Who are the Best Hard Money Lenders in Oregon in 2021?
Finding the best hard money lenders Oregon is very important to your real estate profit. Whether you’re looking for a fix and flip loan or a BRRRR strategy, a bad hard money loan can set you back thousands of dollars. An bad hard money loan can cost you thousands of dollars. On the flip side, a good hard money loan can provide the financing you need to make a deal possible and profitable. Oregon private money lenders can give you the buying power you need to scale.
Loan amounts average around $332.1k. Rates on loans made to Oregon real estate investors average 8-12%. Most hard money loans average between 6-12 months. The average note includes a 2-4 point origination fee and the LTV offered for loans in Oregon is between 70-75%.
Here’s our short list of the top 3 Best Hard Money Lenders in Oregon:
- Northwest Private Lending
- Precision Capital
- Cetan Funds
Top 3 Best Hard Money Lenders Oregon
1. Northwest Private Lending
Northwest Private Lending is one of the highest rated hard money lenders we've seen in any state. They offer a variety of hard money loans to suit every type of residential real estate investor. From fix and flip loans, to bridge loans, to construction loans and more, they have an excellent offering of programs.
Here's more info about their fix and flip terms:
- Loan Origination Fee: 3 Points (minimum $2,500)
- Loan Document Fee: $650
- Monthly Interest Rate: 1% per month
- Monthly Payment: Interest Only
- Closing Costs: Paid by Borrower
- Loan Closing: 3-5 Business Days
2. Precision Capital
Precision Capital is another highly rated hard money lender. They have a full array of loan programs with very competitive rates. According to their website:
Precision Capital is not a bank, nor are we your typical investment company. We specialize not only in finding investors in unconventional property types, but also solving unconventional scenarios and unique situations.
They Offer LTVs up to 70% and rates starting at 9%.
3. Cetan Funds
Cetan Funds offers a good selection of loan programs for investors. They include fix and flip, contstruction loans and more. They have an excellent rating on Google annd a quality website.
Their loans are ideal for real estate investments or interim financing for longer-term investments.
- Rates typically range from 10 – 12%
- Loan fees of 3 – 4%
- Terms of 6 – 36 months.
- Extensions are usually available.
- All loans are for investment or business purposes, secured by residential and commercial property.
Best Hard Money Loans Oregon FAQ
Who is the best hard money lender in Oregon?
Here’s our short list of the top 3 Best Hard Money Lenders in Oregon:
- Northwest Private Lending
- Precision Capital
- Cetan Funds
What do Oregon hard money lenders charge?
Hard money loan rates in Oregon range from 8 percent to 14 percent for most fix and flip and shorter term loans. Many hard money lenders in Oregon also charge points or origination fees on a loan that range from 2-4 percent.
Do Hard Money Lenders in Oregon require appraisals?
With most hard money lenders in Oregon, the loan to value (LTV) is determined through an appraisal or a broker opinion of value.
What is hard money in Oregon?
Hard money loans in Oregon are loans secured by real estate used to purchase or rehab that piece of property.
These short term loans are used to purchase and/or rehab residential or commercial properties. They’re usually more expensive than traditional loans but can be closed faster and oftentimes with less credit requirements.
