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503-941-5473

5335 Meadows Rd, Suite 380
Lake Oswego, OR 97035

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503-941-5473

Collateral Based or Asset Based Loans

What Are Collateral Based Loans?

Asset-based or Collateral Based lending are loans that are primarily secured by an asset.  These types of loan should only be considered when more conventional lines of credit that are based on your creditworthiness cannot be achieved.

In truth all mortgages are asset based to some extent, as every lender, bank, credit union, or private lender will want to have a security interest in the property you are buying or refinancing.  The difference in an asset-based loan is the priority given to the credit worthiness of the borrower.

Asset-based lenders generally will not care about your credit score, payment history, defaults, or bankruptcies.  Their primary reason for granting the loan is the fact that if you can not repay the loan, the assets can be sold to recoup the lenders loan.

A Hard Money Loan is a type of collateral or asset-based loan in which the equity in a piece of real estate is the primary factor for granting the loan. Other types of asset based loans not offered by Northwest Private Lending include Business lines of credit and Factoring of receivables.

Northwest Private Lending Inc NMLS #1522364 // Oregon ML 5496 // MBL 2081522364 is based in Portland, Oregon with a branch office in Boise, Idaho NMLS #2236501. NW Private Lending is an equal opportunity hard money lender. WE PROVIDE QUICK ACCESS TO CAPITAL FOR BORROWERS, REAL ESTATE AGENTS AND MORTGAGE BROKERS IN OREGON, WASHINGTON AND IDAHO. NW PRIVATE LENDING IS A COLLATERAL BASED LENDER FOCUSING ON BRIDGE LOANS, FIX AND FLIP LOANS, REHAB LOANS, COMMERCIAL LOANS AND NON-OWNER-OCCUPIED REAL ESTATE INVESTMENT PROPERTIES.

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