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Northwest Private Lending

Northwest Private Lending

Lake Oswego
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Northwest Private Lending

17125 Boones Ferry Rd, Lake Oswego, Oregon 97035
503-941-5473
Website

Vetted Provider

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

About

$750M+
Capital Deployed
2016
Year Founded
Northwest Private Lending (NWPL) is a Lake Oswego, Oregon-based direct private lender founded in 2016, born from a family lending background with over 30 years of regional experience. The firm has funded over $750 million in loans and operates offices in Lake Oswego/Portland, Boise Idaho, and Bellevue Washington. NMLS #1522364. NWPL provides hard money loans exclusively in Oregon, Washington, and Idaho for non-owner-occupied investment properties. Loan products include fix-and-flip, bridge, rehab and refinance, commercial/industrial, construction, 1031 and reverse 1031 exchange, and acquisition loans. Loan amounts range from $50,000 to $2,000,000. The firm funds its own loans and makes in-house property valuations - no appraisal required at any stage. LTV typically 60-80%, with 100% LTV available via cross-collateralization of other investment properties. Rate is 12-14% (1% per month), interest-only. Terms run 1 month to 2 years; most loans conclude in 6-9 months. Standard structure is a 1-year term with a $0 extension on performing loans. No prepayment penalty ever. No underwriting fee. Close in 3-5 business days; same-day pre-approval letters available. NWPL is known as a family-operated team: Erik, Eric, and Liz are commonly mentioned by borrowers by name. The firm also supports 1031 and Reverse 1031 exchange bridge financing - a specialized product that most hard money lenders do not formally offer.

Key Differentiators

Why investors choose this lender:

  • $0 extension fee on performing loans - zero penalty for taking more time - NWPL charges no extension fee on loans where the borrower is performing; this removes a major cost anxiety for fix-and-flip and construction borrowers whose projects run over timeline; combined with no prepayment penalty, there is no fee pressure from either direction
  • 100% LTV available with cross-collateralization - rare in hard money - NWPL will consider 100% LTV loans where the borrower pledges additional NOO investment properties as cross-collateral; this enables investors with existing real estate equity to acquire new properties with little to no cash out of pocket
  • 1031 and Reverse 1031 exchange bridge loans - formally offered program - NWPL has a dedicated 1031 and Reverse 1031 loan product for investors executing tax-deferred exchanges; the 1031 bridge loan covers the acquisition timing gap when the replacement property needs to close before the relinquished property sells; very few hard money lenders formally support 1031 exchange scenarios
  • No appraisal required at any stage - in-house valuation only - NWPL funds its own loans and makes its own internal property value determinations; no third-party appraisal is required at origination or during the draw process; saves borrowers $500-$950 per loan and eliminates a 1-2 week delay in the closing timeline
  • Same-day pre-approval letters - act like a cash buyer immediately - NWPL issues same-day pre-approval letters, allowing investors to make all-cash-equivalent offers on competitive properties the same day they contact the lender; closes in 3-5 business days, with 2-day closings available for time-critical transactions
  • $750M+ funded since 2016 - family-operated Pacific Northwest team - NWPL was founded in 2016 from a family with 30 years of regional lending experience and has funded over $750 million in loans; Erik, Eric, and Liz are known by name to borrowers across Portland, Boise, and Bellevue; a tight-knit local team operating offices in all three states

Where They Lend

Regional
OR, WA, ID
Oregon, Washington, and Idaho only. Non-owner-occupied investment real estate. SFR, multi-family, commercial/industrial, construction. Offices in Lake Oswego/Portland OR, Boise ID, and Bellevue WA.

