Oregon Hard Money Lenders
Need a hard money loan secured by real estate in Oregon? This page has a list of direct hard money lenders that offer quick funding for an Oregon property purchase, refinance, fix & flip, rehab & rent, ground-up construction, and equity cash out in 1st lien position. Hard Money lending is only for investment properties, not for homesteads. The loans are mainly based on equity in the subject property. For most lenders, the maximum LTV is typically 70% for a purchase and 65% for an equity cash out loan. Scroll to see the list of lenders.Searching...
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Oregon Hard Money Interest Rates
According to the hard money loan documents software company, Lightning Docs, the average interest rate for Oregon hard money loans in the 4th quarter of 2023 was 11.42%. The average loan amount was $570,020. These stats are the average of 36 short-term loans (including bridge, rehab, and ground-up construction) funded for properties in Oregon between October 1, 2023 and December 31, 2023 by multiple hard money lenders that use Lightning Docs as their preferred software provider to prepare loan documents.
According to private lending data provider, Analytics Logics, the average interest rate for Oregon hard money loans in the 4th quarter of 2023 was 11.59%. Lenders charged an average of 3.0% points (origination fee). The average LTV (loan-to-value) for hard money loans in Oregon was 59%, and the average loan amount was $286,450. These stats are the average of all the loans which were funded between October 1, 2023 and December 31, 2023 by the many hard money lenders who use Liquid Logics’ loan origination software to manage their lending operations.
Top 10 Oregon Hard Money Lenders
According to Forecasa™, here are the Top 10 Hard Money Lenders ranked by the number of loans originated in Oregon in the last 12 months from March 2024.
- Craft3 Future Fund
- Rain City Capital
- Corevest American Finance LLC
- Lima One Capital LLC
- Td Two LLC
- Legacy Lending LLC
- Bellevue Funding LLC
- Level Capital LLC
- Merchants Mortgage and Trust Corporation
- Iron Bridge Mortgage Fund LLC
Forecasa™ provides analytics data for Oregon hard money lending on a quarterly basis. You’ll find their top lenders data for many other states on our platform.
Oregon Hard Money Lending Insights from a Local Lender
The state of Oregon, like many states in the country, has seen some challenges in the recent real estate market all across the state, especially when it comes to supply and demand. Loan Originator and Owner of Blue-inc. Capital, Matt Powell states that because there hasn’t been enough good quality inventory it has increased the need for hard money lending. “Often when a buyer or an investor wants to move quick, wants to have that competitive advantage and not have an offer contingent on an appraisal and be able to close in a few business days, or the property just will not finance conventionally, it’s going to take private lending to acquire the property, fix the problem and then refinance,” Matt says.
According to Matt, the private money lending landscape in Oregon is, for the most part, a collaborative environment. There isn’t a lot of competition between each lending company. Many lenders in Oregon tend to do most of their business in their own specific location and have their own specialties they can provide the buyer. “I would say we all have our niche and maybe our specific area or location, for example, Blue-inc. Capital, we’re a direct lender, we’re not a fund, which gives us a lot of ability to close loans fast. So sometimes there’s referrals from some of our competitors in the market that know we might be able to handle something that they can’t and vice versa,” Matt explains.
Blue-inc. Capital is a hard money lender based in Eugene, OR. They finance almost any type of real property in the state of Oregon, for a wide range of deals – purchase, refinance & cash out, rehab, ground-up construction, bare acreage, distressed properties, multi-family housing, commercial, industrial properties and much more. They excel when things have to move fast. If there’s an opportunity that needs to close quickly, they can get it done in 3-7 business days. View their profile to learn more and to find their contact information.
Funded Hard Money Loans in Oregon
Blue-inc Capital, a private lender based in Oregon, funded a $775,000 1st lien position hard money loan secured by development land in Lane County, OR. The property value was estimated at $2,400,000 so our loan-to-value was 32.29%. Including holding costs and fees, the Borrower spent a significant amount of their own funds for zoning and development approvals to build a 132-unit apartment complex. We had given the land a conservative value of $2,200,000 so there is lots of equity in the deal. A listing contract has been signed to list the property for sale at $2,995,000. The loan term is 2 years with a 6-month interest guarantee. Multifamily development properties like this one have an abundance of variables and an estimated timeframe of 10 to 16+ months to sell. This is a well-collateralized loan with a very low loan-to-value (LTV). This refinance hard money loan was funded in April 2024.
Blue-inc Capital, a private lender based in Oregon, funded a $160,000 1st lien position hard money loan for a single-family home in Coos Bay, Oregon, a small rural coastal town Southwest of Eugene. We funded 100% of the $160,000 purchase price. Instead of a cash down payment, the Borrower used a free-and-clear investment property as collateral to get the 100% financing. The Borrower was retired and had average credit. They plan to renovate the property with an approximate budget of $30,000 which they will fund themselves. They plan to sell upon completion of the light rehab. The property was in rough condition and vacant at closing. The interest rate was 11.75%. The loan term was set at 12 months. This hard money loan was funded in August 2023.
Hard Money Purchase Loan for Commercial Warehouse in North Bend, Oregon
$220,000
Blue-inc Capital, a private lender based in Oregon, funded a $220,000 purchase bridge loan in 1st lien position for the acquisition of a commercial warehouse in rural North Bend, OR. The Borrowers were looking to close quickly like cash on a competitive purchase. We were able to use the equity in another piece of property they owned free and outright to fund this purchase at almost 100% financing. We funded 97% of the $226,000 purchase price, while the Borrower contributed 3% cash. We put a lien on both properties which put our loan-to-value at around 53%. The subject property was in good condition and vacant at closing. The building was approximately $5,000 square feet. The Borrower had good credit. They plan to continue leasing the property and pay off the loan over the 24-month term. This CRE hard money loan was funded in February 2023.
Hard Money Equity Cash Out Loan for Vacant SFR in Rural Lane County, Oregon
$200,000
Blue-inc Capital, a private lender based in Oregon, funded a $200,000 equity cash-out loan in 1st lien position secured by a single-family rental in Eugene, OR. The Borrower owned the property free and clear, and needed funds fast for some light rehab “fix up” including other miscellaneous items. The property value was estimated to be $500,000 and the renovation budget was $75,000. The after-repair value was $600,000 so our loan-to-after-repair value was 33.33%. We were able to originate, underwrite, and fund the loan within a few business days. The approximately 1,200-square-foot subject property was vacant and located in a rural area. The loan term was set at 12 months. This hard money refinance loan was funded in February 2023.
Blue-inc Capital, a direct lender based in Oregon, funded an $80,000 hard money loan for the renovation of a single-family residence in Coquille, a small rural town in Southern Oregon, near the coast. The Borrower had already owned the property, so we didn’t fund the purchase. The renovation budget was $80,000. Blue-inc Capital was able to wrap all of the construction and closing costs into the loan for 100% financing of this project. The estimated ARV was $260,000 so the loan-to-after-repair value that Blue-inc Capital funded was 31%, in 1st lien position. The approximately 1,000-square-foot subject property was in poor condition and vacant at closing. The Borrower plans to sell the home upon completion of the heavy rehab. The loan term was set at 12 months. This hard money loan was funded in October 2022.