Oregon NOO Mortgage or Commercial Lender

Investor · Portland, OR · Member since 2016 · 34 posts · 6 votes

Hi BP Community,

I'm looking for recommendations on (preferably) Oregon-based mortgage lenders who specialize in NOO mortgage and potentially Commercial lending. I've typically worked with more traditional bigger bank lenders who tend to be a bit more limited in their lending options. I'd like to discuss some cash out refi options and start building a relationship with a lender who can help me as I move from my current portfolio of 4 units on up to more as I grow. Great credit, DTI, and equity. Looking for a lender who does his or her business ethically as well (of course).

Thanks!

Taj

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Zackery McElveny

Brush Prairie, WA · Member since 2017 · 2 posts · 1 vote

Look into some local mortgage brokerages as well. We typically have referrals for when we can't get it done. All depends on your portfolio and what you want to do with it. Getting a relationship built is key.

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Chris Shepard
Investor · Portland, OR · Member since 2012 · 163 posts · 121 votes
8y
check out bank of the west. Jeremy Vogl (Lake Oswego Branch) is our relationship manager. He got us a 75k Line of credit for one of our LLC's. As well we've financed three 4 plex's in the name of LLC's with them. Once you get over 1.5m in financed assets you kind of run out of rope with them though.
We are looking at Rivermark and Lewis and Clark bank for a commercial building refinance at the moment as well.
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Jay HinrichsBusiness Member
Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
8y
Originally posted by @Chris Shepard:

check out bank of the west. Jeremy Vogl (Lake Oswego Branch) is our relationship manager. He got us a 75k Line of credit for one of our LLC's. As well we've financed three 4 plex's in the name of LLC's with them. Once you get over 1.5m in financed assets you kind of run out of rope with them though.
We are looking at Rivermark and Lewis and Clark bank for a commercial building refinance at the moment as well.
I would add:
Umpqua
pacific continential
riverview
Premier
M an T
to the ones named above.
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Taj T.
OP
Investor · Portland, OR · Member since 2016 · 34 posts · 6 votes
8y
Chris Shepard Jay Hinrichs thanks guys, much appreciated. I’ll reach out to them! Taj
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Zackery McElveny
Brush Prairie, WA · Member since 2017 · 2 posts · 1 vote
8y
Look into some local mortgage brokerages as well. We typically have referrals for when we can't get it done. All depends on your portfolio and what you want to do with it. Getting a relationship built is key.
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