Oregon Hard Money Lenders

OR Hard Money Loans Are Financing Your Oregon Fix And Flips

Asset Based Lending specializes in fast financing for fix and flip investors with a focus on flexible underwriting that allows us to work with several different types of rehab projects. We’re able to close our rehab loans in 10 days or less on average, so you’ll never miss out on a potential deal. These 12-month interest-only bridge loans allow Oregon investors the ability to acquire property and begin renovating with the most competitive rates on the market, including the industry’s only true zero-point program. ABL offers funding that covers up to 85% of the purchase price and 100% of the rehab costs. Whether you’re working on your first fix and flip or are a seasoned professional, ABL is ready to finance your project. Click to learn more about our Oregon fix and flip loans.

Why Oregon Investors Choose Fix And Flips

Fix and flips are one of the most consistent and reliable forms of real estate investing, offering profits that allow investors the opportunity to funnel that capital into their next projects. Flipping homes in Oregon is easier in 2023 than flipping homes in 2021’s competitive market. The average fix and flip profit was 26.9% in Q2 2023. More than one-third of real estate investors use outside financing for their projects, with OR hard money lenders being the preferred choice for bridge loans since investors can both close and exit the deals quickly.  Our fix and flip loans focus on closing in 10 days on average, so our borrowers never miss an opportunity due to financial delays. Whether you need to close fast, are seeking flexible loan terms, or another lender simply dropped the ball, ABL is here to help.

Using Hard Money Loans For Fix And Flips

Financing a fix and flip investment requires a lending partner that can close fast and offer a variety of loan options. That’s why so many real estate investors prefer hard money loans for fix and flips, as this type of financing can close in less than two weeks and comes with flexible loan terms. For example, Asset Based Lending has closed loans as quickly as two business days with the appropriate paperwork. These efficient loans allow fix and flip investors the opportunity to secure deals that would normally be missed if using another financing option. Oregon hard money loans are also less stringent with its documentation requirements – aside from recent bank statements and credit check, hard money lenders forego documents such as tax records or income verification. Investors that have tried borrowing from a bank or other traditional financial institutions know the pushback – the projects are inherently risky and banks typically don’t want to involve themselves. Or if they do choose to lend, its an agonizingly long process with loan stipulations such as prepayment penalties or intensive documentation requirements that end up hurting the deal too much for the investor. When it comes to fast and efficient lending for fix and flips, hard money loans are the best option for borrowers, and no lender does it better than Asset Based Lending.

Loans For Oregon New Construction

ABL provides hard money loans for new construction to real estate investors that are seeking competitive interest rates, fast draw turnarounds, and flexible underwriting. These 12-month new construction bridge loans are available to experienced investors, builders, and developers who can borrow up to 70% of the land value and 100% of the construction costs. ABL tailors our ground up construction loans to match each individual project, ensuring the borrower receives the best loan terms for their business strategy. We assess the investor’s experience level and the viability of the project to determine whether the deal is profitable for all parties. Whether you’re looking to finance the ground up construction of single family or multifamily projects, ABL is ready to discuss your upcoming deals. Click to learn more about our new construction loans.

Oregon New Construction Investment Information

Oregon has a current growth rate of .89% as of 2023, making the state rank 22^nd in the country. Single-family home construction slowed down in Portland in 2022. Permit activity data from the U.S. Census Bureau for single-family detached homes dropped from 536 in January 2022 to 375 in January 2023, a 30% year-over-year decrease in Portland, Oregon. Because the city has pretty tight urban growth boundaries new single-family construction has plummeted since its May 2022 peak. Construction for multi-family homes however, increased in 2022. In Q1 2023 there were 698 housing permits issued for buildings housing two or more units in comparison to 569 permits the year prior, a 23% increase in the last 12 months. If you’re ready to use Oregon construction loans to scale your real estate business, then contact us today.

Choosing Asset Based Lending For New Construction Loans

The constant feedback from investors that utilize ABL had money loans for new construction is the fast time to close and loan flexibility. A slower close time or stricter loan parameters would hurt their ability to scale their real estate business as quickly as they desire. By securing financing quickly with terms that are investor friendly, builders and developers can leverage ABL construction and control more of the market share in the areas they invest in. While some investors seek out bank financing or private money loans, they realize the slow nature and strict guidelines of bank loans or lack of reliability from a private money lender ends up costing them deals or more issues instead of making things easy. Working with a lender that’s ready to work as fast as you is invaluable, ensuring you can grow and scale your real estate business at whatever pace you’re comfortable with. Asset Based Lending is run by real estate investors, so we strive to create a seamless loan process that allows investors to receive their financing quickly and focus on the project at hand. As direct hard money lenders with full control of our capital, we’re able to lend on various new construction investments and use flexible underwriting to ensure our borrowers receive their best potential loan. Whether you’re looking to build a few homes a year or you’re ready to scale to multifamily development, then contact us today to discuss your upcoming projects.

DSCR Loans for Oregon Rental Property

Asset Based Lending offers simple and reliable Oregon rental loans. These term rental loans are designed for buy and hold investors that want to secure properties between 1-8 units or refinance an entire rental portfolio. We offer competitive terms with rates starting as low as 6.875% with leverage up to 80% LTV. Our goal is to provide the most flexible rental loan options to our borrowers including 30-year amortization, ARM, and interest-only options. ABL offers a variety of rental loan options with single rental loans up to $3M and rental portfolio loans up to $6.25M. These loans for rental property are available to investors of all experience levels, assessing each deal based on the income-producing viability of the property. We also offer the ability to use our bridge program to complete property rehab or finance ground up construction before refinancing into a long-term rental loan, making us a one-stop shop for Oregon real estate investors. Click to learn more about our rental loan programs.

Oregon Rental Markets

Home prices in Oregon have remained strong while housing demands have decreased year over year. Understanding the level of competitiveness in the market is important for both buyers and sellers to decide whether to invest. In April 2023, 34.2% of homes in Oregon sold below the listing price, representing a 24.7- point decrease compared to the previous year. Additionally, the percentage of homes with price drops increased from 22% in April last year to 25.2% this year. The housing market forecast for Oregon shows varying trends and growth rates. Portland, OR is expected to see a modest increase in home prices, with a projected growth rate of 0.1% by the end of July 2023 and a 1.6% increase by May 2024. Salem, Oregon is expected to increase more significantly than Portland in the coming year, with an expected growth rate of 4.2% by April 2024. The housing forecast for Eugene, OR also shows positive growth in home prices with a 4% increase in April 2024. While interest rates have risen in Oregon over the last few months, they are still historically low compared to previous decades. While some buyers may be priced out of the market because of higher rates, there are many who can afford to buy homes. The Oregon rental market is expected to experience moderate growth by 2024, making it a good choice to invest now and build your real estate portfolio.