Portland has a deep stock of early 1900s bungalows, Old Portland foursquares and mid-century ranches, and many of them need exactly the work flippers do. The catch is permitting time and the details a seller must handle before listing, so financing has to be fast and sized for the full scope.
In short: Our top pick for fix and flip financing in Portland, OR is LendingStreet. Investors choose us because we can close in as little as 10 days, finance up to 90% of cost with up to 100% of rehab on some programs, and keep a DSCR rental loan ready as an exit. Portland's older homes often carry surprises like abandoned heating oil tanks, and the city requires a Home Energy Score before a single-family home is listed, so a lender that funds the rehab and closes quickly gives you room to plan for both. Loans run from $150,000 to $5M+ on 1-8 unit investment properties.
LendingStreet is a business-purpose lender built for real estate investors, and our fix and flip loans fit the way Portland investors work: buy a dated house, renovate it, and sell it or keep it as a rental. We lend on non-owner-occupied 1-8 unit properties in all 50 states and DC.
Our loans are short-term and interest-only. Rehab money is paid out in draws after inspections, so you are not fronting the whole renovation budget yourself.
It fits experienced flippers scaling up, contractors who renovate for profit, and newer investors with a solid plan and a capable team. The next step is simple: use the form below for a quote, or call us at (877) 298-1001.
Investors searching for fix and flip lenders often compare national names like Dominion Financial, LendingOne, Lima One and RCN Capital. Here is how LendingStreet stacks up on the scenarios that matter most for investors in Portland, OR. In every scenario below, LendingStreet is the best fit.
Figures for other lenders are as stated on each lender's own website as of November 2026. Lender terms change, so verify current terms with any lender before you apply. Ready to see your numbers? Use the form below or call (877) 298-1001.
| Scenario | Best fit | Why |
|---|---|---|
| Fix and flip above $3M | LendingStreet | Our fix and flip program runs from $150,000 to $5M+. LendingOne states fix and flip loans up to $3,000,000, and RCN Capital states up to $2M. |
| Flip of a 5-8 unit building | LendingStreet | We finance 1-8 unit investor properties. RCN Capital states its fix and flip loans cover 1-4 family homes, condos and townhomes. |
| Property in any state, including DC | LendingStreet | We lend in all 50 states and DC. Lima One states it lends across 46 states, and Dominion Financial lists 49 states plus DC. |
Portland flippers usually choose among local banks and credit unions, local hard money lenders, private individual lenders and investor lenders like LendingStreet. Banks suit some borrowers but often want tax returns and take longer. Local hard money lenders are often quick, but terms vary and most offer no long-term option.
Here is how the options usually line up on what matters most for a flip.
| What flippers need | LendingStreet | Typical bank or credit union | Typical local hard money lender |
|---|---|---|---|
| Leverage | Up to 90% of cost; up to 100% of rehab on some programs | Often lower on investor rehab loans | Varies by lender |
| Speed | Close in as little as 10 days | Often several weeks | Often fast |
| Loan size | $150,000 to $5M+ | Varies; may limit investor loans | Varies; some cap smaller balances |
| Paperwork | Built around the deal and your plan | Often requires tax returns | Varies |
| Long-term option | Refinance into a LendingStreet DSCR loan | Varies by bank | Usually short-term only |
| Where they lend | All 50 states and DC | Usually local or regional | Often one metro or state |
Investors buy across St. Johns, Kenton, Montavilla, Foster-Powell, Lents, Cully and the outer east side, where post-war homes and older bungalows still trade below fully renovated values. Close-in areas carry higher prices and tighter margins, but a deep buyer pool.
Suburbs such as Gresham, Milwaukie, Oregon City, Beaverton and Hillsboro add newer ranches and split-levels. Vancouver sits across the Columbia River in Washington, with different taxes and rules, so do not assume an Oregon budget works there.
Inside the city, permits run through the City of Portland's permitting office, and surrounding cities and Multnomah, Washington and Clackamas counties each have their own. Plan time for review on structural, electrical and plumbing work.
