74% LTV in Portland Oregon

[Michael Moikeha]

I have an opportunity that may work for someone interested in diversifying their lending partnerships, or locking up their money at a decent rate as the market starts to shift.

We know that times are changing and if anyone is looking to secure funds in guaranteed long term holds in a great market (Portland), check out what we have below.

We have 3-4 properties we are looking to refinance as rental properties and we would rather work with partners/lending partners rather than banks. We would love to work with one partner rather than multiple, but if you are interested in this option but don't have the funds for the full portfolio, contact me and we will see what we can do.

We have 4 properties that we are currently interested in refinancing. Below are the numbers.
Property 1  

• $900,000 Value
• SE Portland property
• $5,300+ rental potential
• $700,000 lending wanted
• 77% LTV
• Prime Portland

Property 2

• $430,000 Value
• Oak Grove (Portland)
• $3,300 rental potential
• $301,000 lending wanted
• 70% LTV
• Large Dividable lot

Property 3

• $175,000 Value
• Lincoln City Beach house
• $1600 rental potential
• $122,500 lending wanted
• 70% LTV
• Double lot

Property 4

• $250,000 Value
• East Portland property
• $2,000 rental potential
• $187,500 lending wanted
• 75% LTV
• Large dividable lot

Total Value - $1,755,000

Total lending - $1,311,000

Totally LTV - 74.7%

[Michael Moikeha]

@Robert Laird

IRR - 16.4%

ROI - 9.8%

APY - 4% - 5%

We like to hold onto properties that have expandability. Holding onto a rental property is great if it can cash flow even just a little, but holding onto a cash flowing rental that is on a double lot, or a dividable lot in the Portland area is money. Being younger investors, we want to sit on that till the next cycle. Right now construction costs are through the roof. We are late to the building game for this cycle, but we have prime real estate and time on our side. 3 of these 4 properties have expandability.

The 4th project, we already expanded, the SE Portland property. We added an ADU with street level access. Portland will only continue to grow with no room to build, increasing the value of properties in its boundaries year after year.

We know what we are asking for is not a Hard Money, or even an active investors bread and butter, but we are looking for someone interested in slowing down their investments and locking them into longer terms.