Hard Money Purchase Loan for Commercial Warehouse in North Bend, Oregon

Funded by Blue-inc. Capital


Deal Details

Private Loan Type


Approx. Funding Date


Property Type
Commercial Land
Vehicle Parking
Property City

North Bend

Property State


Loan Term (months)


Lien Type

1st Mortgage

Payment Type

Interest Only

Purchase Price


Loan-to-Purchase Price


Borrower's Contribution to Purchase


Source of Borrower's Contribution

Equity in Another Property

Location Type


Property Condition


Occupancy at Closing


Building Square Footage


Borrower's Plan

Continue Occupancy

Exit Strategy

Pay Down

Borrower Credit Rating


Deal Highlights

We used equity in another property to fund this purchase at almost 100% financing.

Deal Summary

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.

Funded By

Blue-inc. Capital

Oregon's private lending solution for over 30 years


Loan Originator

Jake Colter

NMLS #2365400

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