Portland Hard Money Lender – financing your commercial & residential real estate investments
Portland is the largest city in the U.S. state of Oregon. It is the 26th most populous city in the United States, and the second-most populous in the Pacific Northwest.
Recent statistics show that investing in Portland real estate might be a safe bet. The economy has steadily bounced back in Portland since the 2008 recession. 60.1% of the population in Portland have white collar jobs and the year-over-year change for rentals in Portland was +2%.
- The majority of Americans rent rather than owning, making purchasing a rental property a good business
- 30% to 40% returns are not unheard of for investment properties
- Portland had the 2nd highest home price growth in 2016 & 2017 (Seattle #1)
- Rent prices increased an average of 8.4% from the previous year
- The average family size in Portland is 2.32
Looking to buy a rental property? Consider working with a Portland Hard Money Lender
The cost of living in Portland has continued to increase over the past 3 years making home ownership difficult for people. Many Americans desire the single-family home lifestyle but just cannot afford to buy into it. Also, Millenials are delaying getting married and have massive school debt, and are not buying real estate. The number of Americans renting is incredibly high, leaving a great investment opportunity in rental income properties.
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 a Portland hard money lender to finance their real estate purchase. Unlike traditional lenders, private money lenders 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 Portland 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 a Portland hard money lender, with experience lending nationwide. 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.