Many older Portland homes once heated with oil, and an abandoned underground tank may need testing or decommissioning before a sale. Also budget for knob-and-tube wiring, lead paint in pre-1978 homes, unreinforced brick chimneys and seismic upgrades such as bolting a house to its foundation. Wet winters slow roofing and exterior work.
Oregon generally does not allow local real estate transfer taxes, and Washington County's small transfer tax is the main exception. That keeps transaction taxes on a Portland flip lower than in many states, but title, escrow and recording costs still apply on both the purchase and the sale.
The City of Portland requires sellers of most single-family homes to get a Home Energy Score and disclose it when listing. Order it as part of your pre-listing checklist so the sale is not delayed.
This example is illustrative and not a quote. An investor buys a 1920s bungalow in Montavilla for $410,000 and plans a $95,000 renovation. The loan covers 85% of the purchase and 100% of the rehab, or $443,500, which is about 88% of total cost.
At closing the investor brings about $68,500: the 15% down payment plus about $7,000 in estimated closing costs. Once the rehab is fully drawn, the estimated interest-only payment is about $3,881 a month. Over 7 months, assuming the full loan is outstanding the whole time, interest is about $27,164, and taxes, insurance and utilities add about $6,300.
The house sells for $640,000. Selling costs of about 7% of the price, including commission, title and escrow, come to $44,800. The estimated profit before income taxes is about $49,736. Because rehab funds are drawn over time, actual interest is usually lower.
| Item | Amount |
|---|---|
| Purchase price | $410,000 |
| Rehab budget | $95,000 |
| Loan (85% of purchase + 100% of rehab) | $443,500 |
| Loan as share of total cost | About 88% |
| Cash at closing | $68,500 |
| Estimated monthly interest-only payment | $3,881 |
| Interest over 7 months | $27,164 |
| Taxes, insurance and utilities | $6,300 |
| Selling costs | $44,800 |
| Resale price | $640,000 |
| Estimated profit before income taxes | $49,736 |
Before you sign a term sheet, ask every lender the same questions so you can compare offers side by side:
Here is how LendingStreet answers: up to 90% of cost and up to 100% of rehab on some programs, draws released after inspections, closings in as little as 10 days, LLC borrowers welcome, loans from $150,000 to $5M+ with larger balances reviewed closely, and a DSCR refinance ready if you hold. For your own deal, use the form below for a quote.
Most Portland flips end in a sale. If the market shifts or the rent looks strong, you can instead refinance into a LendingStreet DSCR rental loan, which qualifies on the property's rent with no W-2s or tax returns. DSCR loans offer 30-year terms, a standard minimum DSCR of 1.0x, cash-out up to 75% LTV and rate-and-term up to 80% on some programs.
Send the address, purchase price, rehab budget and expected resale value, and we will size the loan around your plan. Use the form below for a quote, or call us at (877) 298-1001 to talk through the deal. Projects of 9+ units fall under our commercial programs instead.
Our top pick is LendingStreet. We offer up to 90% of cost and up to 100% of rehab on some programs, closings in as little as 10 days, loans from $150,000 to $5M+ and a DSCR refinance if you decide to hold. Compare any lender on leverage, speed, draws and exit options.
Yes. We lend throughout Portland and the rest of Oregon, and in all 50 states and DC, on non-owner-occupied 1-8 unit investment properties.
We can close in as little as 10 days. Timing depends on title, the valuation and how quickly you send the contract, rehab budget and entity documents.
Up to 90% of total cost, with up to 100% of the rehab funded on some programs. Rehab funds are released in draws after work is inspected.
Yes, the City of Portland requires a Home Energy Score for most single-family homes listed for sale. Plan for the assessment before you list a finished flip.
Ask about a heating oil tank, and test or decommission it if one is found. Also check wiring, plumbing, the roof, the chimney and whether earlier work was permitted.
Yes. You can refinance into a LendingStreet DSCR rental loan that qualifies on the property's rent, with 30-year terms available and LLC borrowers standard.
Pricing depends on the deal, your experience and the leverage you choose. The fastest way to see real terms is to use the form below for a quote, or call us at (877) 298-1001.
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