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North Oak Investment

North Oak Investment

North Oak Investment is a leading local private lender specializing in fast, reliable fix-and-flip bridge loans and short-term bridge financing for residential real estate investors in the Kansas City metro.
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North Oak Investment

9233 Ward Parkway, Ste 220, Kansas City, MO 64114
816-237-5451
marketing01@northoakinvestment.com
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Vetted Provider

This vendor has been evaluated and confirmed as active, reputable, and qualified to lend.

About

$500mm+
Capital Deployed
900+
Properties Funded
1972
Year Founded
North Oak Investment is Kansas City's longest-tenured local private lender, founded in 1972 by Bernie Richter and now led by CEO Tommy Nigro - with over 40 years of relationship-based lending backed by a privately managed REIT funded by local KC investors. Specializing exclusively in residential 1-4 unit properties across the Kansas City metro, North Oak has funded more than 900 loans totaling over $500 million in capital deployed. Their differentiator is a servant-minded approach: direct borrower relationships, transparent terms with no hidden fees, and in-house underwriting and servicing that keeps decisions fast and local.

Where They Lend

Local
Kansas City Metro (MO + KS)
North Oak lends exclusively in the Kansas City metro area and surrounding counties - including Jackson, Clay, Platte, Wyandotte, Leavenworth, Johnson (MO), Clinton, Ray, Lafayette, Cass, Johnson (KS), and Miami (KS). All underwriting, servicing, and draw inspections are handled in-house by their local Kansas City team.

Loan Types, Structures and Terms

$30,000 to $1,000,000
Typical Loan Amounts
6 to 12 Months
Typical Terms
12.00% to 13.50%
Typical Interest Rates
2.25% to 3.00%
Typical Points
North Oak offers Fix-and-Flip bridge loans for residential purchase and rehab projects, and short-term bridge loans for as-is acquisitions and transitional holds - both focused exclusively on 1-4 unit residential properties within the KC metro footprint.
Fix-and-Flip
Short-Term Bridge
North Oak Investment Fix-and-Flip loans cover up to 100% of purchase price and 100% of renovation costs for experienced investors, with draws processed in 5 days and in-house appraisals keeping the underwriting process local and direct.
Fix & Flip FeatureStructure & Terms
Project TypesSingle-family residences, 2-4 unit residential - Kansas City metro only. No condos, commercial, or multifamily over 4 units.
Loan Limits & Terms$30,000 to $1,000,000 | 6 to 12 months | Interest-only, first-lien | Minimum $3,950 origination fee
Rates & Fees12.00% to 13.50% interest rate | 2.25% to 3.00% origination | 6-month minimum interest guarantee
Leverage Ratios (LTC/ARV)Up to 100% of Purchase Price (experienced investors) | 100% of Renovation Costs | Max 75% LTARV (first-timers) to 80% LTARV (experienced)
Structural Advantages900+ loans funded by a relationship-based local KC team. Cross-collateralize with other investment properties. Proof of funds letters available. Closes in as little as 3 days.
North Oak Investment Short-Term Bridge loans provide fast-close capital for Kansas City investors executing as-is acquisitions, initial purchases to secure a project, or transitional holds on vacant residential properties - with the same local underwriting team and 3-day close capability.
Bridge Loan FeatureStructure & Terms
Use CasesAs-is purchases to secure a deal, initial acquisition bridge, transitional holds on vacant residential properties. No refinances, no cash-out, no equity extraction.
Property TypesSingle-family residences, 2-4 unit residential only. No condos, commercial, multifamily over 4 units, or land.
Loan Limits & Terms$30,000 to $1,000,000 | 6 to 12 months | Interest-only, first-lien | 6-month minimum interest guarantee
Rates & Fees12.00% to 13.50% interest rate | 2.25% to 3.00% origination | Minimum $3,950 origination fee
Leverage Ratios (LTV)Purchase (no value-add): Up to 75% LTP | Will consider seller financing or gap funding in 2nd position behind their 1st lien
Structural AdvantagesCloses in as little as 3 days. Cross-collateralize with other investment properties. Local KC decision-making - no corporate committee delays.

Borrower Qualifications (Are you qualified?)

North Oak qualifies borrowers based on deal structure and property value - first-time investors are welcome with up to 75% LTARV, while experienced investors with a strong payment history unlock higher leverage up to 80% LTARV over time. No W-2s or tax returns required.
Qualification ParameterLender Requirements
Experience LevelsAll Tiers Accepted. First-time investors welcome - max 75% LTARV. Experienced repeat borrowers unlock higher leverage up to 80% LTARV and improved terms over time.
Credit Requirement600 Minimum FICO. Credit check required on all loans.
Income VerificationNo W-2s or Tax Returns Required. Asset-based underwriting focused on the deal structure and property value.
Entity RequirementIndividuals, LLCs, and Corporations accepted. Unlike many hard money lenders, North Oak will lend to individuals - not just business entities.

Underwriting Process (How long will it take to get approved?)

North Oak underwrites and services all loans in-house with a local Kansas City team - appraisal is always required (no BPOs accepted) but their established appraiser relationships keep the timeline tight, with a typical close of 10 days and a fastest close of 3 days.
Stage / RequirementProcess & Timelines
Initial ReviewSubmit your deal directly to the North Oak team. Direct communication with loan officers throughout - no corporate hand-off chain.
Property ValuationFormal appraisal always required on all residential properties. BPOs are not accepted. Appraiser fee paid directly by borrower to appraiser.
Speed to CloseTypical close in 10 business days; capable of closing in as little as 3 days on qualifying deals with a complete application package.
Document ChecklistCredit report authorization, purchase contract (property must be under contract), proof of equity source: own cash, partner funds, subject property equity, or equity in another investment property.

Draw Process (How long will it take to get draws?)

North Oak's draw process is managed in-house by their local Kansas City team, with draw funds typically released within 5 days of inspection approval - keeping contractor schedules on track and protecting your FlipperForce project timeline throughout the rehab.
Operational StepMethodology & Timelines
Draw SystemReimbursement-based. Investor funds the completed phase of the rehab budget upfront, then submits a draw request for reimbursement. Interest charged on entire total project cost amount.
Inspection MethodIn-house and local. Inspection coordinated by the North Oak Kansas City team. Direct communication with your loan officer throughout the draw process.
Funding TurnaroundDraw funds released in approximately 5 days from inspection approval - keeping contractor payment schedules aligned with your FlipperForce project timeline.
Draw FeesNo separate per-draw fee structure publicly listed. Confirm draw inspection process and any associated fees directly with North Oak at application.