Portland Private Lending
As a leader in landlord and investor financing, we make it easy to find loan products in every area of real estate investing. Investors in residential real estate need to be flexible, fast, and smart to profit in this market and they need a lender who can keep up. As the population of renters continues to climb, landlords require financing from a lender who understands their unique needs. Whether you are looking to purchase or refi, build your portfolio or update your current rentals, we broker investor-friendly loans that enable the modern investor to prosper.
Our Ideal Borrower
Over the years we’ve learned what works and what doesn’t. We do think outside the box in special situations, but we can say with a level of comfort that our ideal borrower looks a little something like this:
- Someone with real estate experience (a landlord of more than one cash flow positive property or flipped more than three houses in the last 5 years).
- Someone with consistent, reliable, and sustainable income.
- Someone with a credit score of at least 650, trending upward if trending at all.
- Someone with some cash. Someone who can put down 25% on their next project.
Our Process is Simple
First, talk with us: Speak to one of our knowledgeable and friendly associates about your real estate lending needs. Call us anytime at (503) 334-4150.
Next, complete application: Applying is easy. Simply apply online and one of our helpful account executives will get in contact with you to finish the process. You will receive the final application to sign digitally.
Then, order the appraisal: Simply order an appraisal through one of our approved appraisal partners. Whether or not you choose to fund the loan with us or not, the appraisal is yours to keep. Your loan goes to processing as soon as we get the appraisal back.
Finally, get funded and close: We get you your money fast–in weeks, not months. Because we are fully funded, we don’t have waiting periods. Our typical funding time from application to close is 29 days.
Where We Lend
We lend in 34 states: AL, AR, CO, CT, FL, GA†, IA, IL*, IN,
KY, LA, MD, ME, MI*, MO, MS, MT, NC, NH, NJ, NM, NY,
OH*, OK, PA, SC, TN, TX, UT, VA†, WA, WI, WV & WY.
*We do not lend in Cook County & Chicago, IL, Detroit & Flint, MI,
Cuyahoga County, Dayton & Cleveland, OH.
†Must close in an entity (LLC, partnership, corporation or non-profit).
Loan Product Overview
The Rental360 7 Year ARM
Our Rental360 7 Year ARM loan has rates as low as 5.99% and allows for LTVs up to 75%. It’s perfect for rent-and-hold investors looking to build a strong rental portfolio.
The Rental360 30 Year Fixed
Our Rental360 30 Year Fixed loan has fixed rates as low as 5.99% and allows for LTVs up to 75%. It’s perfect for rent-and-hold investors looking for the certainty of a consistent interest rate.
The Rental360 Portfolio+
This blanket loan allows investors to get a purchase or refi loan on up to nine properties with one closing, no minimum fee and one payment. (Only available with the Rental360 7 Year ARM).
STR Pro – Long-Term Loans For Short-Term Rentals
A loan designed for the unique needs of short-term-rental investors, the STR Pro combines the best in long-term real estate financing with your most important short-term rental goals.
Visio’s LTRFlex is our most flexible landlord loan yet. With just a one-year pre-pay you can choose to hold on to your rental or sell it after one year.
If you have a rental property $250K and up, the WealthBuilder is the perfect loan for higher-priced properties. Rates start at 7.4%. The full rate table for the 30-year fully amortizing loan is below.