Hard Money

PRIVATE MONEY LOANS IN PORTLAND, OREGON

When a conventional loan or a bank loan isn’t availale or funding is needed quickly, a hard money loan funded by private sources may be the best option.

Portland Hard Money Loans – Quick Reference Guide:

• Funded by private investors, not banks
• Any type of real estate is eligible (lots and land on case-by-case basis)
• Borrow up to 70% of value (higher LTV on case-by-case basis)
• 1st lien position only (some 2nd considered, case-by-case)
• Loan term 6 months to 3 years
• Rates from 8% to 14%
• 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