COMMERCIAL REAL ESTATE LOANS IN PORTLAND, OREGON
When a commercial real estate loan from a bank isn’t possible, consider a private money loan through IGR Mortgage Services. A short phone call can probably determine if we can help you to accomplish your goals.
IS THE BANK GIVING YOU A HASSLE, WHEN ALL YOU WANT IS A REASONABLE LOAN?
Obtaining a commercial real estate loan from a bank can be a rigorous process. Endless paperwork, reports, conditions, delays, loan committees, false hopes, and more paperwork! Because we use local private investors, we can make fast underwriting decisions and can often overcome issues like tax problems, derogatory credit, appraisals, cash flow, deferred maintenance and other property condition scenarios.
Portland Commercial Real Estate Loans – Quick Reference Guide:
• Funded by private investors, not banks
• Any commercial property including apartments, office, strip center, retail, mixed-use, restaurants, medical/dental, mobile home parks, and others.
• Borrow up to 65% of value
• Rates from 8% to 14%
• Interest only loans available
• Loan term 6 months to 15 years
• Appraisals usually performed in-house
• Property vesting can be individual, corporation, partnership, LLC or trust
• Purpose can be purchase, refinance, cash out, debt consolidation, repairs or whatever
• Pay-off tax liens, solve balloon payments, buyout partner, settle divorce or whatever
• All loans underwritten on a case-by-case basis
• Closing in a few days, not a few months
Low rates + lots of paperwork + appraisals + hassle + slow process = Bank Loan
Higher rates + streamlined paperwork + fast decisions + quick close = Private Money
CALL IGR MORTGAGE SERVICES 503-504-2660