Rain City Capital
Rain City Capital is a direct hard money lender founded in 2009 that provides Fix & Flip, DSCR rental, ground-up construction, and bridge loans to real estate investors across 24+ U.S. states.
- Company typePrivate
- Founded2009
- HeadquartersKirkland, United States
- Headcount51–100
- GTM typeB2B
- OfferingServices
What Rain City Capital does
Rain City Capital, LLC is a direct hard money lender founded in 2009 and headquartered in Kirkland, Washington, that provides bridge and specialty financing to individual and small-portfolio real estate investors across 24+ U.S. states. The company operates as a private, self-funded lender using its own balance sheet capital rather than acting as a broker or relying on warehouse facilities typical of bank-originator models. As of available data, it employs 51-100 staff and is registered as NMLS ID #2577725 with state lending licenses including AZ Mortgage Banker License BK-1051866 and CA Finance Lender license #60DBO-203845.
The core product portfolio consists of four loan programs: Fix & Flip (short-term bridge loans up to 95% LTC, 12-month interest-only terms, non-Dutch interest structure); DSCR Rentals (long-term rental financing underwritten on property cash flow rather than personal income, supporting single-family through larger multifamily); Ground-Up Construction (draw-based financing up to 90% LTC with milestone verification, 12-24 month terms); and Bridge (short-term gap financing with same-day pre-approvals). Property-specific underwriting evaluates the asset, deal plan, and borrower experience rather than relying on traditional W-2 income or credit profile metrics. Distribution occurs through a direct inside-sales phone channel (425-434-9009), an online borrower portal for applications and draw management, and a Broker Partner Program with protected client relationships and a white-label portal. Loan servicing and payments are processed through a Tandem Servicing integration.
Revenue is generated primarily through interest charged on outstanding loan balances, with transaction-based pricing that varies by borrower experience level and deal characteristics. The company reports $2B in cumulative loans funded since inception, 96% successful borrower exits, and 80%+ repeat borrower rate. Operational metrics emphasize 24-48 hour approval timelines and same-day pre-approvals. Growth has been supported by capital raises of $45M in 2011 and 2022, and $200M in October 2024. Leadership consists of founder and president Fred Rea, EVP/COO Pam Drexler, EVP/CFO Nathaniel "Buster" Brown, and director Devang Patel.
Rain City Capital firmographics
Firmographics- Name
- Rain City Capital
- Legal name
- Rain City Capital, LLC
- Website
- https://raincitycapital.com
- Company type
- Private
- Founded year
- 2009
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Rain City Capital is a direct hard money lender founded in 2009 that provides Fix & Flip, DSCR rental, ground-up construction, and bridge loans to real estate investors across 24+ U.S. states.
- Ownership category
- akta.pro rank
Rain City Capital industry classification
Industry- Product category
- Real Estate Private Lending
- NAICS
- Real Estate Credit (522292), Credit Intermediation and Related Activities (522)
- SIC
- Mortgage Bankers & Loan Correspondents (6162), Short-Term Business Credit Institutions (6153)
- akta.pro primary industry
- Hard Money & Private Mortgage Lending Intermediation (FSAEAEAH)
- akta.pro secondary industries
- Land Acquisition, Lot Development & Construction Financing (AD&C) (FSALAHAI), Construction & Development (C&D) Lending — Commercial/Multifamily (FSALADAH)
Keywords
Where Rain City Capital is headquartered
LocationHeadquarters
- HQ city
- Kirkland
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Rain City Capital business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Supply Chain
Revenue model
- Hard Money Lending Interest: Rain City Capital generates revenue through interest charged on short-term real estate loans. They offer Fix & Flip (12-month terms), DSCR Rental financing, and Ground-Up Construction loans (12-24 months). Interest-only payments with terms structured for investor exit strategies. Loan amounts based on LTV/LTC ratios with up to 95% LTC for qualifying Fix & Flip deals.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Fix & Flip loans - Up to 95% LTC, 12-month term, interest-only payments, non-Dutch interest structure (pay only what you draw) |
| Transaction based/ take rate | Pay-as-you-go | DSCR Rental loans - Based on property cash flow, no experience required |
| Transaction based/ take rate | Pay-as-you-go | Ground-Up Construction loans - Up to 90% LTC with 3 verified SREOs, 12-24 month terms |
| Transaction based/ take rate | Pay-as-you-go | Bridge loans - Short-term financing with same-day pre-approvals, 12-month minimum term |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels5 records
Rain City Capital product offering
Product offeringCore offering
Rain City Capital is a direct hard money lender that funds real estate investors with asset-based short-term and long-term loans. Its product suite covers Fix & Flip bridge loans, DSCR Rental loans, Ground-Up Construction financing, and Bridge gap loans, supplemented by a broker partner program that delivers these products through a white-label channel.
