Lewis Hanson and Company

About Lewis Hanson and Company

Lewis Hanson and Company is an Albany, OR based private money lender providing loans in Oregon. They offer loans for many different scenarios, including hard money loans for commercial properties, hard money bridge loans, long term rental property loans, builder loans, and fix and flip hard money loans. Their lending guidelines are flexible, including loans with a maximum LTV of 65%, terms up to 5 years, and rates from 8.75%. They offer loans on numerous property types, including single family residences, multi-family, apartments, offices, retail storefronts, and mixed use.

Loan Types Offered: Investment Property Loans, Fix and Flip Loans, Commercial Hard Money Loans, New Construction Loans, Bridge Loans

Property Types Covered: Single Family, Multi Family, Apartment, Office, Retail, Mixed Use

Areas Served: OR

Licenses: NMLS #260891, ML#5551

Lending Guidelines for Lewis Hanson and Company

Below are the general loan guidelines published on the Lewis Hanson and Company 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 Lewis Hanson and Company.

Loan Example 1

Zachary is an investor in Portland, OR. He finds a run-down property for sale and decides to remodel it and flip it for a profit. The house has a cost of $400,000 but he doesn't have the full amount so he takes out a hard money loan with Lewis Hanson and Company. As the lender sets a 65% loan to value, Zachary will need to put 35% down and the amount of the loan will be $260,000. The parameters of the deal also include a three percent origination fee which will be paid at closing and a 6 month, interest-only note with a 11% rate of interest.

In addition to paying the $7,800 origination fee, Zachary will also have to fund $140,000 of the purchase with his own cash, or 35% of the purchase price. he must then pay $2,383 monthly to Lewis Hanson and Company. If he sells the rehabed project for $560,000 at the end of the 6 month term, his total profit (not including remodeling costs) would be $137,900. This is calculated by taking the purchase price ($560,000) and subtracting the original note amount ($260,000), the origination cost ($7,800), the money he contributed to closing ($140,000), and the total interest payments ($14,300).

Loan Example 2

Latoya takes out a loan from Lewis Hanson and Company so she can rehab a property to flip in Portland, OR. The deal has the following parameters:

a) A $270,000 purchase price, b) a 50% loan-to-value (LTV), c) a 6 month term, d) a 13% interest rate, and e) a 4% origination fee.

If Latoya accomplishes her goal of a $351,000 sales price, the outcome of the deal will be as follows:

$351,000 sales price
- $135,000 note principle (50% LTV)
- $135,000 down payment (50% on 50% LTV)
- $5,400 origination points (4% of the $135,000 principle amount)
- $8,775 total interest paid (6 months x 13% interest)
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= $66,825 gross profit (does not include taxes or renovation costs)

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