Hard Money Loan for Development Land in Lane County, Oregon

Funded by Blue-inc. Capital


Deal Details

Private Loan Type


Approx. Funding Date


Property Type
Property City


Property State


Lien Type

1st Trust Deed

Payment Type

Interest Reserve

Property Value




Deal Highlights

Creative Bridge Loan to Finalize "Shovel Ready" Development Land

Deal Summary

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. 

Funded By

Blue-inc. Capital

Oregon's private lending solution for over 30 years


Jake Colter

Loan Originator

NMLS ID 2365400