Product overview
Rain City Capital operates as a direct hard money lender offering a unified suite of loan products for real estate investors. The core product portfolio consists of four lending programs—Fix & Flip (short-term bridge loans for renovation projects), DSCR Rentals (cash-flow-based long-term rental financing), Ground-Up Construction (draw-based construction loans), and Bridge (short-term gap financing)—supported by a broker partner program with white-label portal capabilities. All loan products are accessed through a centralized borrower account platform that integrates loan applications, draw requests, and payment servicing via Tandem Servicing.
Differentiator
Problem solved
Functional benefit
Products and services
- Fix & Flip Loans Short-term hard money bridge loans (12-month terms) for real estate investors purchasing and renovating distressed properties to resell for profit. Offers up to 95% LTC, renovation funding bundled with purchase financing, and third-party-verified draw reimbursements. Targets Fix & Flip investors who cannot qualify or wait for traditional bank financing.
- DSCR Rental Loans Long-term rental property financing qualified by the property's Debt-Service Coverage Ratio rather than borrower W-2 income, available for single-family homes through fourplexes and larger multifamily properties. Enables portfolio scaling without personal DTI limits and supports cash-out and rate-and-term refinancing. Targets buy-and-hold investors including self-employed borrowers and retirees.
- Ground-Up Construction Loans Construction financing from vacant land through completed structure for single-family, multifamily, and commercial projects. Provides up to 90% LTC with three verified SREOs, 12-24 month terms, milestone-based draw schedules, and interest that accrues only on amounts drawn. Targets investors and builders who cannot obtain construction financing from traditional lenders.
- Bridge Loans Short-term bridge financing with same-day pre-approvals and 12-month minimum terms for time-sensitive property acquisitions and gap financing between transactions. Underwriting focuses on property value rather than borrower credit and can include renovation funding for distressed or undervalued purchases. Targets investors needing rapid capital to close quickly.
- Broker Partner Program Channel partner program for mortgage brokers offering Fix & Flip, DSCR Rental, Ground-Up Construction, Bridge-to-Rent, and Cash-Out Refi products. Includes protected client relationships, volume-based preferred pricing, common-sense underwriting, transparent pricing, and a white-label broker portal. Designed for brokers serving real estate investor clients.
Quantifiable outcome
- 96% successful loan exits
- +4 more outcomes
Companies that use Rain City Capital
Customer profileNamed customers4 records
Segments5 records
Ideal customer profiles4 records
Rain City Capital technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
Rain City Capital partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Broker PartnerscoreBroker partner program offering protected client relationships, competitive pricing based on volume, and white-label portal technology. Partners can offer Fix & Flip, DSCR Rental, Ground-Up Construction, Bridge-to-Rent, and Cash-Out Refi products. Common-sense underwriting and transparent pricing designed to help brokers win and retain investor clients.
Scale indicators7 records
Recent moves6 records
Expansion highlights6 records
Rain City Capital competitors and assessment
Company assessmentDirect peers
- Kiavi: Kiavi (formerly LendingHome) is a direct hard money lender focused on real estate investors with fix-and-flip, rental, and new construction loan products. Closely matches Rain City's product mix, target customer (real estate investors), and tech-enabled origination approach.
