Oregon hard money loans
- Quick Approval and Funding
- Up to 80% LTV
- No Upfront Cost or Contracts
- Rates from 8%
Oregon Hard money lenders
Oregon Hard Money Lenders – the state has seen a huge jump in population and demand for housing the past ten years. High quality of life in cities like Portland and rural development in southern Oregon are the main driving force behind the growth. As a result, real estate prices are on the rise, but are still more affordable than neighboring Seattle and southern California.
We believe private financing will change the lending world just like Uber changed transportation. During the 2009 financial crisis we learned that most of the fears associated with private financing (predatory rates, high fees, speculation) were regular practice for the major financial banks. The sharing economy is proof that the most efficient way to conduct business is peer-to-peer where both parties can dictate the terms that are comfortable for their needs. The advantages of traditional mortgages are clear – lower rates from institutions that are highly regulated by the government. However, many shrewd investors realized that speed of approval is just as important as low rates. This is where private hard money loans come into the picture – with a turnaround of days, not weeks – you can secure financing on a deal that requires a fast close and beat other investors with a better offer.
Investors looking to purchase multifamily properties in Oregon who are looking to close fast or with credit issues can secure capital with private hard money loans. Considered by many as the safest real estate investment, apartment buildings in Oregon enjoy low vacancy rates and good cap rates. We can provide funding for any investment strategy:
- Refinance
- Cash out
- Renovate and Flip
- Condo conversion
- Vacation rentals
We provide commercial investors with capital solutions for any type of commercial properties. Commercial hard money loans can be used for the following purposes:
- Purchase with a quick all-cash close
- Refinance an existing loan
- Cash out (first or second position)
- Construction loan
- You have bad credit, judgements, bankruptcy on your record
- You are purchasing a non-traditional asset and need a creative solution to a capital problem
- Shopping centers/Retail malls
- Single tenant
- Office buildings
- Hotels/motels/hospitality
- Industrial building
- Healthcare – nursing homes, hospitals, healthcare centers
- Land
- Warehouses
Oregon Facts
Population Growth
Strong migration numbers into the state continue to drive demand for housing and retail in Oregon. Low unemployment and high quality of life draws millennial families and baby boomers
Outdoor Retail
Home to Nike, Adidas, and Columbia - the state is both a major player in retail outdoor manufacturing and outdoor enthusiasts
Forestry and Wood Products
Oregon is the largest wood exporter and producer in the country - now a completely revamped industry thanks to advance innovation in the field
Unlike other lending sources, we highly specialize in mobile home parks thanks to our years of experience and depth of knowledge in the field. Mobile home parks and manufactured housing are a unique form of real estate, very different than other residential investments. In fact, every state has a unique set of laws just for mobile home park owners and residents.
With almost every coastal state with a housing crisis, and a fast growing demand for construction goods – we believe manufactured homes are the solution to many of this housing challenges. Mobile home park investors in Oregon can contact us for any of the following purposes:
- Mobile home park purchase
- Neighborhood development
- Senior mobile home park (55 and over)
- Tiny homes
Fix and flip project have two important elements: they wrap up quickly and require capital. This is why real estate professionals in Oregon who seek a fix and flip hard money loan come to us for possible solutions. Private lending are the perfect match for flippers with fast approvals and asset-based lending terms.
Whether it’s a house or duplex – sometimes you can’t wait to sell your current flip to purchase the next fixer-upper. This is where we can come in and provide a ‘bridge loan’ to make sure you don’t miss your next project due to capital challenges.
Oregon Hard Money Laws and Regulations
- Hard money loans over $50,000 are not subject to rate restrictions. Consumer loans and other loans under $50,000 may be subject to interest rate usury laws (Oregon Revised Statutes, Title 82, Section 82.010).
- SB 608 – Oregon state rent control.
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