Hard Money LoansIGR Mortgage Services
Private Money Loans For Real Estate Investment, Commercial & Business Purposes
PRIVATE MONEY CONSTRUCTION LOANS – OREGON, WASHINGTON & CALIFORNIA
If you need a construction loan and want to avoid the hassle and lengthy loan process with a bank, a Oregon private money construction loan through IGR Mortgage Services is a great option to consider. We are committed to helping borrowers access the money needed for viable projects with a streamlined loan process and fast closings. We treat each application on a case-by-case basis and try to tailor a solution that best gets the job done. Our borrowers receive funding under the best terms and conditions available for their current situation.
PRIVATE MONEY CONSTRUCTION LOANS – QUICK REFERNCE GUIDE
Funded by private investors, not banks.
Any multi-family, commercial or industrial construction project can be considered
Borrow up to 90% of project cost and 70-75% of finished value
1st lien position only
Loan term 6 months to 2 years
Rates from 8% to 12.99% (determined by risk related to LTV, market, asset, equity & credit)
Origination fees 2% to 6%
Appraisals are usually required (can be performed in-house case-by-case)
All in one loans available (land acquisition plus construction)
All loans underwritten on a case-by-case basis
Closing can be relatively fast compared to banks
Low rates + lots of paperwork + appraisals + hassle + slow process = Bank Loan
Higher rates + streamlined paperwork + fast decisions + quick close = Hard Money
Have a Question About a Private Money Construction Loan?
Give us a call or contact us if we can help you with a Construction Loan in Oregon, Washington and California.
IGR Mortgage Services
Hard Money Real Estate Loans
Oregon, Washington & California
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