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5335 Meadows Rd, Suite 380
Lake Oswego, OR 97035

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Hard Money Construction Loans

Construction Loans are a great resource for real estate investors who are purchasing or own properties that need extensive construction or renovation. Where traditional banks won’t finance loans for distressed properties, we do! At Northwest Private Lending we see Construction Loan as a means to improve and revitalize our community while helping borrowers achieve their investment goals!

  • Loan size: $25k-1M
  • No bank statements or tax returns needed
  • No pre-payment penalties
  • No extension fees
  • Loans funded in 3-5 business days

Simple Rates and Terms

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

Loan Closing: 3-5 Business Days
Loan Maturity: 1 month to 10 years
Property Appraisal: Not Required
Underwriting Fee: None
Pre-Payment Penalty: Never
Extension Fee: $0 on performing loans

Is a Construction Loan right for me?

Building a new home or renovating an existing one can be time-consuming and complex. Zoning, permits, and delays can cause your project to take longer than expected. Unlike most construction lenders, Northwest Private Lending never charges extension fees. With our interest-only payments of 1% per month, you can keep your loan with us for as long as you need to finish and sell the project.

Daniel’s Construction Loan Story

At Northwest Private Lending, nothing gives us greater joy and satisfaction than meeting hard-working clients like Daniel! By taking advantage of a hard money construction loan, Daniel was able to build and sell an investment property that set his family up for a bright new beginning!

Featured Loans

Location: 28407 West Lane, Ocean Park WA 98640

Land Purchase price: $40,000

Loan Amount: $200,000

Pre-sold price: $400,000

Scenario: Builder purchased land and is 1/3 through their construction having used all their own funds.  They need the loan to complete the project.

Location: 3759 N Melrose Dr, Portland, OR

Purchase Price: $483,000

Loan Amount: $400,000

Total Rehab Costs: $300,000

Listed for: $1,250,000

Scenario (Distressed Seller): Property was gutted and could only be purchased with cash or Hard Money; Amazing neighborhood and views; Needed full renovation and 18 months to complete; Buyer is a builder and will make over $400K in profit when completed.

Location: 20501 E Lolo Pass Rd, Rhododendron OR 97049

Purchase Price: $261,000

Loan Amount: $350,000

Total Rehab Costs: $60,000

Income:  $5,000 to 10,000 per month / Average $90,000 per year

Scenario: Borrower purchased this property back from the bank for $261K.  It had previously been a vacation rental that rented for $500 per night.  During the foreclosure the house and property fell into serious disrepair.  Borrower will fix up, keep, and rent out the property.

Customer  Review (Google): “I have been using hard money lenders for over 20 years. Working with Eric is the best he is there to help however he can. They give 100% attention when doing the deal maki g sure it goes seamless and very quick. If your looking to rehab, flip of what ever this is the company I recommend you use.” – Rick L

Location: 24015 Birch Pl, Ocean Park WA 98640

Land Purchase Price: $40,000

Loan Amount $225,000

Pre-sold: $353,000

Scenario: Builder is doing a new construction project.  NWPL collateralized his last house and this new build to loan 100% of the new construction costs to complete.  The home was already pre-sold.  Builder completed in 120 days and paid off the loan with very little financing costs.

We currently service loans in Oregon and Washington.

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.

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