Private Construction Loan for Residential Land in Woodburn, Oregon

Funded by Blue-inc. Capital


Deal Details

Private Loan Type

Residential Ground-Up Construction

Approx. Funding Date


Property Type
Single Family Residence
Property City


Property State


Loan Term (months)


Lien Type

1st Mortgage

Payment Type

Interest Only

Construction Budget


Construction Budget Funded


Builder's Contribution to Budget


Completed Value


Loan-to-Completed Value


Construction Project Scope

Construction Completion

Location Type


Property Condition


Number of Units


Building Square Footage


Lot Acreage


Borrower's Plan

Build and Hold

Exit Strategy


Deal Highlights

Borrowers were looking for funds to finish their beautiful custom home.
Home will be occupied by the Borrower.

Deal Summary

Blue-inc. Capital, a private lender based in Oregon, funded a $315,000 1st lien position private construction loan for a single family home in Woodburn, OR. The Borrowers had already started the project with their own funds and needed another $300,000 to complete it. We funded 100% of the budget and will release it in multiple draws. The completed value is estimated at $1,300,000 so our loan-to-completed value was 23%. Woodburn is a small city in Marion County, halfway between Portland and Salem. The home is approximately 2,500 square feet and sits on 18+ acres. Most lenders would not consider the large lot size, but we are very comfortable with rural areas in Oregon, especially with such a low loan-to-value. The Borrowers plan to occupy the home as their primary residence and will refinance into a conventional home loan. They needed a quick close to complete the build and Blue-inc Capital was able to fund this in less than 10 days. The loan term was set at 12 months. This private construction loan was funded in May 2024. 

Funded By

Blue-inc. Capital

Oregon's private lending solution for over 30 years


Jake Colter

Loan Originator

NMLS ID 2365400