Northwest Private Lending is a Portland-based lender that is private in difficult money or collateral based loans with more than three decades of lending expertise in Oregon and Washington. Our hard cash financing team focuses primarily on providing lending that is creative to borrowers who either very very own property or seek to get brand brand new investment properties.
Loan Origination Fee: 3 Points (min. $2,500) Doc Fee: $650 Monthly Interest Rate: 1% per monthly Payment: Interest Only Loan Amount Range: $50,000 up to $2,000,000 month
Maturity: 1 thirty days to ten years Cost to give a Loan: $0 Underwriting Fee: $0 Closing Costs: Paid by Borrower Appraisal: not necessary Pre-Payment Penalty: $0 Closing: about 5 Business Days
Whenever Rough Money Is Practical
Forms of Services You Can Expect
Property Acquisition & Refinancing
Follow a property property property foreclosure or “CASH ONLY” purchase! NWPL’s Hard Money loans are addressed like money. Money provides will get you a huge discount on the purchase cost, particularly with troubled vendors or bank owned properties.
- Yes, we could provide when it’s maybe maybe perhaps not conventionally financeable
- We don’t require inspections, so homes without energy or any other dilemmas may be a way that is great get yourself a deal
- Loan durations from 1-month to 2-years+
- NO Pre-Payment / No Expansion Costs
- Interest Just Payments
- Create a money offer, we are able to shut in 5 days
- Money out Refinances up to 65%
Short-term Business Purpose / “Bridge Loans”
Require money between to purchase even though the home is attempting to sell? A Bridge Loan might be perfect!
- Loan size $25K to $1M
- No Bank statement needs
- No Minimum FICO
- No income tax return needs
- 100% funding available whenever cross-collateralizing two properties
- No Pre-payment charges
- No expansion charges