 1900s bungalows and post-war ranches with basements. Gonzaga, the hospital district and Fairchild Air Force Base keep renters and buyers coming, and people moving from Seattle and California have added a layer of demand. The north side neighborhoods are where most flips happen; the South Hill is the premium market.
The Spokane flip is decided by the basement and the heating. Almost every older house here has a full basement, and whether it's dry, how tall it is and whether it can legally hold a bedroom decides how much square footage you can sell. Winters are cold and snowy, so a buyer's inspector looks closely at the furnace, the roof and the insulation. Houses that are priced right still move quickly here, so a finished product that looks after those three things sells.
What a Spokane deal looks like on paper
Spokane example: $215,000 purchase, $55,000 rehab, $360,000 after repair value, 730 credit, first flip. The engine puts that borrower on the Best Rate program at 9.49%. Say a 1910s Hillyard bungalow with a full basement: new furnace, rewiring, a kitchen, a bath, and a radon system before listing. Every number below is what the instant term sheet prints for that deal, so the picture cannot contradict the page.
- Down payment (15%)You$32,250
- Origination (0.5%)Lender$2,000
- Doc prepLender$749
- Broker fee (1%)Broker$2,378
- Title and closingTitle$3,510
- Prepaid interest (15 days)Lender$927
- Property insuranceInsurer$2,565
- AppraisalAppraiser$550
Interest while you rehab: $1,445 a month on the $182,750 funded at closing, $1,880 once every draw is out. Proof of funds is cash to close plus $14,850 of rehab reserve and $11,281 of interest reserve. Sample borrower, sample address; the sheet is issued by the same engine as the borrower’s instant term sheet.
What we can fund in Spokane
| Program | Down payment | Min credit | Experience | Rate | Origination | Max loan | Term | Close |
|---|---|---|---|---|---|---|---|---|
| Best Rate | 15% | 700+ | First flip OK | 8.99% to 9.49% | 0.5% | 75% of ARV | 12 months | 14 days |
| 5% Down, 3+ Flips1 | 5% | 600+ | 3+ completed flips | 11.00% to 12.00% | 2% | 75% of ARV | 12 months | 7-14 days |
| 5% Down, 5+ Flips2 | 5% | 660+ | 5+ completed flips | 9.99% to 10.99% | 2% | 75% of ARV | 9-24 months | 10-14 days |
- Origination steps down with experience: 1.5% at 5+ deals, 1% at 8+.
- Rate is set per file from 9.99%; origination about 2% plus a $995 processing fee.
Origination has a $2,000 minimum on every program and the broker fee is 1% with a $2,000 minimum. These are the numbers the instant term sheet uses as of September 2026. Strong credit, cash and a track record can price lower through specific lenders in the network.
What the Spokane comps say
Redfin puts the Spokane median sale price at $375,000 for the three months ending August 2026, down 1.7% from a year earlier, with homes selling after 22 days on the market on average.
| Median sale price, Spokane (Redfin, 3 months to Aug 2026) | $375,000 |
| Change from a year earlier (Redfin) | -1.7% |
| Average days on market, Spokane (Redfin) | 22 |
Sources: Redfin, Spokane housing market
How a Spokane file actually gets priced
We comp Spokane inside the same neighborhood and the same side of the river, because the South Hill premium doesn't carry to Hillyard or West Central. The appraiser separates above-grade and basement square footage, and a basement bedroom without proper egress won't count as one. We use recent closings, and on the older bungalows we want a sewer scope and a look at the foundation, since rubble and early concrete foundations are common north of downtown.
Spokane sits in a high radon area, and buyers here test for it, so budget a mitigation system on a basement house. Wildfire smoke is a summer fact and the wildland edges on the city's fringe carry insurance questions. Snow load and ice damming punish old roofs. The city has loosened its zoning to allow more middle housing types on residential lots, which can change what a corner or alley lot is worth, and permits run through the city's Development Services Center.
Who buys your finished Spokane deal
A finished Spokane house under the city median sells to first-time buyers, hospital staff, military families from Fairchild and newcomers from the west side who think it's a bargain. That last buyer expects updated systems and a finished basement done right. The South Hill supports higher prices for character homes. Rents are solid near Gonzaga and the medical district, so a lot of north side flips can refinance into a DSCR rental if the sale market slows.
Your whole loan, in one portal
Apply once and the whole Spokane loan lives in the borrower portal: the term sheet you can accept and sign in the browser, where the loan stands, one place for documents, and the list of what the lender is still waiting on. These are real screens from the portal.
What we fund in Spokane
Fix & Flip
Purchase plus 100% of rehab, released in draws. The core product in Spokane.
DSCR Rental
Qualifies on the property’s rent, not your W-2. The usual exit when a flip becomes a hold, and the long-term financing on a BRRRR.
New Construction
Ground-up for builders and infill developers, with a draw schedule matched to the build timeline.
Where we lend in Spokane
We broker deals across the whole Spokane market. These are the submarkets investors ask us about most:
From deal to funded
Send the deal
Address, purchase price, rehab budget and your ARV. Three minutes, no credit pull.
We shop it
Your scenario goes to the lenders in our network that actually fit it and are licensed in Washington, not all 400 at once.
Real terms back
Rate, origination, leverage and cash to close side by side, so you can compare on total cost.
Close
7 to 10 days typical. We stay on title and the lender through funding.
Spokane hard money FAQ
Do you lend hard money in Spokane?
Which fix and flip programs apply in Spokane?
How fast can a Spokane hard money loan close?
How much do I need to bring to close on a Spokane flip?
Do you fund the rehab budget in Spokane?
What credit score do I need for a Spokane fix and flip loan?
Can I refinance a Spokane flip into a rental loan?
Is Spokane a good city for a first flip?
Does a finished basement count toward the ARV in Spokane?
Before you sign anything
Ready to fund your Spokane deal?
Submit your scenario in under 3 minutes. We shop it and come back with real terms, not a generic rate sheet.