Loan Program

Rehab and Refinance Loans

Rehab and refinance loans for investors who want to purchase a distressed property, renovate it, and turn it into a source of income.

Are you looking to purchase a distressed property, make improvements, and then turn it into a source of income? A hard money loan gives you the cash you need to buy foreclosures and short sales that traditional lenders won’t touch.

Northwest Private Lending’s rehab and refinance loans provide the capital to acquire and renovate properties, then refinance into a conventional loan once the property is stabilized. This strategy is commonly known as the BRRRR method (Buy, Rehab, Rent, Refinance, Repeat).

Loan Highlights

Loan size: $25K–$1M
No bank statement or tax returns required
No minimum FICO required
No prepayment penalties
No extension fees
Funded in 3–5 business days

We offer up to 80% of the borrowers’ purchase price. Once you have fixed up the property and have it rented out, we can work with you to get a long-term, low rate 30-year fixed mortgage.

Is a Rehab and Refinance Loan right for me?

Many real estate investors are looking for ways to build recurring monthly revenue by growing their rental portfolio. Perhaps you’re a first-time developer looking for capital to make a cash offer on a property that needs a bit of work before renting out. Or maybe you’re a seasoned investor looking to do an extensive renovation. Whatever your situation, Northwest Private Lending is here to talk through your lending needs. Call us today at 503-941-5473 to see how you can benefit from our rehab and refinance loan options.

What Is The BRRRR Method?

Most of us would agree that investing in real estate is a great way to build wealth and create monthly cashflow…but have you ever wondered how professional real estate investors are able to purchase those “cash only” listings or take advantage of bank or tax foreclosure sales? How do they buy properties with built-in equity and create even more equity by fixing the property up? How do they utilize renters to pay off their loan in the long run? How do get money back out of the house so they can buy a 2nd, 3rd, or 10th investment property? Commonly referred to as the BRRRR Method, Northwest Private Lending specializes in helping clients Buy, Rehab, Rent, Refinance, and Repeat this process to build consistent income and wealth in real estate investment.

Ready to discuss your rehab and refinance loans deal?

Same-day pre-approval. No obligation. Talk to a real person who understands your market.

Apply for a Loan 503-941-5473

Straightforward Pricing

Simple Rates and Terms

No hidden fees, no surprises. Here’s exactly what you’ll pay — the same terms we’ve offered from day one.

Loan Origination Fee

3 points / $2,500 Minimum

Loan Document Fee

$650–850

Monthly Interest Rate

1% Per Month

Monthly Payment

Interest Only

Loan Closing - Business Purpose

3–5 Business Days

Loan Closing - Primary Residence

$0 on Performing Loans

No junk fees, now or in the future. What you see is what you pay. We have built our reputation on transparency.

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Real Deals

Featured Loans

A sample of the deals we’ve funded for investors across the Pacific Northwest.

Rehab & Refinance

45 E. Collins Street, Depoe Bay OR

Property Value$350,000Loan Amount$125,000

The owner purchased the property for $170K cash. The property was in very bad shape and was getting $550 per month per unit. Owner has put on a new roof and renovated 2 of the 4 units but did not have enough money to finish the project. NWPL funded the remainder of the rehab and 1-year of interest to complete the project. The new rental price is $1,000 per unit and the borrower can refinance the property conventionally.

Rehab & Refinance

1500 SW 5th Ave # 701, Portland, OR

Property Value$400,000Loan Amount$250,000

Client owns 2 condo units in the building free and clear which they rent out. They wanted to renovate one of the units but could not qualify for a loan without the rental income. NWPL funded 100% of the rehab + 1-year of interest payments to enable them to complete the project and refinance conventionally once rented out.

Rehab & Refinance

20501 E Lolo Pass Rd, Rhododendron OR 97049

Purchase Price$261,000Loan Amount$350,000Total Rehab Costs$60,000Income$5,000 to 10,000 per month / Average $90,000 per year

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.

Rehab & Refinance

7430-7434 NE Fremont St, Portland, OR

Purchase Price$310,000Loan Amount$248,000Total Rehab Costs$75,000Current Value$500,000Income$5,500 per month / $66,000 per year

Property is a mixed-use commercial / residential building. Our client used our loan to make a cash offer and get the property at a discount. They have fixed up the property and signed 2 new commercial tenants who helped pay for the improvements. When refinanced, the residential tenant’s rent alone will pay for the conventional rate mortgage, leaving the commercial spaces as pure profit.

“Eric and his staff at NW private lending are awesome! When you are in need of fast funding on a real estate project make sure you call Eric! Absolutely the quickest and smoothest loan process there is!! Thank you Eric!”

gwsurf

“The people you didn’t know you needed in your life! Northwest Private Lending has put the personal connection back into lending… It has been years (I mean waaaay back- before mobile banking) since I felt I knew who I was working with – and felt that they knew me – when it came to banking/lending/investing. Not only did Lizz and Eric take the time (and I needed a lot of time!) to explain all the details and process to me, they did it in such a way that I actually felt as though they had my best interests at heart. If Northwest Private Lending offered traditional banking in addition to loans, I would be moving my accounts there today. Relationship-based lending- what a concept!!”

“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”

Rick Lycksell