Loan Program

Acquisition / New Purchase Loans

Acquisition and new purchase loans for investors who need fast capital to secure investment properties before the competition.

In competitive real estate markets, the ability to close quickly can make or break a deal. Northwest Private Lending’s acquisition loans provide the fast capital investors need to secure properties before the competition. With same-day pre-approval and closings in as few as 3–5 business days, our loans act like cash.

Whether you’re purchasing a distressed property, a foreclosure, or a time-sensitive opportunity, our asset-based lending approach means we focus on the deal, not your credit history.

Loan Highlights

Loan size: $50K–$2M
Same-day pre-approval letters
No bank statement or tax returns required
No minimum FICO required
No prepayment penalties
No extension fees
Funded in 3–5 business days

When should I use a Hard Money loan on a new purchase?

Well it depends, you are not a number and NW Private Lending is not a bank. We don’t evaluate our clients with FICO scores, citizenship, or debt to income calculations. We are a Private Lending company who gets to know our clients situations and works to do everything we can to solve problems and help you to make the best financial decision for you.

Patricia’s Story

At Northwest Private Lending, we love being able to connect clients like Patricia with loans that wouldn’t typically be available through banks. By taking advantage of a fix and flip hard money loan, Patricia and her family were not only able to hold on to the equity in their house but their hard work paved the way for them to become first-time real estate investors!

Ready to discuss your acquisition / new purchase loans deal?

Same-day pre-approval. No obligation. Talk to a real person who understands your market.

Apply for a Loan 503-941-5473

Straightforward Pricing

Simple Rates and Terms

No hidden fees, no surprises. Here is what you will pay. Owner-occupied loans available in Oregon and Idaho only.

Loan Origination Fee

3 points / $2,500 Minimum

Loan Document Fee

$650 non-owner-occupied; $850 owner-occupied (OR & ID)

Monthly Interest Rate

1% Per Month

Monthly Payment

Interest Only

Loan Closing - Non-Owner-Occupied

3–5 Business Days

Loan Closing - Owner-Occupied (OR & ID only)

Generally 2 years (non-owner-occupied) / 5 years (owner-occupied, OR & ID)

$0 on Performing Loans

No junk fees, now or in the future. What you see is what you pay. We have built our reputation on transparency.

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Real Deals

Featured Loans

A sample of the deals we’ve funded for investors across the Pacific Northwest.

Acquisition

9205 NE Woodridge Street Vancouver, WA 98664

Purchase Price$310,000Loan Amount$240,000

Borrower is a successful business owner who was purchasing a rental property for their employee to live in and rent out. Because of the number of properties they already owned, they could not easily qualify for a conventional loan and needed about a year before they could. NWPL funded the purchase in 5-days and has worked with the client and a conventional lender to get our loan refinanced conventionally.

Acquisition

21029 SW Lebeau Rd, Sherwood OR

Purchase Price$1,830,000Loan Amount$600,000

Borrower is a successful business owner and had plenty of cash to purchase and make payments, however due to the property being over 20A in size it would not easily qualify for a conventional loan for the purchase. NWPL closed the purchase of the primary residence in 10-days. Once they have lived there for a year the options for a conventional refinance open up and they will pay off our loan with a jumbo loan from their bank.

Acquisition

12170 SW 173rd Terrace Beaverton, OR 97008

Purchase Price$789,000Loan Amount$400,000

The client is self-employed and had worked with a builder to purchase a new construction home for him and his pregnant wife. The conventional lender was struggling to get the loan closed on time and they were in jeopardy of losing the home. NWPL was able to close on the primary residence purchase in 10-days and saved the transaction. The home has gone up almost $40K since they purchased and will conventionally refinance the property with their bank.

Acquisition

307 S Harrison St, Newberg Oregon 97132

Purchase Price$208,000Loan Amount$180,000

Borrower had an opportunity to purchase a property worth $310,000 (appraised value) for $100K below market value but needed to close the purchase in the same week. NWPL was able to close the loan in 2-days which saved the transaction and allow the borrower the time they needed to get a conventional refinance when they had more time.

“Eric in two words is a great man… I came to Northwest Private Lending in the eleventh hour and he came threw. My neighbor whom said he needed to sell his house asap and wasn’t suppose to for a year said he need to in 30 days and with lending these days take about 30 to 45 days to complete… So i would have lost the home and privacy…. Eric came from a referral from a good friend of mine and I’m glad she gave it to myself… Eric was easy to work with and very responsive and able to answer and deal with all issues that came up with the seller… Eric made all his bench marks needed as long as i did my part with information requested from him… I am now refinancing the home and he has been very easy and quick to help to make the process easier and fun…. I am now purchasing another home threw Eric and I called him on a Sunday and he answered so like i said before he is a good man.”

Steven Rosenthal

“First let me start by saying Eric, Lizz, Michelle, et al are total rock stars. My wife and I cannot thank NW Private Lending enough for the professionalism, thoughtfulness, mutual respect and courtesy of their staff during a quick close at the end of the summer 2020. Eric, a true gentleman and his can-do attitude proved to be instrumental in both supporting our financial need to complete the sale as well as offering a few more sets of eyes to be insure the title company was accurate. During the sale process it was obvious Eric and team were most interested in achieving our goal to close the purchase on time or early. Truth is, thanks to NW Private lending we were able to close 5 days early on our new beautiful home. A+++++++ and thank you! **** * ****”

Troy Williver

“Absolutely the best experience you could ever ask for. Easy to work with and the friendliest staff. Eric made my stress go away! I would highly recommend him to anyone.”

Ryan Martin