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Find top hard money lenders in Oregon
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Perfecto Capital
5.0
4 reviews
5.0
4 reviews
Perfecto Capital
- Fast Closing - Out-of-state friendly Our goal has always been simple; to offer the best financing solutions, loan products and exceptional service, providing investors the ability to quickly and effectively capitalize on real estate opportunities. Through dedication to this single goal, we offer a wide repertoire of uniquely-tailored hard money loans. We can be reached 7 days a week! Please call 561.990.1884 We’ve invested in simplicity to provide faster outcomes and better results. Funds can be received as quickly as 72 HOURS. We do SOFT CREDIT PULLS ONLY and we’ll lend to client with ANY credit and ANY experience. There are no prepayment penalties of any kind. We’ve invested in people to provide high-level expertise in every aspect of investing, paving the road for borrowers to obtain quality answers and real estate consultation from the very first step to the last. We have a full SPANISH & ENGLISH speaking team to assure our customers receive outstanding service. We’ve invested in technology to provide an easy and efficient online application which usually takes less than 5 minutes to complete. We use AI (artificial intelligence) among other tools for the fastest project valuations in the market. We can provide you a Proof of Funds Letter within the hour. We DO NOT have red tape and therefore have tremendous capacity to customize loans to meet your needs. We can adjust closings as needed and have an exceptional REPUTATION FOR SAVING DEALS where other hard money lenders dropped the ball. We operate on a commons sense basis and our open draw system is second to none. Flexibility, speed and white-glove service is what makes us stand out. Lastly, we provide direct and honest feedback at all times to our clients. We believe in clear communication and full transparency and we hold firm to our policy. Please check out our Google Reviews. Passion permeates every aspect of our business. Thank you for taking the time to read about us. We look forward to serving you.
Premium
30
deals
58
forum posts
Center Street Lending
Center Street Lending
Quick capital without complication. Financing experienced real estate investors coast to coast. Provides lending solutions to residential real estate investors. Loan types: - Fix/Flip - Short and Long Term Rental - Bridge - Ground-Up Construction - 30 year DSCR Requirements: -Minimum loan is $100k-$15MM+ Center Street offers attractively priced loans, quick access and hassle-free IN-HOUSE draws, no hidden fees, transparent communication, and quick results. All loans are only for business purposes. Current markets include: AZ, CA, CO, DC, FL, GA, MD, NC, NJ, NY, PA, OR, TN, TX, VA, and WA.
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2
deals
The One Brokerage
5.0
8 reviews
5.0
8 reviews
The One Brokerage
Specialties: Residential Mortgages, Commercial Mortgages, Transactional Financing
The One Brokerage is the newest pursuit of David Greene and his business partner Christian Bachelder. We are striving to fix the issues with accountable and responsive mortgage brokers in the industry by building our own mortgage brokerage than can guarantee some of the lowest rates in the industry, expansive lending products, and placing a huge emphasis on turn times!
Premium
540
forum posts
Rain City Capital
Rain City Capital
Rain City Capital offers financing services to real estate investors and professionals in the Washington State. We specialize in providing short-term loans for residential property purchases that require fast action and secured funding to close. Our experienced team puts their years of expertise to work for borrowers by assisting with specialized acquisition types such as auctions, bank-owned, wholesale, and even traditional channels. We don't just want business - we want business partners. We look at every transaction with the whole deal in mind, and not just a credit score.
Premium
140
forum posts
The Simpson Team
5.0
1 reviews
5.0
1 reviews
The Simpson Team
Whether you're a first time homebuyer or buying your 10th investment property, with our background in lending, real estate investing and coaching clients through the process of buying real estate, we are a wealth of knowledge and ready to help. With billions of dollars funded in loans and thousands of transactions closed, this is why 95% of our business comes from referrals.
Premium
110
forum posts
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What Is A Hard Money Lender?

A hard money loan is an asset-based loan. One of the biggest factors affecting the approval of a traditional loan is your credit history and income. Lenders want a candidate that possesses a reputable re-payment history because this demonstrates the consumer’s ability to repay loans.

However, a great credit score and a lot of income is not always guaranteed an approval and the overall process can sometimes take a long time. Hard money lenders utilize a different approach by lending funds based on collateral and therefore, the lender places less emphasis on credit history. Hard money loans are not for everyone, but there are several situations where these loans make sense.

Strategies Using Hard Money

There are different instances when a real estate investor will be more likely to use a hard money loan versus a traditional loan. Real estate investors might find themselves using a hard money loan in the following instances.

Fix & Flip
One of the most important things to understand when considering hard money is that each lender considers things differently than the next lender. Each lender is going to have his/her own criteria but most of them will base their loan off of a percentage of the after repair value or AVR. The following could also be considered when looking at a hard money loan:

  • Independent appraisers AVR
  • In-house AVR
  • Percentage of total costs
  • Percentage of the purchase price of the property
All lenders are different so be prepared for the hard money lender to consider any combination of the above before settling on the loan.
BRRRR
If you are a real estate investor looking to execute the BRRRR strategy then the first thing you are going to want to do is secure a lender. One of the biggest mistakes that real estate investors make in the BRRRR strategy is only looking for a lender right when they need one. The best thing that you can do for yourself is to begin searching for, vetting and building a relationship with a lender as early in the process as possible. Meeting with lenders earlier will highlight any issues you might have with credit or income that you might need to get fixed before you really need the money for repairs. Getting this handled early will save you a big headache in the future.
Short Term Financing
A short term loan is the traditional loan when a real estate investor is fix and flipping a property. With this type of loan you will typically only have 2-3 months to rehab and then resell your property for a profit. Short term financing is a good idea for properties that have a lower volume of fixes and repairs before putting the property back up for sale. Due to the short time period before the loan expires, you don’t want to get caught up with too many long term projects and have time run out. This would be homes that only need cosmetic repairs, upgraded appliances or minor repair work.

Questions To Ask A Hard Money Lender

Based on the best practice of reaching out to multiple lenders, you will want to make sure you have a proper list of questions available to you to vet out which lender is best for you. Here are some questions that you should ask a potential lender:

  • Are you the actual lender or just a broker?
  • Do you check personal credit? What score are you looking for?
  • What project details and documents do you need to make a quote?
  • How long will it take to get a quote?
  • Where does your money come from? Is this money in your control or do you receive it from a third party?
  • What happens if my loan needs to be extended?
  • How do you handle interest? Is it upfront, monthly or at the end?
What is Hard Money and How Does it Work? 10 Questions on Hard Money Loans Hard Money Buying Worksheet Hard Money Upfront Fees: Should You Pay Them? Understanding the Benefits and Risks of Hard Money Interview with Hard Money Lender, Kevin Amolsch Using Hard Money Lenders to Grow Your Business: Podcast with Ann Bellamy

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