When it comes to fixing and flipping real estate in today’s housing market, cash and speed are essential. At Northwest Private Lending, we provide hard money loans which act like cash so that our clients can make competitive offers on properties they’d otherwise miss out on. Our fix and flip hard money loans provide up to 80% of the purchase price, which leaves our clients with the cash they need to renovate the property themselves. We never charge prepayment penalties, allowing you to sell the property as quickly as possible. We also do not charge extension fees, so if your project takes longer than expected you can have confidence that you can keep your loan with us as long as you need it.
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, we love getting to work with first-time real estate investors like Justin! By taking advantage of a hard money bridge loan, Justin was able to turn a fix and flip property into a wealth-generating asset that opened the door to many other successful real estate investments in Portland.