Washington State Commercial Real Estate Loans
Washington State hosts one of the most dynamic commercial real estate markets in the country. The Seattle-Eastside tech corridor drives multi-family and office demand; the Puget Sound port and logistics network underpins industrial investment; and Eastern Washington’s agricultural economy supports a distinct set of commercial property types in its own right.
We originate commercial real estate loans for Washington investors across the full property spectrum: 5+ unit multi-family, mixed-use, office, retail, industrial, and self-storage.
Commercial real estate loans qualify on the property’s cash flow, not personal income documentation. No tax returns required.
We are a nationwide private commercial lender — commercial loans are available in all 50 states and are not subject to the state licensing restrictions that apply to our residential mortgage products.
Check Commercial Loan Eligibility Talk to a Commercial Specialist — (833) 350-9185Washington Commercial Markets We Serve
Seattle and the Eastside Seattle’s commercial market is defined by tech sector density (Amazon, Microsoft, Google, Meta), healthcare anchors (UW Medicine, Swedish), and one of the most constrained multi-family supply environments in the West. Bellevue and the Eastside have emerged as standalone commercial hubs with Class A office, luxury multi-family, and suburban retail demand. We finance commercial properties across Seattle, Bellevue, Kirkland, Redmond, Renton, and the surrounding Puget Sound core.
South Sound and Tacoma Tacoma’s industrial and logistics demand — driven by proximity to the Port of Tacoma — makes it one of the strongest industrial investment markets in the Pacific Northwest. South Sound multi-family has benefited from relative affordability compared to Seattle, drawing renters south. We originate commercial loans in Tacoma, Gig Harbor, Federal Way, Auburn, Puyallup, and Olympia.
North Puget Sound and Bellingham The Boeing and defense ecosystem in Everett, Marysville, and Mukilteo drives industrial and multi-family demand in Snohomish County. Bellingham, near the Canadian border, has a strong university economy (WWU) and growing multi-family market. We originate commercial loans across Snohomish and Whatcom Counties.
Spokane and Eastern Washington Spokane is the commercial hub of Eastern Washington and northern Idaho. Healthcare (Providence, MultiCare), higher education (WSU, Gonzaga, EWU), and government are the primary economic drivers. The Tri-Cities (Kennewick, Richland, Pasco) have a distinct DOE/defense economy tied to the Hanford complex. We work across Eastern Washington including Yakima, Wenatchee, and the Tri-Cities.
Property Types We Finance in Washington
| Property Type | Min Loan | Typical LTV | Notes |
|---|---|---|---|
| Multi-family (5+ units) | $500K | 70–75% | Apartment buildings, garden-style, mixed residential |
| Mixed-use | $500K | 65–75% | Retail/residential combos; commercial first floor + apartments |
| Office | $750K | 65–70% | Medical, professional, flex-office; Class A Eastside deals welcome |
| Retail | $500K | 65–70% | Strip centers, NNN single-tenant, neighborhood retail |
| Industrial / warehouse | $750K | 65–75% | Light industrial, flex, logistics; port-adjacent premium |
| Self-storage | $1M | 65–70% | Existing stabilized facilities |
Typical Loan Terms
| Feature | Range |
|---|---|
| Loan amounts | $500,000 – $10,000,000+ |
| Term | 5, 7, or 10-year fixed with 25–30 year amortization |
| LTV | 65–75% depending on property type |
| DSCR minimum | 1.20–1.30 |
| Close time | 45–75 days |
| Income docs | Not required — property cash flow qualifies |
| Vesting | LLC preferred; single-asset SPV standard |
| Reserves | 6–12 months operating + capex |
Frequently Asked Questions
Related Programs
- Commercial Loans (Nationwide) — Full program overview, all 50 states
- Washington DSCR Loans — 1–4 unit residential investment properties
- Washington Bank Statement Loans — Self-employed borrower residential program
- Washington Mortgage Programs — All products available in Washington
Check Commercial Loan Eligibility Talk to a Commercial Specialist — (833) 350-9185
1st Nationwide Mortgage, NMLS 1281. Commercial real estate loans subject to property underwriting, sponsor qualification, and lender approval. Terms, LTV, and DSCR minimums vary by property type and loan amount. Not all applicants or properties will qualify. Commercial loans are available in all 50 states and are not subject to residential NMLS licensing restrictions.
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