Private Capital Northwest

About Private Capital Northwest

Private Capital Northwest is hard money lender based in Lynwood, WA. They provide funding throughout Washington, Oregon, and Idaho. They provide short term bridge loans, hard money loans for commercial properties, builder loans, and short term fix and flip loans. They will make loans on most types of properties, including single family, multi-family, apartments, offices, retail spaces, hotels/motels, storage buildings, senior communities, mixed use spaces, warehouses, industrial facilities, medical facilities, and undeveloped land.

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

Property Types Covered: Single Family, Multi Family, Apartment, Office, Retail, Hotel, Storage, Assisted Living, Mixed Use, Warehouse, Industrial, Medical, Land

Areas Served: WA, OR, ID

Lending Guidelines for Private Capital Northwest

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

Loan Example 1

Bryan closes on a $320,000 rehab project in Portland, OR, using a hard money loan from Private Capital Northwest. The lender agrees to write a note with a 55% loan-to-value (LTV) so they will loan $176,000 on the house. The terms of the deal dictate a 14% note for 6 months. They also stipulate a 2 point origination fee, which will also be paid when the property closes.

Therefore, Bryan will need to contribute a $144,000 down payment in addition to paying a $3,520 origination fee. Private Capital Northwest will collect $2,053 in monthly interest from the Bryan. This is calculated by taking the total note value of $176,000, multiplying that by the 14% rate of interest, and then dividing that amount by 12. If Bryan meets his goal of a $480,000 sales price at the end of the loan term, he would make a gross profit of $144,160 after re-paying the principle amount and deducting the money he paid at closing, the origination points, and the total monthly interest payments.

Loan Example 2

Virgie is a real estate investor in Portland, OR. She buys an older property for a remodeling project and takes out a private money loan from Private Capital Northwest with the following paramters:

a) A $230,000 sales price, b) a 55% loan to value (LTV), c) a 18 month term, d) a 12% interest rate, and e) a 1% origination fee.

Once the rehab project is completed, if Virgie sells the house for $276,000, the final numbers would be the following:

$276,000 sales price
- $126,500 loan principle (55% LTV)
- $103,500 down payment (45% on 55% LTV)
- $1,265 origination fee (1% of the $126,500 principle)
- $22,770 interest payments (18 months x 12% interest)
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= $21,965 total profit (does not include taxes or rehab costs)

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