Redmond, WA · KING County County · 2026 Population: 62,708 · NMLS #2827624 · AZ CMB #CMB-2016143

Redmond, Washington DSCR, Hard Money, Fix & Flip & 5–25+ Unit Multifamily Loans

Redmond, WA Local Underwriting Snapshot (KING County County): With a 2026 population of 62,708, Redmond carries an effective property tax rate of 0.92%, a median 1–4 unit investment property price of $555,000, and a median market rent of $3,650/mo. At 75% LTV ($416,250 loan amount), estimated monthly PITIA is $3,388/mo, yielding an estimated baseline DSCR of 1.08x. For 5–25+ unit apartment buildings in Redmond, typical valuation averages $233,100/door with $2,025/mo/door market rents.

County & 2026 PopulationKING County County (62,708)

Effective Property Tax Rate0.92% ($426/mo)

Median 1–4 Unit Price & Rent$555,000 · $3,650/mo

5–25+ Unit Multifamily Avg$233,100/door · $2025/mo

WA Foreclosure & SecurityNon-Judicial (Washington Deed of Trust Act — RCW 61.24) (125–150 days)

Redmond, WA Pre-Populated Underwriting Terminal

1–4 Unit PITIA vs. 5–25+ Unit Commercial NOI Simulator

Loan Daddy LLC · NMLS #2827624 · AZ CMB #CMB-2016143 · Canonical Integer _cents & _bps Engine

1. Select Property Unit Tier Bracket

2. Exact Number of Units / Doors (MISMO FinancedUnitsCount)1 Unit

Price/Door: $555,000·Loan/Door: $416,250·Avg Rent/Door: $3,650/mo

Property Value / Purchase Price$555,000

Target LTV %75%

Base Note Rate %6.625%

Gross Monthly Rent (Form 1007 / Lease / STR Projection)$3,650/mo

Tax Rate (%)

Annual Ins ($)

Monthly HOA ($)

Prepayment Stepdown Structure

Amortization & FICO Tier

Calculated DSCR Coverage Ratio

Canonical: 111 bps · 7500 bps LTV · 6625 bps Rate

1.11x

1.00x Breakeven DSCR Eligible (1–4 Units)

Loan Amount (75% LTV)$416,25041,625,000 _cents

Monthly P&I Debt Service$2,665/mo@ 6.625% Note Rate

Total Monthly PITIA$3,285/moTax: $426 · Ins: $194

Net Monthly Cash Flow+$365/mo$4,379/yr net

Get 30-Sec Quote →Full 1003 / MISMO Apply →

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)	$3,285/mo	1.11x
Option B: Balanced Par (36-Mo Stepdown)	3-2-1	6.875%	-75 bps (-0.750 pt)	$3,354/mo	1.09x
Option C: Max Cash Flow (10-Yr Interest-Only)	3-2-1 IO	7.000%	+38 bps IO LLPA	$3,048/mo	1.20x

Many DSCR lenders focus on the property's rent, not your tax returns. Not all applicants will qualify; terms vary by lender. Loans made or arranged pursuant to a California Financing Law license, #60DBO-218873.

Redmond, WA Short-Term Rental (STR), ADU & Legal Underwriting Notes

Local Municipal & Zoning Guidance: Wholesale DSCR and multifamily lenders in Redmond (KING County County, WA) underwrite both 12-month long-term leases (Form 1007 / Form 1025) and compliant short-term rentals (Form 1007 STR / 12-month booking ledger) subject to local municipal registration.

Washington Statutory Security Instrument: Loans in Redmond (KING County County) are secured via Deed of Trust (Power of Sale) under Washington's Non-Judicial (Washington Deed of Trust Act — RCW 61.24) framework (125–150 days). Insurance underwriting note: Standard DP-3 landlord dwelling fire, general liability & rent-loss coverage required..