CRE Bridge in Tacoma

Yes, and the scale is real. Port of Tacoma lines of business plus the Northwest Seaport Alliance South Harbor supported 41,095 jobs in 2023, with $3.4 billion in compensation and roughly $10.8 billion in revenue. Stacked with Port of Seattle, the alliance supported more than 265,000 jobs and nearly $55 billion in regional output. That cargo base is the tenant demand underneath industrial, flex and small-bay warehouse space in the Tideflats and the Fife, Sumner and Puyallup valley along I-5. Healthcare is the other real anchor: MultiCare Health System is headquartered in Tacoma and, with Virginia Mason Franciscan Health, is expanding clinical capacity locally, though a verified employee count for either system was not available this pass.

No. A business-purpose commercial loan gets the clean, non-judicial track, not the residential front end. Washington forecloses deeds of trust non-judicially under chapter 61.24 RCW, and the statute expressly excludes any deed of trust securing a commercial loan from the pre-foreclosure notice and meet-and-confer requirements built for owner-occupied residential borrowers, and from Foreclosure Fairness Act mediation. Entity-vested investor property is excluded from that mediation a second time over, independent of loan purpose. The 90-day notice-of-sale track applies instead of the 120-day letter track, though every deed of trust in the state, commercial included, still carries a 190-day floor from default to sale under RCW 61.24.040(12). There is no right of redemption after a trustee's sale.

The state's graduated rate plus a flat 0.50% Tacoma local add-on, with no discount for being inside the city. Every jurisdiction in Pierce County, Tacoma included, levies the full 0.50% local REET rate, effective March 2026. That stacks on the state's graduated schedule: 1.10% up to $525,000, 1.28% from $525,000.01 to $1,525,000, 2.75% to $3,025,000, and 3.00% above, effective since 2023. On a $600,000 sale that works out to state REET of ($525,000 x 1.10%) plus ($75,000 x 1.28%), or $5,775 plus $960, for $6,735, plus the $3,000 Tacoma local add-on, for $9,735 total, about 1.62% of price. Who customarily pays REET in a given deal was not verified in the research and should not be assumed; confirm it with your closing attorney.

Pierce County revalues every property annually, with no cap absorbing the increase. All taxable property is revalued each year, with a physical inspection cycle running once every six years per parcel, one sixth of the county at a time. Washington sets no cap on assessment increases and, unlike an owner-occupant, an investor gets no homestead exemption, so a rehab or repositioning that lifts market value shows up in the following year's assessment with nothing to soften it. Model the tax line against your projected ARV or stabilized value, not the purchase price. Appeals go to the Pierce County Board of Equalization by July 1 of the assessment year, or within 60 days of the value-change notice, whichever is later. The county's own composite levy rate table was not accessible this pass, so no specific rate per $1,000 or effective percentage can be published here; get the parcel's tax code area rate from the Assessor-Treasurer before you underwrite.

A business-purpose loan made through a licensed or exempt commercial lender sits outside the consumer usury framework. Washington's business-purpose licensing exemption and the entity shield under chapter 19.52 RCW are built around loans made for other than personal, family or household purposes, and a commercial bridge loan on an income-producing or repositioning asset is a business-purpose loan by its own terms. That does not remove underwriting discipline. All figures on this page are subject to underwriting, and specific rate and fee treatment for a given borrower and entity structure should be confirmed with your own counsel before closing.

Yes, and it varies block to block rather than applying citywide. Liquefaction susceptibility is low across much of Tacoma but rises to high in the Tideflats and the Dune Peninsula and Point Ruston area, both squarely inside the port-adjacent industrial submarket a CRE bridge deal is most likely to target. Farther out in the Puyallup river valley, Pierce County operates 42 outdoor warning sirens for a mapped Mount Rainier lahar hazard, with the alert corridor running from Orting down to the Port of Tacoma. Neither of these is a reason to avoid the area; the port's job base and the industrial rehab spread are real. They are reasons to pull a site-specific geotechnical and hazard read as part of diligence rather than assuming a citywide answer.

Roughly a quarter of the value, plus closing costs. We go to up to 75% LTV, to a program maximum of $10M, on an interest-only term of up to 24 to 36 months. On a $2,000,000 Tacoma industrial or flex building that is up to $1,500,000 from us and $500,000 from you (2,000,000 x 75% = 1,500,000), whether the structure is an acquisition or a cash-out against equity you already hold. Subject to underwriting.

Usually yes, because there is no minimum score on this program. We pull credit, but on an asset-based commercial loan it carries far less weight than at a bank: the building, the equity and the exit are what we underwrite. Weaker credit is normally handled with lower leverage rather than a decline, and there is no hard credit pull to start a Tacoma file. Subject to underwriting.