Northwest Private Lending

About Northwest Private Lending

Northwest Private Lending is a Lake Oswego, OR based private lender. They provide loans in Portland. They offer loans for rental properties, fix-and-flip loans, and private refinancing. They issue loans with a maximum LTV of 80% and terms between 1 month and 2 years. They do not require borrowers to have a minimum credit score to obtain a loan. They will consider varying lending requests but generally focus on single family, multi-family units, and undeveloped land.

Loan Types Offered: Investment Property Loans, Fix and Flip Loans, Refinance / Cash Out Loans

Property Types Covered: Single Family, Multi Family, Land

Areas Served: Portland

Licenses: NMLS #1522364, ML #5496

Lending Guidelines for Northwest Private Lending

Below are the general loan guidelines published on the Northwest Private Lending 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 Northwest Private Lending.

Loan Example 1

Earl closes on a $190,000 renovation project in Portland, OR, using a fix-and-flip loan from Northwest Private Lending. The borrower will be required to contribute 25% of the sales price in cash to closing based on a 75% loan-to-value set by the lending company. This makes the principle note from Northwest Private Lending $142,500. The deal also has the following features: 1) a 18 month term, 2) a 9% interest-only note, and 3) a four point origination fee.

Therefore, the borrower will have to make a $47,500 down payment in addition to paying a $5,700 origination fee. he will then pay $1,069 monthly to Northwest Private Lending. Earl's plan is to complete the rehab within the 18 months and resell it for $247,000. If he succeeds he will collect a gross profit of $32,063 ($247,000 price - $142,500 principle - $47,500 cash paid at closing - $5,700 origination points - $19,238 in total interest paid.

Loan Example 2

Lynne is a real estate investor in Portland, OR. She finds a run-down house for a renovation project and takes a fix and flip loan from Northwest Private Lending with the following paramters:

$350,000 sales price
50% loan-to-value (LTV)
12 month term
14% interest rate
1% origination fee

Lynne intends to sell the house at the end of the term for $420,000. If she accomplishes her goal, the outcome would be as follows:

$420,000 sales price
- $175,000 loan principle (50% LTV)
- $175,000 cash paid at closing (50% on 50% LTV)
- $1,750 origination fee (1% of the $175,000 principle)
- $24,500 total interest paid (12 months x 14% interest)
-----------------------
= $43,750 gross profit (doesn't include taxes or renovation costs)

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