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503-941-5473

5335 Meadows Rd, Suite 380
Lake Oswego, OR 97035

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503-941-5473

Fix And Flip Loans

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 size: $25k-1M
  • No bank statement or tax returns required
  • No minimum FICO required
  • No prior experience required
  • 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 Fix & Flip Loan Right For Me?

With the advent of binge-worthy television shows like Fixer Upper and Property Brothers, buying, restoring, and selling distressed real estate properties is becoming an increasingly common practice, and with good reason. With the help of a fix and flip loan, a little sweat equity, and an eye for the right properties can yield a great return on your investment. Call our Northwest Private Lending team today at 503-941-5473 to see if our fix and flip loan program is right for you!

Justin’s Story

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.

Featured Loans

Fix and Flip Portland

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.

Fix and Flip Loans NW Private Lending

Location: 102 NE Grace Ave, Battle Ground, WA

Purchase Price: $160,00

Loan Amount: $130,00

Total Rehab Costs: $80,00

Listed For: $399,000

Scenario (Distressed Seller): Property had foundation issues and could only be purchased with cash or Hard Money; Buyer is a contractor that specializes in foundation repair and was able to fix issues inexpensively and renovated the property.  The Flip will make almost $190K in profit.

Fix and Flip Property

Location: 118 Bodine Rd, Kelso, WA 98626

Purchase Price: $185,00

Loan Amount: $135,555

Total Rehab Costs: $70,00

Listed For: $358,000

Scenario: Borrower is a pharmacist who tries to flip 1 house per year for extra income.  This home was going into foreclosure and was purchased as a short sale with the bank which required cash or hard money.  Borrower was able to renovate and sell for over $100K in profit.

Location: 1805 NE Dolphin Ln Waldport, OR

Purchase Price: $155,000

Loan Amount: $100,000

Total Rehab Costs: $40,000

Listed For: $249,000

Scenario: Property was in disrepair and could not qualify for a conventional loan.  The Investor was able to purchase this waterfront property for a huge discount and fixed the few issues keeping it from conventional financing.  They were able to get it fixed and sold in 3-months and made a quick $55,000.

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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