Finance Companies

Where have all the finance companies gone?

Ten years ago you could find a dozens of finance companies in the Portland, Oregon. Household Finance, Beneficial Finance, Security Pacific, General Finance, Mercury Finance, Blazer Financial, CIT, Transamerica, Commercial Credit were making unsecured and real estate secured loans for the last 50 years. After the sub prime mortgage bust the securitization market dried up and now I do not know where to find one open finance companies for real estate investors.

In Portland the market demand for real estate financing outstrips the supply of money for real estate investors and consumers nationwide. Until this void is filled it will be a a long time before housing comes out of its recession. Real estate investors will continue to seek alternative forms of capital for their real estate business including private lenders, credit unions, and hard money lenders.

Portland hard money lenders and private lenders are one of the few sources helping the housing recession nationwide by providing capital when banks and traditional lenders turn their backs on all but the best borrowers. Hard money and private money are the new finance companies in 2012.

To apply for a modern day finance companies loan click here.

Hard money loans

Hard money loans for real estate investor and commercial property owners in 2012 are available when investors put 20-30% of their own money in the deal. Private Lending Groups in Portland, Oregon will do everything to make good loans to qualified investors on quality property. But it’s hard to do it if investors not have enough capital in the deal. We are positive real estate is stable and will rebound in the next 12-24 months in Oregon, so we are funding hard money loans in this market.

We fund loans quickly and can often fund hard money loans in less then 14 days.

Hard Money Loans Portland Qualification:

Do you want to see if you qualify for?

Hard money loans

Before we issue a loan commitment you must provide some basic information for a hard money loans?

1. Complete online loan application at private lending groups?
2. Loan summary explaining details of transaction
3. Have a property address we can evaluate

So if you have been rejected by the banks and mortgage companies or do not have perfect credit and need no income qualifying hard money loans? You have come to the right place. Private Lending Groups in Oregon is here to work with real estate investors who are taking advantage of the lowest real estate prices in decades.

Apply for hard money loans: click here

Purchase Rehab Loans

Today’s real estate investors have found purchase rehab loans the answer to their investing needs. Purchase rehab loans are a combination loan. Part one is used to purchase the investment property, and part two is used to advance monies for needed repairs.

Many times, real estate investors need funds after closing to updated the kitchen and baths. Other times the property is just to small, and would be better used as a rental or flip if there were a more bedrooms, additional closets or storage added.

Our response to the market place in the Portland area, we have our Purchase Rehab Loans program. You can purchase an investment PLUS add the cost of improvements to the loan.

Here is how it works, after you find an investment property to purchase. you figure out how much work the property needs, you submit this construction schedule and estimate with your loan request.

On the day of closing, the seller gets their agreed to sales price and the additional funds are put in a construction account for the investor to complete improvements. Draws are made as the work progresses.

An appraisal is completed based on the ‘subject to’ completion of the work, so that you know the true value. Remember, some improvements will only bring a home up to standard value, not increase the value.

A contingency factor of 10% is allowed in the construction costs and put into the transaction. This can either be paid by you at closing or rolled into the construction portion of the loan.

The purchase rehab loans is an Interest Only payment at the closing of the loan and during the construction phase of the project.

Once the work is completed, the purchase rehab loan is refinanced or modified to the final end loan. This could be a 30 Yr Fixed rate loan, a 15 Yr Fixed rate loan.

To apply for Purchase Rehab Loans click here

Hard Money Business Loans

Private lending groups in Portland, Oregon offers hard money business loans if you already have worn out all your possible financing sources from banks and traditional lenders and you still need more money to operate or expand. Since they are usually short term and must be paid within one or two years, they are also called bridge loans.

Before you sign any hard money business loans,

When you have a growing business and want to expand it, then hard money loans can help you, but consider the following items.

1. Can you generate a return on investment (ROI)?
2. Do you have an exit strategy? Hard money business loans can be pain within a shorter period of time. Therefore, make sure you have regular cash flow.
3. What are your alternatives? When your alternative financing options are equity based, a hard money loan can enable you to take control of your business
4. What’s the impact on personal liability? Hard money loans are better compared to other financing sources with high costs.
5. Can you generate enough capital? A hard money loan is not the suitable option when it can’t cater your financing needs.

Hard Money Business Loans can be the very beneficial because they are easy to qualify for, close quickly and will help you to meet your business financial goals.

To apply for hard money business loans, click here