Northwest Private Lending is a Portland-based private money lender specializing in hard money or collateral-based loans. Our family has been making private mortgage loans to real estate investors for over 30 years. We have made over $600 million in private loans to the good people of Oregon and Washington. Our primary focus is offering quick and creative lending solutions to borrowers who either own real estate or seek to acquire new investment properties. We are people, not an institution. We treat our clients like friends; always seeking to build long-term relationships. We commit to making win/win deals, our yes being our yes, fair treatment in challenging situations, great communication, and consistent reputable decision making.
As a direct private mortgage lender, you are dealing with the person cutting the check and who will service your loan. We provide pre-approval letters on the spot and work one on one with our clients so they can take advantage of time-sensitive opportunities. Our yes is our yes and there are no surprises.
We have the money and are ready to deploy it. We produce our own documents and have a team of people to make sure that your loan closes quickly. We have the relationships that allow our loan to act like cash for your purchase. We enable you to take advantage of cash-only purchases, not conventionally financeable, and bank-owned foreclosures or short-sale property listings. Go get your deal! We are here to back you up.
We charge a 3-point origination fee on the borrowed amount, a $650 document preparation fee, and 1% interest per month. That’s it.
We do not charge extension fees to clients in good standing. Therefore, if you need to keep your loan a little longer, that’s okay and it won’t cost you. We never charge pre-payment penalties. It will not cost you extra if you only need your loan for a few days or a few months.
We have one loan type and we offer it to all people whether you have good or bad credit. We do not charge you more if it is your first transaction or if you have had financial issues in the past. We do not try to rope you in with lower advertised rates only to switch you to a more expensive loan. We do not nickel and dime you with fees to extend loans. We are fair, transparent, and only make loans that are secure for us and a good investment for you.
You are not a number to us. You are a person and have a story. You have a plan and want to make a good investment and you are looking for a lending partner who will treat you fairly.
You will never feel pressured to borrow from us or to borrow more than you need. We will tell you if we think a deal is not in your best interest. We will refer you to other lenders who have a better or less expensive loan product than we have. We do this because we want you to be successful and if we can help in some way, we always will.