Private Money Loans
We are Lantzman Lending, Spokane’s trusted hard money lenders with more than 30 years of direct private money lending experience. We deliver fast, dependable financing to a broad range of real estate investors by structuring loan programs around your specific needs. Our private loan rates start as low as 8% and can close in as little as 3 days.
No matter what type of real estate you are investing in, we have a loan product to match. Whether you hold title in a company entity (LLC, Corp, Trust, etc.) or personally, our experienced team is ready to handle all transaction types. And since we are true asset based lenders, we only require a one-page application to get started and send you a quote within 24 hours.
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Direct Private Loans In Spokane
Starting its life as a hub for the fur trade, logging and other industries, Spokane was put on the map with the advent of railroads. After nearly a century as a direct supply line for lumber, fur and many other goods Spokane grew into a thriving community. Its crowning moment came when it hosted the first environmentally themed World’s Fair, Expo ’74 and several of the city’s biggest landmarks are directly connected to the Expo.
In the heart of downtown Spokane is the beautiful Riverfront Park, which houses the historic Great Northern Railway Clock Tower. At 155’ 6”, it is one of the tallest structures in Spokane and serves as both a reminder of the Expo and a tribute to the city’s history as a railroad hub. Riverfront Park also houses the Looff Carrousel, built by renowned carousel builder Charles I.D. Looff in 1909 as well as the former U.S. Pavilion, once a covered tent-like structure that housed the Expo’s U.S. exhibit. The cover was removed in 1979 but the framework of the Pavilion still stands and draws many visitors every year.
The combination of natural beauty, economic stability garnered by its status as a major trade route and location in the technology center of the country has contributed to a stretch of considerable growth in Spokane. According to Zillow, the average home value in Spokane is currently $303,386, reflecting an increase of 18% over the last year alone. At the same time, the median rent stands at a relatively affordable $1,079, showing a 5% increase.
As the real estate market in Spokane shows no sign of slowing, that has opened a number of opportunities for investment in both the residential and commercial areas. While it may be tempting to get your feet wet in this market, it can require quick financing, especially as competition for properties can be heavy. When you need money in a hurry, Lantzman Lending can help. We’ve been working for over 30 years to provide cash to investors without the need for a lengthy approval process.
We’re asset based lenders, which means we provide financing out of our own resources, so there’s no need to deal with a middle man and no frustrating and tedious credit checks. At Lantzman Lending, we can help with everything from hard money construction loans to commercial loans or loans for fix & flip properties, which can help you to get in on everything the Spokane real estate market has to offer.
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Financing When You Need It
At Lantzman Lending, we understand how competitive real estate can be and how important it is to move quickly when multiple offers are on the table. That’s why we guarantee that you’ll have a quote within 24 hours of your initial request and that most loans will be finalized within 4 or 5 days. With all of your documentation ready up front, you might even be able see your loan finalized in as few as 3 days.
Whether you’re interested in a private home, rental income property or a commercial property, timing can be critical when you’re trying to close on a real estate deal. With this in mind Lantzman Lending offers hard money loans for fix & flip, construction, refinances and commercial loans with immediate approval. As asset based lenders, we provide loans in CA, NV and WA with funding of up to 65% of the after repair value on fix and flips and 65% of current value on most other loan scenarios.
Bridge Loans in Spokane
Traditionally, bridge loans have been one of the most common applications of hard money. These are short term loans designed to provide immediate funding while you wait for approval on a traditional long term loan. Unfortunately, the approval process for traditional loans can take weeks or even months and that can be deadly when you’re trying to secure a property. Lantzman Lending understands this and we’re prepared to help you bridge the gap with short term loans that have a guaranteed quick turnaround so that you can move on a deal without hesitation.
To learn about hard money loans see our “Guide to Hard Money Loans” and our “Guide to Rehab and Construction Loans“.
Lantzman Lending offers the following loans to real estate investors:
Would you like to have more information about our loans?
Need Help With A Hard Money Loan? Let Us Know.
Recently Funded Deals in Spokane
We think our investors did a fantastic design on this remodel in Los Angeles. What an incredible transformation by our borrowers on this Mid Century gem. They received multiple offers in less than a week. Lantzman Lending provided a $980k loan and it sold for $1.495M after renovations!
Take a look at this unique Fix and Flip in Los Angeles, California. This 4 bedroom, 3 bath home has been fully remodeled and sits near the heart of Culver City. Purchase Price: $950,000 | Loan: $945,000 | Sale Price: $1,4000,000
This Los Angeles, CA Fix and Flip was purchased for $520,000. We funded a loan of $400,000 which included 100% of the repair costs. Our Borrower remodeled and resold the property for $680,000.
This Los Angeles, CA Fix and Flip was purchased for $541,000. We funded a loan of $482,000 which included 100% of the repair costs. Our Borrower remodeled and resold the property for $848,000
Our Loan Products
Fix & Flip Loans
A Fix and Flip loan is a short-term, asset-based loan that helps investors acquire, renovate, and sell properties for a profit.
Business Purpose Loans
We offer Owner and Non Owner Occupied Business Purpose Loans. Short term 1st and 2nd mortgages (1-3 yrs)
Trust Loans
A Trust Loan is a short-term, asset-based loan that helps trust, estate, or their heirs refinance or a purchase property.
Commercial Bridge Loans
A short-term, asset-based loan to stabilize a commercial property or pull out cash. To help you bridge the gap until permanent financing.
Renovation Loans
A Renovation Loan is a short-term, asset based loan for construction funds. Includes renovations or mid construction.
Hard Money 2nd Mortgages
A Hard Money 2nd Mortgage is a short-term, asset-based loan that is a subject to a current 1st lien. Owner and Non Owner Occupied...
DSCR Loans
A DSCR loan is a 30 year mortgage designed for real estate investors that looking only at the rent amounts for qualification.
Residential Bridge Loans
Residential Bridge Loans are short-term loans for rental, vacant, or investment properties used for business purposes
At Lantzman Lending we’ve regularly earned top reviews at Google and Yelp and we’re proud of our reputation for reliable, competitive and consistent service that always puts our clients’ interests first. Spokane has a long tradition of helping businesses and people get where they need to be and that’s what Lantzman Lending is all about. We’re ready to provide the hard money loan you need to put your real estate investment on the road to success.
Blog Articles You May Be Interested In:
7 Steps to Guaranteed Hard Money Approval
Finding Funding For Flipping Houses
Using Direct Money Lenders for Your Construction Project
