Oregon flips often start in an older house with a wet crawlspace and a few surprises in the yard. The right lender gives you enough leverage for a real rehab budget and room on the timeline.
In short: The best fix and flip lender in Oregon is the one with the lowest total cost on your project, enough leverage on purchase and rehab, reliable draw funding and extension terms that match local permit timing. LendingStreet finances investment property in Oregon, with rates from 9.99% for qualified borrowers, up to 90% of the purchase price and up to 100% of the rehab budget paid in draws. Because Portland-area prices are higher, compare offers in total dollars over a timeline that includes the rainy season.
Oregon investors use local private lenders, regional banks and national short-term programs such as Kiavi, CoreVest and Lima One, along with LendingStreet. Each sets its own rules on leverage, draws, ARV limits and experience.
A Portland bungalow with a full remodel, a Salem cosmetic refresh and a Bend project in a newer subdivision can each fit a different lender. Quote the actual property.
LendingStreet fix and flip loans run from $150,000 to $5M+, with terms typically 12 to 18 months and rates from 9.99% for qualified borrowers. A complete file can close in as little as 10 days.
We finance up to 90% of the purchase price and up to 100% of the approved rehab budget, released in draws after each phase is completed and inspected. Experience improves pricing and leverage, and first-time flippers can qualify on some programs, often at lower leverage. Our financing team reviews the deal and comes back with 2 to 3 options.
Portland has a deep stock of early 1900s bungalows, Craftsman homes and foursquares, especially on the east side. Many have original systems, basements or crawlspaces and dated layouts. Salem, the capital, and Eugene, home to the University of Oregon, offer older homes at lower prices than Portland.
Bend, in the high desert east of the Cascades, has grown quickly and has a drier climate with cold winters. Medford and the Rogue Valley in southern Oregon have hot summers and wildfire exposure, which can affect insurance. Oregon also uses urban growth boundaries around its cities, which shapes where new homes can be built and keeps attention on existing housing.
Western Oregon's wet winters and older housing stock create a predictable list. Price these before you set your offer.
Permit review in Portland can take time for structural, layout or addition work, and each city in the metro has its own building department. Salem, Eugene and Bend set their own processes. Check current timing for your exact scope before you commit to a schedule.
Exterior painting, roofing and siding are easier in the drier summer months west of the Cascades. In Bend, winter snow can slow exterior work. Ask each lender how extensions work in case the timeline slips.
This example is illustrative and not a quote. An investor buys a Portland bungalow for $460,000. The rehab budget is $120,000, including $8,000 set aside to test and decommission an old heating oil tank. The expected after-repair value is $735,000. The loan covers 85% of purchase ($391,000) plus 100% of rehab ($120,000), or $511,000, about 70% of ARV. The investor brings $69,000 down.
At a sample rate of 10.2% on the full balance, interest is $4,343.50 a month, or $34,748 over eight months. The home sells for $735,000, leaving an estimated profit of $52,252. Cash invested, including the down payment, closing costs, interest and holding costs, is $127,648.
| Item | Amount |
|---|---|
| Sale price | $735,000 |
| Purchase price | -$460,000 |
| Rehab, including oil tank work | -$120,000 |
| Sample closing costs | -$13,900 |
| Interest, 8 months | -$34,748 |
| Taxes, insurance, utilities ($1,250 x 8) | -$10,000 |
| Selling costs (6%) | -$44,100 |
| Estimated profit | $52,252 |
Send the address, contract, a line-item scope with bids, comparable sales, bank statements for down payment and reserves, LLC documents and your project history. Include any oil tank scan, sewer scope or crawlspace report you have.
Those reports let us build the right rehab budget from the start, which keeps draws moving and avoids mid-project budget changes.
Yes. LendingStreet finances investment property in Oregon, including Portland, Salem, Eugene, Bend and Medford. Loans are business-purpose on non-owner-occupied property, from $150,000 to $5M+.
Yes, if it is part of the approved scope. Get a quote from a qualified contractor and include it in your budget.
It depends on the project. Kiavi, CoreVest, Lima One and LendingStreet all finance flips in Oregon. Compare total cost, leverage, draw speed and extension terms on the same property.
With up to 90% of purchase financed, you bring at least 10% of the price plus closing costs and reserves. At Portland prices that is a meaningful amount, and newer investors often see lower leverage.
Yes. We review deals across Oregon, including Central Oregon, as long as the property is a non-owner-occupied investment and the loan is at least $150,000.
Yes. A DSCR loan can pay off the short-term loan once the property is renovated and rented.
2-3 competing quotes from 30+ capital sources. No credit pull. No commitment.
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