A private money loan involves borrowing from an individual or business lending their own saved capital or borrowed funds. Unlike banks that lend depositors' money, private lenders are just people like you who set their own loan terms and requirements.
Private lenders commonly overlook credit scores, back taxes, and bankruptcies that would disqualify conventional borrowers. Loans are typically secured by valuable assets, most commonly real estate through a lien arrangement.
Benefits include flexible qualification standards, faster approval processes, and customized loan terms.
Borrowers should work with trustworthy lenders and check references or reviews before borrowing.
Northwest Private Lending brings nearly 40 years of family-office lending that has financed nearly seven hundred million dollars since 1987. Clunas Funding Group was rebranded as Northwest Private Lending in 2016 and lends $50,000 to $2,000,000 per loan on investment real estate in Oregon, Washington, and Idaho, with transparent practices and fair treatment of borrowers.