Oregon Hard Money Lender – financing your investment property
Oregon is one of the most geographically diverse states in the U.S., marked by volcanoes, abundant bodies of water, dense evergreen and mixed forests, as well as high deserts and semi-arid shrublands. It is also one of only 3 states with coastal access to the Pacific Ocean. Because of its diverse landscapes and waterways, Oregon’s economy is largely powered by various forms of agriculture, fishing, and hydroelectric power. Their economy has remarkable rebounded from the depths of the Great Recession to a position where their economy is ranked as one of the best performing in the nation.
High-tech industries continue to be an important economic driver in Oregon. Many companies are choosing to relocate as the wages and cost of doing business rise in cities like San Francisco and Seattle.
The housing market is hot across the nation, particularly so in cities like Portland Oregon. When the economy is good, people want homes. New construction just can’t keep up with the demand and the majority of people are still renting.
Ready to finance your Oregon investment properties?
The number of Americans renting is incredibly high, leaving a great investment opportunity in rental income properties.
- 30% to 40% returns are not unheard of for investment properties
- Portland had 2nd highest home price growth in 2016 & 2017 (Seattle #1)
- rent prices increased an average of 8.4% from the previous year
Rental properties have recently created a stable vehicle for investing money and creating wealth. As many look to purchase an investment rental property, some look for an Oregon hard money lender to finance their real estate purchase. Unlike traditional lenders, private money lending institutions focus more upon on the equity in a property relative to the borrower’s credit score. The underwriting and funding process can take place in a matter of days instead of weeks or months. Wilshire Quinn continues to fund hard money loans in Oregon and across the nation.
Asset Based Lending
Asset based lending means we base our loan amounts on the value of real estate, such as an investment property, multifamily building, or commercial building, rather than strictly on your credit score and debt to income levels. Wilshire Quinn takes pride in our common sense equity based lending. Wilshire Quinn is an Oregon hard money lender with experience lending in the state of Oregon and across the nation. As an experienced hard money lender we can handle even the most complicated of lending scenarios and care more about the real estate that you are purchasing or refinancing than inflexible bank requirements.