Loan Types, Structures and Terms

$50,000 to $2,000,000
Typical Loan Amounts
1 Month to 2 Years
Typical Terms
12% to 14%
Typical Interest Rates
2% to 2.5%
Typical Points
60-80% LTV typical. 100% LTV with cross-collateral. $50K-$2M. 12-14% rate, 1% per month. 1 month to 10 years. Interest only. No appraisal, no underwriting fee, no prepay penalty, $0 extension on performing loans. OR, WA, ID.
Fix-and-Flip
New Construction
Short-Term Bridge
NWPL fix-and-flip loans fund $50,000 to $2,000,000 at 60-80% LTV (100% with cross-collateral) across Oregon, Washington, and Idaho. 12-14% rate, interest-only, 3-5 day close. No appraisal, no underwriting fee, no prepayment penalty, $0 extension on performing loans.
Fix & Flip FeatureStructure & Terms
Loan Amount$50,000 to $2,000,000
Max LTVTypically 60-80% LTV | 100% LTV available with additional collateral or cross-collateralization of other investment properties
Interest Rate12% to 14% (1% per month) | Interest-only monthly payments | Rate dependent on property location and LTV
FeesOrigination approx. 2-2.5% | Loan document fee $650-850 | No underwriting fee | Closing costs paid by borrower
Loan Term1 month to 2 years typical | Most loans conclude 6-9 months | No prepayment penalty | $0 extension fee on performing loans
AppraisalNo appraisal required. In-house valuation by NWPL's own team.
Speed3-5 business days to close | Same-day pre-approval letters
CoverageOregon, Washington, Idaho
NWPL construction loans fund $50,000 to $2,000,000 at 60-80% LTV in Oregon, Washington, and Idaho. 12-14% rate, no appraisal required, no prepayment penalty, $0 extension on performing loans. Close in 3-5 business days.
Construction FeatureStructure & Terms
Loan Amount$50,000 to $2,000,000
Max LTVTypically 60-80% LTV | Cross-collateral available for higher leverage
Rate12-14% (1% per month) | Interest-only on drawn amount
AppraisalNo appraisal required. In-house valuation only.
Prepayment / ExtensionNo prepayment penalty. $0 extension fee on performing loans.
CoverageOregon, Washington, Idaho - with local offices in all three states
NWPL bridge loans fund $50,000 to $2,000,000 at 60-80% LTV in OR, WA, and ID. 12-14%, interest-only, 3-5 day close. No appraisal. 1031 and Reverse 1031 exchange bridge financing available. Commercial/industrial and acquisition loans also offered.
Bridge Loan FeatureStructure & Terms
Use CasesFix-and-flip acquisitions, rehab and refinance, cash-out, commercial/industrial, acquisitions, 1031 exchange bridge, and purchase-before-sell bridge loans in OR, WA, and ID
Loan Amount$50,000 to $2,000,000
Max LTVTypically 60-80% LTV | 100% LTV available with cross-collateralization of other investment properties
Rate & Term12-14% interest-only | 1 month to 2 years | Most loans conclude in 6-9 months
No Prepay / No Extension FeeNo prepayment penalty - ever. $0 extension fee on performing loans.
1031 ExchangeDedicated 1031 and Reverse 1031 bridge program for investors executing tax-deferred exchanges who need short-term capital to bridge the acquisition timing gap.
Speed3-5 business days to close | As fast as 2 days | Same-day pre-approval letters available
Don't lose the deal waiting on financing. Apply now and get pre-approved today.
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Borrower Qualifications (Are you qualified?)

NWPL has no minimum FICO and reduced income consideration. Collateral-based underwriting. No appraisal required - in-house valuation. 1st lien required; 2nd position with cross-collateral considered. 100% LTV available with additional collateral. No prepayment penalty, $0 extension fee on performing loans.
Qualification ParameterLender Requirements
Minimum Credit ScoreNo minimum FICO. Collateral-based underwriting. You are not a number - NWPL is not a bank.
Income VerificationReduced consideration of income. Collateral is the primary qualifying factor. Asset-based underwriting focused on property value and equity.
Lien Position1st position required. 2nd position considered in cases with limited equity alongside cross-collateralization. 100% LTV available with additional collateral.
Appraisal RequiredNo appraisal required. NWPL funds its own loans and makes its own in-house property valuations, saving the borrower both time and money.
Prepayment & ExtensionNo prepayment penalty - ever. $0 extension fee on performing loans. Most loans conclude in 6-9 months; 1-year term with free extension is the standard structure.

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

NWPL funds its own loans and closes in 3-5 business days with same-day pre-approval letters. No appraisal required - in-house valuation only. No underwriting fee. No minimum FICO. In-house team in Lake Oswego OR, Boise ID, and Bellevue WA. NMLS #1522364.
Stage / RequirementProcess & Timelines
Pre-ApprovalSame-day pre-approval letters available. Apply at nwprivatelending.com/apply-for-a-loan or call 503-941-5473.
ValuationNo appraisal required. NWPL funds its own loans and makes in-house property valuations. Saves borrowers both time and appraisal cost.
UnderwritingNo underwriting fee. No minimum FICO. Reduced income consideration. Collateral-based underwriting focused on property value and equity.
Close SpeedStandard: 3-5 business days. Fastest: 2 days when needed. Direct lender - NWPL lends its own funds and makes its own decisions.
Local OfficesLake Oswego/Portland OR, Meridian/Boise ID, Bellevue WA. Regional Director in Idaho and Oregon. Local knowledge of Pacific Northwest real estate markets.

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

Northwest Private Lending holds construction and rehab funds and releases draws as work is completed. The team closes as fast as 3-5 business days and handles draws quickly with local expertise across Oregon, Washington, and Idaho. Same-day pre-approval letters available. No appraisal required at any stage.
Operational StepMethodology & Timelines
No AppraisalNo appraisal required at any stage. NWPL funds its own loans and makes in-house property value determinations, saving borrowers both time and appraisal costs throughout the draw process.
Close SpeedClosings in 3-5 business days standard. As fast as 2 days on time-critical transactions. Same-day pre-approval letters available.
Free Extension$0 extension fee on performing loans. Most loans conclude in 6-9 months. Standard 1-year term with a free extension built in for borrowers who are on track.
1031 Exchange SupportDedicated 1031 and Reverse 1031 loan program - NWPL can bridge the timing gap for investors executing 1031 exchanges in Oregon, Washington, and Idaho markets.
FlipperForce IntegrationUse FlipperForce's Project Scheduler and Project Budgeter to coordinate rehab milestones and contractor timelines with NWPL's local draw release process in the Pacific Northwest.