Roopinderjit S Bath

HILLSBORO Oregon Hard Money Lender


About Me

CEO: Private Money Lender | Real Estate Investment Funding | Fix & Flip Loans | Private Equity & JV
 
Pacific Northwest Financial Service is a one stop shop for non-owner occupied investment property loans and Private Equity funding in the United States. Borrowers can have access to over 3,000 loan programs to find the best loan terms to fit a need. Review and preliminary loan term quotes are always free. No junk fees. See your options.
 
• Commercial Loans, Trust Deed Investing, Residential Investment Real Estate Loans
• Developer of strategic partnerships and income generation options
• Real Estate Private Money Lender / Residential & Commercial Real Estate / Business Loans / and Private Equity
• Wealth Management Options for investing for a higher rate of return on retirement funds & savings
• Real estate private money loans for investors when fix & flip funding requires hard money options
• We strive to provide funding solutions for real estate investors at every level of experience
 
In an effort to fund your deal more quickly and help strengthen the quality of your deal, we have listed below a series of highly productive and frequently asked questions that our lenders may ask of our funding department as they market your loan for funding.  Please respond to all of the questions below that are applicable to your loan.  By answering these questions, we hope to expedite the funding of your loan: 
  
1.    Why are you buying this property? 
2.    How much do you plan to make on this project? 
3.    How many projects have you completed this year? 
4.    How much did you make on your last deal? 
5.    What do you know about the local market to help a lender from across the country fund this loan? 
6.    What do you do for a living? 
7.    Do you have other forms of income other than real estate? 
 
 
Pre-Qualifying & Basic Loan Process 
1.     What State were you looking to invest in? 
2.    Are you doing commercial or residential investments?
 
Residential 
1. We loan up to 80% of the purchase price as long as it does not exceed 65% of the As-Is Appraisal Value 
2. We are a short-term lender anywhere from 6 to 24 months in term 
3. We run our own appraisals (which is paid for by the client prior to closing) 
4. We only do business to business lending (LLC or Corporation)(If you do not currently have this setup, it must be done prior to closing) 
5. We have no pre-payment penalty fees 
6. We can provide proof of funds, if needed to acquire the property 
7. We don’t lend to primary residence (Owner-Occupied) 
8. The other 20% + closing costs can be made up with hard cash, a line of credit, another lender/partner willing to take 2nd position, if you own a property free & clear (can use as collateral), or we may be willing to do a seller carry-back at 65% of LTV 
9. We don’t run credit checks 
 
Must have property under contract to complete loan process!!
***We like our borrowers to have a good exit strategy & has the ability to service the loan while it is active (2 months bank statements)*** 
  
Commercial 
1. We loan up to 55% of the purchase price 
2. We are a short-term lender anywhere from 6 to 24 months in term 
3. We run our own appraisals (which is paid for by the client prior to closing) 
4. We only do business to business lending (LLC or Corporation) (If you do not currently have this setup, it must be done prior to closing) 
5. We have no pre-payment penalty fees 
6. We can provide proof of funds, if needed to acquire the property 
7. We don’t lend to primary residence (Owner-Occupied) 
8. The other 45% + closing costs can be made up with hard cash, a line of credit, another lender/partner willing to take 2nd position, if you own a property free & clear (can use as collateral), or we may be willing to do a seller carry-back at 45% of LTV 
9. We don’t run credit checks
 
Must have property under contract to complete loan process!!
 
***We like our borrowers to have a good exit strategy & has the ability to service the loan while it is active (2 months bank statements)*** 
  
New Construction & Raw land funding: 
  
We can only fund new construction & raw land funding, if you have free & clear assets available that have enough value to cover 120 – 150% of the construction bid/cost.  This will be placed in escrow with a scheduled draw until the job is complete. 
  
Rehab funding: 
  
We will provide up to 65% of the ltv on rehab funding, if the borrower has free & clear assets available to cross collateralize the deal. 
  
Refinances: 
  
We can provide up to 50% of the current as is market value and provide cash-out financing based on the value of your free & clear property!! 
  
We can fund up to 65% of the current as is market value and provide rehab financing based on the value of your free & clear property!! 
  
No seasoning requirements for all refinances! 
  
International funding unavailable: 
  
We do not lend outside of the U.S. – If you have U.S. based entity and opportunity is within the U.S., we will consider working with you.
 
We can fund private money and hard money loans to qualified real estate investors in all 50 states. Our team of experts know how to solve borrowers funding puzzles. To see how - please contact pacnw.reii@hotmail.com for fast free answers.
 

What is Hard Money?

A hard money loan is a collateral based loan against a hard asset - typically real estate - and is often referred to as private mortgage or private mortgage note. Unlike typical mortgage loans, hard money loans are provided by private sources (individuals and small lenders rather than large government or Wall Street backed sources). Hard money loans are often used if a person is having a difficult time getting approved for a conventional loan. The approval process for a hard money loan is usually much more streamlined than with a conventional loan because hard money lenders don't have to follow strict institutional lending guidelines, and because they look mainly to the collateral as security for repayment rather than the borrower alone.

Hard money loans can be used for both commercial and residential properties and, since private lenders use their own money, they are able to create their own flexible lending terms that will meet both their and the borrower's needs. Another advantage of hard money loans is that they are typically closed very quickly and with little documentation. Of course, since these loans are usually “outside of the box” and higher risk, the interest rates for hard money loans are usually higher then with a conventional loan.

If you are having difficulty obtaining conventional financing, or simply need a loan closed fast with creative and flexible terms, consider hard money.

Will my deal qualify for Hard Money?

Although here are many different types of hard money lending programs, the following can be used as general guidelines for determining whether your deal would be appropriate for a hard money lender. Even if your deal doesn't match exactly to these guidelines, feel free to apply anyway. My hard money team will let you know if your deal makes sense for one of our many hard money lenders:

  • Loans are usually up to 65% Loan-to-value (LTV) based off the After-Repaired-Value (ARV);
  • 100% of acquisition/construction can be financed no problem;
  • Both residential and commercial properties are OK;
  • Low credit scores? No income? That's OK too;
  • We welcome foreclosure/bank REO properties;
  • Interest only and "no payment" options are available;
  • All loans must be for business or investment purposes (sorry, no primary residences at this time);
  • We can handle cash-out refinances of land or existing structures;

If you have any questions about your deal or hard money in general, please feel free to contact me, or you may simply complete the application below and either me or my underwriting team will contact you.

For immediate consideration, please fill out the loan inquiry below.

 

Name: Roopinderjit S Bath

Office phone: 971-259-4300

Cell Phone: 971-259-4300

Email: pacnw.reii@hotmail.com

Address: 19036 NW SNOQUALMIE ST,

City: HILLSBORO

State: Oregon

ZIP: 97124