A Seattle flip often means a 1910s Craftsman, a 1920s Tudor or a 1950s rambler on a valuable lot, with a renovation budget and resale price well above the national average. Large balances, careful permitting and Washington's graduated excise tax all shape how the deal pencils.
In short: Our top pick for fix and flip financing in Seattle is LendingStreet. We finance $150,000 to $5M+ projects with up to 90% of cost (LTC) and up to 100% of the rehab on some programs, close in as little as 10 days and offer a 30-year DSCR refinance if you hold. That range fits the high price levels in Seattle, the Eastside and the rest of the Puget Sound region.
LendingStreet is an investment property lender built for investors who buy, renovate and resell. Our fix and flip loans run from $150,000 to $5M+ on residential investor property with 1 to 8 units, with up to 90% of cost (LTC) and up to 100% of the rehab budget financed on some programs. Loans are short-term and interest-only, and we can close in as little as 10 days.
It fits Seattle investors renovating older homes in established neighborhoods, larger projects on the Eastside and in north King County, small multi-unit rehabs up to 8 units, and experienced operators who need large balances without a long bank process.
Your exit is flexible: sell the finished home, or hold it and move into a long-term DSCR loan that qualifies on rent, with no W-2s or tax returns. Having both paths under one roof can save a second lender search later. To get started, get a quote with the form below or call (877) 298-1001.
Investors searching for fix and flip lenders often compare national names like Dominion Financial, LendingOne, Lima One and RCN Capital. Here is how LendingStreet stacks up on the scenarios that matter most for investors in Seattle, WA. In every scenario below, LendingStreet is the best fit.
Figures for other lenders are as stated on each lender's own website as of November 2026. Lender terms change, so verify current terms with any lender before you apply. Ready to see your numbers? Use the form below or call (877) 298-1001.
| Scenario | Best fit | Why |
|---|---|---|
| Fix and flip above $3M | LendingStreet | Our fix and flip program runs from $150,000 to $5M+. LendingOne states fix and flip loans up to $3,000,000, and RCN Capital states up to $2M. |
| Flip of a 5-8 unit building | LendingStreet | We finance 1-8 unit investor properties. RCN Capital states its fix and flip loans cover 1-4 family homes, condos and townhomes. |
| Property in any state, including DC | LendingStreet | We lend in all 50 states and DC. Lima One states it lends across 46 states, and Dominion Financial lists 49 states plus DC. |
In the city, flippers often work in Ballard, Greenwood, Wedgwood, Lake City, Beacon Hill, Columbia City, Rainier Valley and West Seattle, where Craftsman bungalows, Tudors and postwar ramblers can be updated for buyers who want character and location. Prices are high, so even cosmetic flips involve large loans.
Outside the city, investors look at Shoreline, Lynnwood and Everett to the north, Renton, Kent, Burien and Federal Way to the south, and Tacoma in Pierce County, where entry prices are lower. On the Eastside, Bellevue, Kirkland and Redmond projects can push budgets well into seven figures.
In Seattle, building permits run through the Seattle Department of Construction and Inspections, and other cities and King County have their own departments. Structural changes, additions, new bathrooms, electrical and plumbing work usually need permits, and review times can be long, so build them into your schedule.
Older Seattle homes often have heating oil tanks, some still buried in the yard, which buyers and insurers will ask about. Other common items are side sewer repairs, knob-and-tube wiring, unreinforced chimneys and seismic retrofits, drainage on sloped lots and lead paint in homes built before 1978.
Here is how the main types of lenders in Seattle handle a short-term rehab loan. Terms vary, so treat the other columns as typical, not universal.
Pacific Northwest banks and credit unions can offer good terms to borrowers with strong income and time, but approvals can be slow and investor limits vary. Local hard money and private lenders are often quick, yet fees and terms vary, and many cap their balances or offer no long-term option. LendingStreet combines large balances, speed and a DSCR refinance path.
| What flippers need | LendingStreet | Typical bank or credit union | Typical local hard money lender |
|---|---|---|---|
| Leverage on purchase and rehab | Up to 90% LTC and up to 100% of rehab on some programs | Often lower; varies by bank | Varies widely by lender |
| Closing speed | As little as 10 days | Often several weeks or longer | Often fast; varies |
| Loan size | $150,000 to $5M+ | Varies; investor lending limits are common | Varies by lender |
| Borrowing in an LLC | Standard on our investor loans | Varies; may require more paperwork | Usually allowed |
| Long-term option after the rehab | Refinance into a 30-year DSCR loan qualified on rent | Possible, but often requires tax returns and full income documentation | Usually short-term only |
| Where they lend | All 50 states and DC | Usually a local or regional footprint | Often local or regional |
This example is illustrative and not a quote. An investor buys a 1920s Beacon Hill Craftsman for $780,000 and plans a $190,000 rehab: new kitchen and baths, electrical and plumbing updates, oil tank decommissioning, seismic bolting, paint and landscaping.
