Pacific Northwest Trust

About Pacific Northwest Trust

Headquartered in Preston, WA, Pacific Northwest Trust is a private money lender providing funding throughout the following areas: Seattle, Everett, Bellevue, Olympia, Tacoma, Issaquah, Bellingham, Spokane, Portland, and Phoenix. They provide bridge loans, hard money refinancing, construction loans, fix-and-flip loans, and commercial loans. They provide loan amounts ranging from $20,000 to $5,000,000 and terms between 1 year and 5 years. They offer loans on many property types, including single family homes, multi family, apartment buildings, offices, retail units, mixed use spaces, warehouse buildings, and industrial buildings.

Loan Types Offered: Fix and Flip Loans, Commercial Hard Money Loans, New Construction Loans, Refinance / Cash Out Loans, Bridge Loans

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

Areas Served: Seattle, Everett, Bellevue, Olympia, Tacoma, Issaquah, Bellingham, Spokane, Portland, Phoenix

Lending Guidelines for Pacific Northwest Trust

Below are the general loan guidelines published on the Pacific Northwest Trust 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 Pacific Northwest Trust.

Loan Example 1

Daisy closes on a $360,000 rehab project in Seattle, WA, using a hard money loan from Pacific Northwest Trust. As the lender sets a 85% loan-to-value, Daisy will have to put 15% down and the amount of the loan will be $306,000. The loan also has these features: 1) a 6 month term, 2) a 10% interest-only note, and 3) a two point origination charge.

On top of the $6,120 origination fee, Daisy will also need to fund $54,000 of the purchase with her own funds, or 15% of the sales price. After the loan is executed and Daisy takes over the project, she will need to begin making monthly payments of $2,550 to Pacific Northwest Trust ($306,000 principle x 10% / 12 months). Assuming she sells the renovated house for $504,000 at the end of the 6 month term, her gross profit (not accounting for rehab expenses) would be $122,580. This is calculated by taking the sales price ($504,000) and subtracting the original principle ($306,000), the origination fee ($6,120), the cash she contributed to closing ($54,000), and the total interest expenses ($15,300).

Loan Example 2

Ken is a real estate investor in Seattle, WA. He purchases a run-down house for a remodeling project and takes out a private money loan from Pacific Northwest Trust with the following terms:

a) A $360,000 purchase price, b) a 60% loan to value (LTV), c) a 6 month term, d) a 8% interest rate, and e) a 1% origination fee.

Ken plans to sell the project at the end of the term for $468,000. If he accomplishes his goal, the final numbers would be the following:

$468,000 sales price
- $216,000 loan principle (60% LTV)
- $144,000 cash paid at closing (40% on 60% LTV)
- $2,160 origination points (1% of the $216,000 principle amount)
- $8,640 interest payments (6 months x 8% interest)
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= $97,200 gross profit (doesn't include taxes or rehab costs)

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