- Newfi Lending: Newfi is a non-QM and investor-focused lender offering fix-and-flip, DSCR rental, and ground-up construction financing. Directly comparable to Rain City in target market (real estate investors), product suite, and asset-based underwriting approach.
- Lima One Capital: Lima One Capital specializes in fix-and-flip, rental, and new construction loans for real estate investors. Direct competitor with overlapping products (DSCR, ground-up construction, bridge) and similar SMB investor focus as Rain City.
- Anchor Loans: Anchor Loans is a major hard money lender focused on residential fix-and-flip and rental property financing. Directly comparable to Rain City in loan products, target investor segment, and asset-based underwriting discipline.
- LendingOne: LendingOne provides hard money loans for real estate investors including fix-and-flip, rental, and new construction financing. Closely aligned with Rain City in product portfolio and target customer profile (SMB real estate investors).
- Gelt Financial: Gelt Financial is a private direct hard money lender offering fix-and-flip, rental, and commercial bridge loans. Directly comparable in business model (direct private lender), product mix, and investor target market to Rain City.
- RCN Capital: RCN Capital is a private lender providing fix-and-flip, rental, and construction loans to real estate investors. Comparable in target market (SMB investors), product offerings, and direct private lender model.
- CoreVest Finance: CoreVest (acquired by Redwood Trust) is a direct lender specializing in rental and fix-and-flip financing for real estate investors. Direct competitor in the investor lending space with overlapping products including DSCR and ground-up construction.
- Patch of Land: Patch of Land is a marketplace hard money lender for real estate investors, offering fix-and-flip and rental financing. Comparable target customer and product focus, though Patch operates a marketplace model vs. Rain City's direct balance sheet lending.
Emerging players
- Visio Financial Services: Visio Financial (now Defy Mortgage) provides bridge, construction, and rental loans for real estate investors. Similar product mix and investor focus as Rain City, though smaller scale and emerging position in the market.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Rain City Capital social profiles
Digital presenceRain City Capital compliance and trust
Trust signalCompliance3 records
Rain City Capital financial estimates
Financial estimateRevenue estimate
Valuation estimate
Rain City Capital leadership team
Management profileNumber of profiles
Profiles4 records
Rain City Capital subsidiaries and ownership
Company hierarchySubsidiaries1 record
Rain City Capital funding detail
Funding detailFunding overview
Funding rounds4 records
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Rain City Capital M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Rain City Capital
What does Rain City Capital do?
Rain City Capital is a direct hard money lender that funds real estate investors with asset-based short-term and long-term loans. Its product suite covers Fix & Flip bridge loans, DSCR Rental loans, Ground-Up Construction financing, and Bridge gap loans, supplemented by a broker partner program that delivers these products through a white-label channel.
Is Rain City Capital a public or private company?
Rain City Capital is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Rain City Capital founded?
Rain City Capital was founded in 2009. It employs 51 to 100 people.
Where is Rain City Capital based?
Rain City Capital is headquartered in Kirkland, United States, in the North America region.
How does Rain City Capital make money?
One revenue line is on record: hard Money Lending Interest.
Who are Rain City Capital's main competitors?
Direct peers on record are Kiavi, Newfi Lending, Lima One Capital, Anchor Loans, LendingOne, Gelt Financial, RCN Capital, CoreVest Finance and Patch of Land. Visio Financial Services is listed as an emerging player.
Does Rain City Capital have an API?
No public API is recorded for Rain City Capital.
What industry is Rain City Capital in?
Rain City Capital's product category is Real Estate Private Lending. Its primary akta.pro industry code is FSAEAEAH, Hard Money & Private Mortgage Lending Intermediation, with a secondary code of FSALAHAI, Land Acquisition, Lot Development & Construction Financing (AD&C). Its NAICS code is 522292 and its SIC code is 6162.