Washington DSCR, Hard Money, Fix & Flip, Construction & Multifamily Loans
Washington (WA) Underwriting Snapshot (BLUF): Wholesale business-purpose investment property loans in Washington utilize Non-Judicial (Washington Deed of Trust Act — RCW 61.24) security instruments, with an average non-homestead effective property tax rate of 0.88%, a median 1–4 unit investment home price of $565,000 (median rent $3,750/mo), and 5+ unit multifamily market rents averaging $2,080/door. Arranged by Loan Daddy LLC (NMLS #2827624).
SECURITY INSTRUMENT
Non-Judicial (Washington Deed of Trust Act — RCW 61.24)EFFECTIVE PROPERTY TAX
0.88% Avg ($414/mo)MEDIAN 1–4 UNIT PRICE & RENT
$565,000 · $3,750/mo5+ UNIT MULTIFAMILY RENT
$2,080/door/moWashington Pre-Populated Underwriting Terminal
1–4 Unit PITIA vs. 5–25+ Unit Commercial NOI Simulator
Loan Daddy LLC · NMLS #2827624 · AZ CMB #CMB-2016143 · CA CFL #60DBO-218873 · Canonical Integer _cents & _bps Engine
Price/Door: $565,000·Loan/Door: $423,750·Avg Rent/Door: $3,750/mo
Prepayment Stepdown Structure
Amortization & FICO Tier
Calculated DSCR Coverage Ratio
1.13xCanonical:
113 bps · 7500 bps LTV · 6625 bps Rate1.00x Breakeven DSCR Eligible (1–4 Units)
Loan Amount (75% LTV)$423,75042,375,000 _cents
Monthly P&I Debt Service$2,713/mo@ 6.625% Note Rate
Total Monthly PITIA$3,325/moTax: $414 · Ins: $198
Net Monthly Cash Flow+$425/mo$5,095/yr net
Wholesale PPE Multi-Option Execution Comparison (Borrower-Paid 2.000% Default · 39 Wholesale Lenders)
| Execution Option | Prepay Structure | Est. Note Rate | Prepay Price Credit | Monthly Debt Service | DSCR Ratio |
|---|---|---|---|---|---|
| Option A: Lowest Rate (60-Mo Stepdown) | 5-4-3-2-1 | 6.625% | -100 bps (-1.000 pt) | $3,325/mo | 1.13x |
| Option B: Balanced Par (36-Mo Stepdown) | 3-2-1 | 6.875% | -75 bps (-0.750 pt) | $3,396/mo | 1.10x |
| Option C: Max Cash Flow (10-Yr Interest-Only) | 3-2-1 IO | 7.000% | +38 bps IO LLPA | $3,084/mo | 1.22x |
Many DSCR lenders focus on the property's rent, not your tax returns. Not all applicants will qualify; terms vary by lender.
Washington Cities with Population ≥ 50,000 (24 Markets)
Click any Washington city below to open its localized DSCR & Commercial Multifamily underwriting desk with county property tax rates, median rent benchmarks, and a pre-populated city deal calculator:
| City (WA) | County | 2026 Est. Pop | Effective Tax Rate | Median 1–4 Unit Price | Median Monthly Rent | 5+ Unit Rent/Door |
|---|---|---|---|---|---|---|
| Seattle, WA → | KING County County | 711,121 | 0.83% | $645,000 | $4,300/mo | $2,375/door |
| Spokane, WA → | SPOKANE County County | 229,686 | 0.93% | $630,000 | $4,150/mo | $2,325/door |
| Tacoma, WA → | PIERCE County County | 221,756 | 0.92% | $625,000 | $4,150/mo | $2,300/door |
| Vancouver, WA → | CLARK County County | 182,471 | 0.93% | $630,000 | $4,150/mo | $2,325/door |
| Bellevue, WA → | KING County County | 146,051 | 0.9% | $580,000 | $3,800/mo | $2,125/door |
| Kent, WA → | KING County County | 135,634 | 0.88% | $510,000 | $3,400/mo | $1,900/door |
| Everett, WA → | SNOHOMISH County County | 114,853 | 0.9% | $580,000 | $3,800/mo | $2,125/door |
| Renton, WA → | KING County County | 105,733 | 0.93% | $560,000 | $3,700/mo | $2,050/door |
| Yakima, WA → | YAKIMA County County | 101,650 | 0.83% | $525,000 | $3,500/mo | $1,925/door |
| Federal Way, WA → | KING County County | 101,080 | 0.88% | $540,000 | $3,600/mo | $2,000/door |
| Spokane Valley, WA → | Spokane Valley Metro County County | 99,313 | 0.88% | $540,000 | $3,600/mo | $2,000/door |
| Kirkland, WA → | KING County County | 92,029 | 0.93% | $560,000 | $3,700/mo | $2,050/door |
| Bellingham, WA → | WHATCOM County County | 90,068 | 0.88% | $510,000 | $3,400/mo | $1,900/door |
| Kennewick, WA → | BENTON County County | 83,671 | 0.86% | $505,000 | $3,400/mo | $1,875/door |
| Auburn, WA → | KING County County | 81,597 | 0.84% | $495,000 | $3,350/mo | $1,850/door |
| Pasco, WA → | FRANKLIN County County | 73,683 | 0.88% | $540,000 | $3,600/mo | $2,000/door |
| Marysville, WA → | SNOHOMISH County County | 68,963 | 0.93% | $560,000 | $3,700/mo | $2,050/door |
| Lakewood, WA → | PIERCE County County | 64,416 | 0.84% | $530,000 | $3,550/mo | $1,950/door |
| Redmond, WA → | KING County County | 62,708 | 0.92% | $555,000 | $3,650/mo | $2,025/door |
| Shoreline, WA → | Shoreline Metro County County | 59,721 | 0.84% | $530,000 | $3,550/mo | $1,950/door |
| Richland, WA → | BENTON County County | 57,130 | 0.92% | $590,000 | $3,850/mo | $2,125/door |
| Sammamish, WA → | KING County County | 54,684 | 0.83% | $525,000 | $3,500/mo | $1,925/door |
| Burien, WA → | Burien Metro County County | 54,345 | 0.86% | $505,000 | $3,400/mo | $1,875/door |
| Olympia, WA → | THURSTON County County | 52,688 | 0.84% | $530,000 | $3,550/mo | $1,950/door |