We fund loans from $50,000 to $2 million, secured by real estate in Oregon, Washington and Idaho.
What sets your loan amount
Because our lending is equity-based, the amount you qualify for is driven by the property and your plan for it rather than your credit score or tax returns. We look at the property's value and condition, how much equity is in it, and how you plan to repay, whether that is a sale, a refinance or another exit.
What we lend on
The same range covers investment property loans on single-family homes and rentals, rehab loans on properties that need work, and commercial loans on commercial and industrial buildings. We have done commercial lending across the Pacific Northwest for decades, and as commercial lenders we underwrite those deals on the building and the plan, not on a bank's checklist.
Why the $2 million cap
We are private individuals making these loans, not a large bank. Our funds are somewhat limited, and we do not want to put more than $2 million into any one deal. That protects our portfolio and our capital so we can keep lending across many borrowers instead of concentrating too much on a single loan.
Why the $50,000 floor
It is not that we cannot lend less than $50,000. The floor is there because of the $2,500 minimum loan origination fee. On a smaller loan that fee becomes such a large share of the amount borrowed that the deal often does not make sense for the borrower. We would rather be upfront about that than push a loan where the fee eats too much of the proceeds.
If your deal sits outside $50,000 to $2 million, call 503-941-5473 and we will tell you straight away whether we can help.