The loan covers 85% of the purchase price ($663,000) plus 100% of the rehab ($190,000), for a total of $853,000. Against a total project cost of $970,000, that is about 87.9% loan-to-cost, inside the 90% limit on some programs. The investor brings $117,000 toward the purchase, about $11,700 in buyer closing costs and about $62,000 in holding costs over 7 months (interest, taxes, insurance, utilities), roughly $190,700 in all.
If the home sells for $1,195,000 and selling costs run about $95,600, the estimated profit before income taxes is about $55,700, roughly 29% on the cash invested. Selling costs are budgeted higher here because Washington's graduated excise tax, paid by the seller, rises with price.
| Line item | Amount |
|---|---|
| Purchase price | $780,000 |
| Rehab budget | $190,000 |
| Total project cost | $970,000 |
| Loan (85% of purchase + 100% of rehab) | $853,000 |
| Loan-to-cost | About 87.9% |
| Buyer closing costs (estimate) | $11,700 |
| Holding costs, 7 months (estimate) | $62,000 |
| Investor cash in the deal | $190,700 |
| Resale price (after repair value) | $1,195,000 |
| Selling costs (estimate) | $95,600 |
| Estimated profit before income taxes | $55,700 |
Washington charges a real estate excise tax (REET) on sales, usually paid by the seller. The state rate is graduated, rising as the price crosses set thresholds, and Seattle and most cities add a local REET on top. On a $1M+ resale, REET is a significant line, so use the current Department of Revenue brackets when you model your exit.
Buyers pay title insurance, escrow, recording and lender closing costs. King County property taxes are based on assessed value, and your hold-period bill should be estimated at the full rate. Insurance for a vacant home under renovation may require a builder's risk or vacancy policy. Confirm current costs with your escrow officer and insurance agent.
Seattle's market is strongest in spring and early summer, and well-finished homes in popular neighborhoods tend to draw solid interest. Higher-priced homes can take longer, and buyers are sensitive to permits and inspection findings, so finish the work cleanly and keep records.
If you decide to hold, Seattle rents can support a DSCR refinance on many properties. Our DSCR loans qualify on rent with a 1.0x standard minimum DSCR, and our jumbo DSCR program covers about $1.5M to $5M+ for high-value rentals, with max LTV that varies by program. Seattle has strict landlord-tenant rules, so understand them before you rent.
Whoever you talk to, ask the same questions so you can compare offers side by side.
Here is how LendingStreet answers: up to 90% LTC and up to 100% of rehab on some programs; a 1.0x standard minimum DSCR on the rental refinance, with sub-1.0 programs available; seasoning that varies by program; LLC borrowers as standard; closings in as little as 10 days; and loans from $150,000 to $5M+, with larger balances reviewed case by case.
Send the address, purchase price, rehab budget, permit plan and resale estimate. We will size the loan on cost, review the timeline and come back with clear options. Get a quote with the form below or call (877) 298-1001.
LendingStreet is our top pick, with $150,000 to $5M+ loans, up to 90% LTC, up to 100% of rehab on some programs and closings in as little as 10 days. Get a quote with the form below or call (877) 298-1001.
Yes. LendingStreet finances investor property in Seattle, King, Snohomish and Pierce counties, and lends in all 50 states and DC.
Yes. Our fix and flip loans run up to $5M+, and larger balances are reviewed case by case with a full valuation.
Long permit reviews add holding costs and can push your schedule. Plan for them in your budget, and tell us your permit plan when you apply.
In as little as 10 days when the file is complete. Escrow, title and valuation timing are the usual pacing items.
Many Seattle lots allow additional units, but confirm with the city first. Residential investor property up to 8 units fits our programs.
Yes. LLC borrowers are standard on our business-purpose investor loans.
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