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5335 Meadows Rd, Suite 380
Lake Oswego, OR 97035

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503-941-5473

Hard Money Loans Made Simple

Northwest Private Lending is a Portland-based private lender specializing in hard money or collateral based loans with over 30 years of lending experience in Oregon and Washington. Our hard money lending team specializes in offering creative lending solutions to borrowers who either own real estate or seek to acquire new investment properties. We have simple terms and go above and beyond to help our clients secure the private capital they need to succeed!

Why would I use a hard money loan from NWPL

Simple Terms

Loan Origination Fee: 3 Points (min. $2,500)
Doc Fee: $650
Monthly Interest Rate: 1% per month
Monthly Payment: Interest Only
Loan Amount Range: $50,000 up to $2,000,000

Maturity: 1 month to 10 years
Cost to Extend a Loan: $0
Underwriting Fee: $0
Closing Costs: Paid by Borrower
Appraisal: Not Required
Pre-Payment Penalty: $0
Closing: about 5 Business Days

When Hard Money Makes Sense

Types of Services We Offer

 

Real Estate Acquisition & Refinancing

Go after a foreclosure or “CASH ONLY” sale!  NWPL’s Hard Money loans are treated like cash.  Cash offers can get you a huge discount on the purchase price, especially with distressed sellers or bank owned properties.

  • Yes, we can lend when it is not conventionally financeable
  • We do not require inspections, so homes without power or other issues can be a great way to get a deal
  • Loan durations from 1-month to 2-years+
  • NO Pre-Payment / No Extension Fees
  • Interest Only Payments
  • Make a cash offer, we can close in 5 days
  • Cash out Refinances up to 65%

Short Term Business Purpose / “Bridge Loans”

Need capital between to buy while the house is selling?   A Bridge Loan could be perfect!

  • Loan size $25K to $1M
  • No Bank statement requirements
  • No Minimum FICO
  • No tax return requirements
  • 100% financing available when cross-collateralizing two properties
  • No Pre-payment penalties
  • No Extension fees

“Fix N Flip” / “Fix and Flip” Loans

When it is not conventionally financeable, a Fix and Flip loan is a great option.

  • We will loan up to 80% of the purchase price
  • 1% / month, Interest only payments
  • NO Minimum FICO
  • NO tax return requirements
  • NO appraisals
  • NO inspections required
  • NO Prepayment Penalties
  • NO cost extension

Investment & Referral Opportunities

  • Lending Incentive Programs For Private Investors
  • Finder, Referral, and Co-Broker programs for Mortgage Brokers

Fix & Flip/Fix & Hold

Whether you are remodeling with the intent to sell for a profit or remodeling with the intent to keep the property as a rental, the basics are the same. First buy a property at a great discount, then add value to that property or bring it up to conventionally financeable standards.

It is commonly understood that 50% of any investment is made in the purchase. Many investors target distressed properties, foreclosures, bank-owned properties or situations involving a highly motivated seller. Great deals don’t last long. In order to take advantage of these opportunities, you need a reliable source of capital that will enable you to act fast.

House Flipping / Fix and Flip / Fix and Hold

Alternative Lending Needs, Credit Repair & Financial Planning

There are times when a person needs money to resolve a short-term issue. We use our clients’ investment real estate to get them capital to finance a property they purchased on contract, make payroll, invest in their businesses, consolidate higher interest rate debt, pay off tax liens, judgments or other critical bills, etc. Sometimes your financial situation has changed, but you have issues on your credit report that keep you from getting a loan. We can see past foreclosures, divorces and bad credit if we feel that you are back on track and have the means to be successful.

We love the opportunity to be a resource to our clients who find themselves in sticky situations. Sometimes a quick influx of capital can help to solve a time sensitive problem or help stabilize a tenuous financial situation. Sometimes a loan will make it worse. We concern ourselves with our clients’ long-term success and offer our insights and our private capital when it will help, but never burden people with debt when it is not in their best interest.

Non-conforming loans

Bridge Loans

A bridge loan can mean a lot of things, but in general it is a short-term loan to bridge a financing gap of some kind. Once the transaction is completed the bridge loan is either paid off or refinanced conventionally.

We frequently help people who want to buy a new property while they are waiting to sell their existing property. A 1031 exchange is another area where we help people by enabling them to purchase the right investment property, meeting guidelines and utilizing the tax advantage.

About Bridge Loans

Acquisition of Distressed Property

We do not require a home to pass inspection, nor do we require appraisals.  This helps our borrowers go after properties that are being sold at great discounts.  Making a cash offer or going after properties that require cash to buy are instances where a great deal can be found.

We know the Northwest market really well and can help you determine if a property is a good or bad deal.  We want our borrowers to be successful and will never encourage you to buy a property that will not be profitable for you.  We offer hard money loans which act like cash and will allow you to purchase a property that would otherwise require cash up-front.

When should you use Hard Money

Fix & Flip/Fix & Hold

Whether you are remodeling with the intent to sell for a profit or remodeling with the intent to keep the property as a rental, the basics are the same. First buy a property at a great discount, then add value to that property or bring it up to conventionally financeable standards.

It is commonly understood that 50% of any investment is made in the purchase. Many investors target distressed properties, foreclosures, bank-owned properties or situations involving a highly motivated seller. Great deals don’t last long. In order to take advantage of these opportunities, you need a reliable source of capital that will enable you to act fast.

House Flipping / Fix and Flip / Fix and Hold

Alternative Lending Needs, Credit Repair & Financial Planning

There are times when a person needs money to resolve a short-term issue. We use our clients’ investment real estate to get them capital to finance a property they purchased on contract, make payroll, invest in their businesses, consolidate higher interest rate debt, pay off tax liens, judgments or other critical bills, etc. Sometimes your financial situation has changed, but you have issues on your credit report that keep you from getting a loan. We can see past foreclosures, divorces and bad credit if we feel that you are back on track and have the means to be successful.

We love the opportunity to be a resource to our clients who find themselves in sticky situations. Sometimes a quick influx of capital can help to solve a time sensitive problem or help stabilize a tenuous financial situation. Sometimes a loan will make it worse. We concern ourselves with our clients’ long-term success and offer our insights and our private capital when it will help, but never burden people with debt when it is not in their best interest.

Non-conforming loans

Bridge Loans

A bridge loan can mean a lot of things, but in general it is a short-term loan to bridge a financing gap of some kind. Once the transaction is completed the bridge loan is either paid off or refinanced conventionally.

We frequently help people who want to buy a new property while they are waiting to sell their existing property. A 1031 exchange is another area where we help people by enabling them to purchase the right investment property, meeting guidelines and utilizing the tax advantage.

About Bridge Loans

Acquisition of Distressed Property

We do not require a home to pass inspection, nor do we require appraisals.  This helps our borrowers go after properties that are being sold at great discounts.  Making a cash offer or going after properties that require cash to buy are instances where a great deal can be found.

We know the Northwest market really well and can help you determine if a property is a good or bad deal.  We want our borrowers to be successful and will never encourage you to buy a property that will not be profitable for you.  We offer hard money loans which act like cash and will allow you to purchase a property that would otherwise require cash up-front.

When should you use Hard Money

Northwest Private Lending Inc NMLS # 1522364 // ML # 5496 is based in Portland, Oregon. NW Private Lending is an Equal Opportunity Hard Money Lender. We provide quick acess to capital for borrowers, real estate agents and mortgage brokers in Oregon and Washington. NW Private Lending is a collateral based lender focusing on bridge loans, fix and flip or rehab loans, commercial loans and non-owner occupied real estate investment properties.

© 2019 by Northwest Private Lending Inc. All rights reserved.

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