Northwest Private Lending does not offer loans to build new residential or commercial properties from the ground up. Most construction loans are not a fit for us, and we would rather tell you that plainly at the start.
Where we can help is a project that is already started. If you have been building with your own money, the property is not finished yet, and you need a loan to keep going, call us. We look at the property, the work already done, and what it will take to finish.
We make these loans to real estate investors in Oregon, Idaho, and Washington. In Oregon and Idaho, we also consider in-process construction loans on homes the borrower will live in, case by case. In Washington, our loans are for business purposes on non-owner-occupied property only.
We decide how to fund each loan case by case. We either fund the full loan amount at closing, or we fund 50% at closing and the other 50% in one draw as the work progresses.
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 finish and sell an investment property that set his family up for a bright new beginning!
Ready to discuss your in-process construction loans deal?
Same-day pre-approval. No obligation. Talk to a real person who understands your market.