Northwest Private Lending offers a variety of equity-based / hard money lending solutions to suit every type of residential real estate investor. From purchase financing for a fix and flip to cash-out refinance loans on residential or commercial properties. We are the local and trusted private lending partner for the Northwest. We prioritize our clients and help them to achieve their goals. We specializes in financing that acts like cash and we can make the loans that banks and conventional lenders cannot.
Fix And Flip Hard Money Loans
If you are a real estate investor looking to acquire properties that require all-cash to purchase or want to buy a property that won’t qualify for a conventional loan, we offer same day pre-approval letters. Our Fix and Flip loans do require that you have some financial skin in the game but do not require appraisals, home inspections, or budget approvals. We give you the full loan amount at closing so there is no draw process. We never charge pre-payment penalties, so our fix and flip loans can be paid off at any time. You also can always keep your loan with us as long as you need it, we never charge extension fees.
Buy, Rehab, Renovate and Refinance (BRRR Loans)
Are you looking to purchase a distressed property, make improvements, and then turn it into a source of income? Good deals don’t last long and commonly need cash to purchase! A hard money loan gives you the cash you need to buy foreclosures and short-sales. We also lend on distressed properties that are not conventionally financeable. At NW Private Lending we help our clients purchase and renovate those homes and work with you to refinance that loan with a low rate conventional mortgage. Call us today to receive your pre-approval letter!
Short-Term Bridge Loans
Commercial / Industrial Loans
Commercial properties can take so many forms. From office buildings and parking garages to raw land and retail space, working with a private lender who understands the value and can help make purchases and improvements is hard to find. With loans ranging from $50k to $2m, Northwest Private Lending can provide the know-how and capital you need to be successful as a commercial real estate investor!
Property Renovation & Construction Loans
Do you have significant equity in a home that you’d like to put to work for a much-needed renovation? Construction Loans enable clients to turn stored up equity into a new kitchen, bathroom, or extension on a residence or commercial building. Are you at the end of a new construction project you financed yourself only to find you have run out of money? Traditional banks won’t lend during construction, but we will. Give us a call.
1031 & Reverse 1031 Exchange Loans
In simple terms, a 1031 or reverse 1031 exchange is the way expert real estate investors defer taxes on profits made from the sale of one or several investment properties through the reinvestment of those profits into another investment property. The tax savings can be a huge, but it does require proper documentation and is very time sensitive! If you miss the government’s timelines you will not qualify for the tax benefit. NW Private Lending can connect you with a local 1031 exchange expert and can close on purchases within 3-5 business days. We specialize in last-minute solutions to complex transactions.
Acquisition / New Purchase Loans
Do you have a large down payment, but don’t check one of the boxes required to get a conventional loan? That is okay, we are a private lender and we make our own boxes. We don’t use credit scores, W2 Income, citizenship or tax returns to evaluate our clients. We can lend to you even if you are starting a new business, recently changed jobs or are going through a divorce. We make loans to all people from all countries regardless of citizenship. We are proud of the immigrants who make this country great and want to help you purchase a home. We love to help those who have worked hard, saved their money but have a unique situation.
Loan Origination Fee: 3 Points (minimum $2,500)
Loan Document Fee: $650-850
Monthly Interest Rate: 1% per month
Monthly Payment: Interest Only
Closing Costs: Paid by Borrower
Loan Closing: 3-5 Business Days
Loan Amount Range: $50,000 up to $2,000,000
Loan Maturity: 1 month to 10 years
Property Appraisal: Not Required
Underwriting Fee: None
Pre-Payment Penalty: Never
Extension Fee: $0 on performing loans
Give us a call or click below and we will call you. Our loan decisions are based on people and their unique situations. We can quickly assess your situation, approve loans on the spot, and issue pre-approvals on the same day! We are the direct lender, so you are talking with the decision maker who will be lending you the money, not a salesperson who just wants your personal information. Call us today!Contact Us
The loan application is the 2nd step on purpose. We won’t ask you to apply if we haven’t already talked and are confident that this loan is right for you. We do not require bank statements, tax returns, debt to income ratios or minimum FICO scores to make our decisions and have created a simple online application that takes less than 10 minutes to complete.Apply Now
Once we have your loan application we open or engage with escrow. It typically takes 2-3 business days to receive a title report and one day for us to order loan docs. Clients can sign at escrow or with a mobile notary and we close and fund the same day. It's as simple as that!Simple Rates and Terms
We make it easy to pay your bill and track your loan through our on-line portal. While most clients choose to use their own on-line banking to make their payments, you can always mail us a check or money order and unlike most lenders we do accept CASH or Zelle payments. We also enable our clients to set up recurring ACH payments through our simple online portal.How to Pay Your Bill Online
We currently service loans in Oregon, Washington, and Idaho.