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!
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Loan Origination Fee: 3 Points (min. $2,500)
Loan Document Fee: $650-850
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
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!