Green Source Capital

About Green Source Capital

Green Source Capital is a Portland, OR based private lender. They provide loans throughout Portland. They offer lending solutions for a variety of needs and situations, including hard money bridge loans, commercial loans, and short term fix and flip loans. Their loan parameters are versatile, including loans with a maximum LTV of 70%. They do not require borrowers to have a minimum FICO rating to receive a loan. They offer loans on many types of properties, including single family, multi family, retail spaces, mixed use buildings, senior communities, storage buildings, and industrial buildings.

Loan Types Offered: Fix and Flip Loans, Commercial Hard Money Loans, Bridge Loans

Property Types Covered: Single Family, Multi Family, Retail, Mixed Use, Assisted Living, Storage, Industrial

Areas Served: Portland

Lending Guidelines for Green Source Capital

Below are the general loan guidelines published on the Green Source Capital website. Please confirm all terms and rates directly with the lender.

Loan Examples

The following loans are for education purposes only. They do not represent actual loans executed by Green Source Capital.

Loan Example 1

Green Source Capital makes a fix and flip loan to Claudette for a rehab project in Portland, OR, on a property that costs $250,000. The terms of the loan include a 70% loan-to-value (LTV), so she must contribute 30% of the price as cash at closing, making the principle loan amount $175,000. The loan is interest-only, with monthly payments, and is for 6 months at 9% interest with 4 origination points paid at the closing.

According to the parameters of the loan, Claudette will be required to pay a $7,000 origination fee plus 30% of the purchase price, or $75,000, since there is a 70% LTV. Once the loan is executed and Claudette takes over the project, she will need to begin making monthly payments of $1,313 to Green Source Capital ($175,000 principle x 9% / 12 months). If Claudette sells the remodeled house for $312,500 at the end of the 6 month term, her gross profit (not including rehab expenses) would be $47,625. This is computed by taking the purchase price ($312,500) and subtracting the original note amount ($175,000), the origination cost ($7,000), the money she brought to closing ($75,000), and the total interest payments ($7,875).

Loan Example 2

Amelia locates a duplex in Portland, OR to remodel and sell. Because she does not have enough cash to buy the property outright, she takes a fix and flip loan from Green Source Capital with the following parameters:

a) A $180,000 sales price, b) a 80% loan to value (LTV), c) a 6 month term, d) a 13% interest rate, and e) a 1% origination fee.

Once the rehab project is finished, if Amelia sells the property for $216,000, the outcome would be as follows:

$216,000 sales price
- $144,000 loan principle (80% LTV)
- $36,000 cash paid at closing (20% on 80% LTV)
- $1,440 origination fee (1% of the $144,000 principle amount)
- $9,360 interest payments (6 months x 13% interest)
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= $25,200 total profit (doesn't include taxes or rehab costs)

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