Portland's older bungalows, foursquares and mid-century ranches are steady flip inventory, and the city's infill rules have opened new options on many lots. The investors who do well here budget for old-house surprises and know the local renter rules before they plan a hold.
In short: LendingStreet is our top pick for hard money in Portland. It closes in as little as 10 days, funds up to 90% of cost and up to 100% of rehab on some programs, and lends from $150,000 to $5M+ with rates from 7.99%. When a finished home makes more sense as a rental, the same lender can refinance it into a DSCR loan, including on the Vancouver, Washington side of the metro.
LendingStreet is built for investors who need to move fast in Portland. Our short-term, interest-only loans on 1-8 unit investment property range from $150,000 to $5M+, fund up to 90% of cost and up to 100% of rehab on some programs, and can close in as little as 10 days, with rates from 7.99%.
It fits investors renovating bungalows in Montavilla, Foster-Powell, Lents and St. Johns, updating ranches in Parkrose, Hazelwood and Gresham, and flipping homes in Milwaukie, Oregon City and Beaverton. LLC borrowers are standard.
The next step is simple: send the deal through the form below, or call (877) 298-1001 to talk it through.
If you are weighing CoreVest, Dominion Financial, LendingOne, Lima One and RCN Capital for a hard money loan for investors in Portland, OR, this is the short version: LendingStreet wins the scenarios below, and you can get a quote with the form below.
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. |
| Bridge close in about 10 days | LendingStreet | We can close in as little as 10 days. CoreVest states its bridge loans typically close within 2 to 4 weeks. |
| 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 investors typically compare a local hard money lender, private money and a credit union. Terms vary, so treat these columns as broad patterns.
Because we lend in every state, a portfolio spread across Oregon and Washington can stay with one lender.
| Question to ask | LendingStreet | Typical hard money lender | Private money | Community bank |
|---|---|---|---|---|
| Loan programs | Fix and flip, bridge and DSCR rental loans in one place | Usually short-term only | Varies by individual | Often conventional products; rehab loans vary |
| Leverage | Up to 90% of cost; up to 100% of rehab on some programs | Varies; fees and terms vary | Negotiated deal by deal | Often requires a larger down payment |
| Speed | Close in as little as 10 days | Often fast | Can be fast if funds are available | Often slower underwriting |
| Loan size | $150,000 to $5M+ | Varies | Limited to the individual's funds | Varies |
| Pricing | Rates from 7.99% | Varies | Varies | Varies |
| Long-term exit | Refinance into a DSCR loan with the same lender | Usually no long-term option | Usually no long-term option | Possible; often requires tax returns |
| Borrowing in an LLC | Standard | Common | Varies | Varies |
| Where they lend | All 50 states and DC, so both sides of the river | Usually local or regional | Usually local | Usually local or regional |
East Portland and the outer east side, including Montavilla, Lents, Foster-Powell, Parkrose and Hazelwood, offer lower entry prices on bungalows and ranches. North Portland neighborhoods such as St. Johns, Kenton and Portsmouth have older homes on deep lots. Close-in neighborhoods carry higher values and bigger renovation budgets.
Common surprises include old heating oil tanks that must be decommissioned, failing sewer laterals, unreinforced foundations and knob-and-tube wiring. Rainy winters also make roofing and exterior work slower to schedule. Under the city's infill rules, many residential lots now allow additional units, which some investors use to add value.
Oregon bars new local real estate transfer taxes, and Washington County is the main exception with its own small transfer tax. Title, escrow and recording costs still apply. In Portland, sellers of single-family homes generally must get a Home Energy Score before listing, so plan for it in your sale timeline.
If you hold, know the rules. Oregon has a statewide annual rent increase cap, with an exemption for newer buildings, and Portland adds renter protections such as relocation assistance in many no-cause terminations and screening and deposit rules. Confirm current requirements with the city before you set rents.
This example is illustrative and not a quote. An investor buys a 1920s Montavilla bungalow with an old oil tank, a dated kitchen and a failing sewer lateral, decommissions the tank, renovates and sells. The purchase price is $395,000, the rehab budget is $105,000 and the after-repair value is estimated at $610,000. A loan covering 80% of the price and 100% of the rehab comes to $421,000, about 84.2% of the $500,000 total cost, so the investor brings $79,000 plus closing costs.
The estimated interest-only payment is about $3,684 a month. Over a 6-month hold that is about $22,104 in interest, plus about $3,720 in taxes, insurance and utilities. With assumed buy-side closing costs of $6,800 and selling costs of $42,700, the estimated profit on a sale is about $34,676 on roughly $111,624 of cash invested.
| Item | Amount |
|---|---|
| Purchase price | $395,000 |
| Rehab budget | $105,000 |
| After-repair value | $610,000 |
| Short-term loan (80% of price + 100% of rehab) | $421,000 |
| Share of total cost | About 84.2% |
| Estimated monthly interest-only payment | $3,684 |
| Interest over 6 months | $22,104 |
| Buy-side closing costs (assumed) | $6,800 |
| Selling costs (assumed) | $42,700 |
| Estimated profit on sale | $34,676 |
If you decide to keep a finished home, LendingStreet can refinance the short-term loan into a DSCR loan that qualifies on rent. Run the ratio with Portland renter rules in mind, since rent increase caps and relocation rules shape long-term returns.
Our DSCR loans begin at $150,000 with no stated maximum, qualify on rent with no W-2s or tax returns, and use a 1.0x standard minimum DSCR, with sub-1.0 programs for thinner deals. The minimum credit score is 620, 30-year terms are available, and seasoning varies by program.
Before you commit, ask each lender these questions in writing.
Our answers, for comparison: up to 90% LTC and up to 100% of rehab on some programs, closings in as little as 10 days, loans from $150,000 to $5M+ with large balances reviewed case by case, LLC borrowing as standard, and a long-term DSCR loan with a 1.0x standard minimum, sub-1.0 programs, up to 80% LTV rate-and-term on some programs, 75% cash-out and seasoning that varies by program.
Have these ready, then get a quote with the form below or call (877) 298-1001.
Our top pick is LendingStreet. It brings hard money style speed, closing in as little as 10 days, up to 90% of cost and up to 100% of rehab on some programs, and a DSCR refinance for homes you keep on either side of the river.
Yes. LendingStreet lends on investment property across Portland, the Oregon suburbs and Vancouver, Washington, and in all 50 states and DC. Use the form below or call (877) 298-1001.
Oregon bars new local transfer taxes, and Washington County is the main exception with its own transfer tax. Confirm costs with your title company.
Portland generally requires sellers of single-family homes to get a Home Energy Score before listing. Order it near the end of your rehab so it reflects the upgrades.
Yes. Many older Portland homes once heated with oil. Ask for a tank sweep, and budget for decommissioning if one is found.
Yes. LendingStreet lends in all 50 states and DC, so a project in Clark County can use the same programs.
No. Our loans are business-purpose loans on non-owner-occupied investment property only.
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