Northwest Private Lending review

Based on each lender's published information; we did not apply for loans.

Northwest Private Lending (NWPL) describes itself as a family office private lender in Oregon, Washington and Idaho, and every borrower gets the same pricing. It is based in Lake Oswego, OR. Its lending is equity-based: the amount you qualify for depends on the property and your plan, not your credit score or tax returns. Decisions are made in-house by the people who fund the loan, with no loan committee. Everything below is from NWPL's own FAQ and program pages.

Northwest Private Lending rates and fees

From each company's own website, read October 29, 2026. "Not stated" means the company does not publish it on the pages linked. Terms change; confirm with the lender. Not financial advice.

For context, NWPL says origination across the industry often runs 2% to 6%; it charges 3. Published points at national lenders range from 0 at Easy Street Capital's low end to 3.0% at Sherman Bridge; see hard money loan rates.

What a loan costs, start to finish

Because the price is the same for everyone, you can work out NWPL's charges exactly. Its own example: a $100,000 non-owner-occupied loan carries $3,650 in NWPL fees at closing and $1,000 a month in interest. The table extends that to other loan sizes, assuming the loan is repaid after 6 or 12 months with no prepayment penalty.

Computed from NWPL's published pricing: the greater of 3% or $2,500, plus the $650 non-owner-occupied document fee, plus 1% of the loan per month. Third-party title, escrow and recording costs are not included. Below about $83,333 the $2,500 minimum applies, which is why small loans cost more as a percentage.

How NWPL sizes a loan

There is no rate sheet by credit score, because pricing does not change. What changes is how much it will lend. Asset based lenders like NWPL set the maximum based on location, property type, condition, your plan and the type of deal; on flips the published cap is 80% of the purchase price. Instead of an appraisal, it reviews the property's location, condition and marketability and as-is value, then your exit: a sale, a refinance or another way to repay. So condition and location can lower the amount, and a clear exit plan matters from the first call.

Loan programs

Its site also lists bridge, acquisition, cash-out refinance, 1031 and reverse 1031 and ITIN loans. Funding stays in the same $50,000 to $2 million range (its loan amount FAQ).

Terms, extensions and payoff

Business-purpose loans are generally written for 2 years, and owner-occupied loans (Oregon and Idaho only) generally for 5 years. If the loan is in good standing at maturity and you need more time, NWPL extends it for free. You can pay off at any time, with no prepayment penalty and no minimum-interest charge, so a quick sale cuts your cost. Payments are interest only: at 1% a month, a $300,000 loan has a $3,000 monthly payment.

Where it lends, and owner-occupied loans

National lenders on this site that list each state: Oregon 6, Washington 10, Idaho 7, including Kiavi in all three. Compare them on hard money lenders in Oregon.

Closing speed

Non-owner-occupied loans typically close in 3 to 5 business days, owner-occupied in 7 to 10, and approvals are often same-day. Skipping the third-party appraisal is part of how: NWPL evaluates the collateral itself.

Worked example: a $300,000 flip

Buy for $300,000 with a $60,000 rehab. NWPL lends 80% of the purchase, $240,000. You bring the other $60,000 plus the full $60,000 rehab, plus $7,850 in NWPL fees (3 points on $240,000 and the $650 document fee): $127,850 before title and escrow. Six months of interest is $14,400 ($2,400 a month).

That is far more cash than a lender that funds 100% of rehab would need, but NWPL asks for no minimum credit score, no experience and no appraisal, and lets you keep the loan up to 2 years. Model your own deal in the hard money loan calculator.

Worked example: buy, rehab, rent, refinance

NWPL's rehab and refinance loan is built for the BRRRR approach. Buy for $250,000: NWPL lends 80%, $200,000, and you put in $50,000 plus a $40,000 rehab, $90,000 in all. If the finished, rented property appraises at $360,000, a DSCR cash-out refinance at 75% (LendingOne's published cap) is $270,000. That repays NWPL's $200,000 and returns $70,000 of your $90,000. Timing matters: some DSCR lenders size an early refinance on cost, not the new value; Upright says files inside six months of purchase are sized off the lower of your cost basis or the appraised value.

Costs along the way: $6,650 in NWPL fees at closing and $8,000 of interest if the refinance closes after four months, plus the refinance's own costs. With no prepayment penalty, every month you save on the timeline saves $2,000. DSCR lenders' refinance rules are on DSCR cash-out refinance.

The cost of keeping the loan for two years

A 2-year term and free extensions take pressure off a slow project, but 1% a month adds up. Held for the full 24 months, a $250,000 loan costs $68,150 in NWPL charges: $8,150 at closing plus $60,000 of interest, or 27.3% of the loan. That is the trade for its speed and simple approval: plan to sell or refinance as soon as the work is done.

Northwest Private Lending vs a national lender

Pros and cons

Verdict: who it fits

Northwest Private Lending fits Oregon, Washington and Idaho investors who value speed, certainty and simple pricing over the lowest rate: buyers competing with cash offers, borrowers with thin credit or hard-to-document income, and anyone who wants a loan without a prepayment penalty. In Oregon and Idaho it is one of the few lenders here that will lend on a home you live in. It is a weaker fit if you want the rehab financed or need ground-up construction, and the 12% annual rate costs more than national lenders' starting rates if you hold the loan for long.

Questions to ask before you sign

• What maximum loan-to-value applies to your property and plan?
• For in-process construction, will the loan fund in full at closing or in two halves?
• What will title, escrow and recording cost on your loan?
• If you live in the property in Oregon or Idaho, what disclosures and timeline apply?
• For a 1031 or reverse 1031 exchange, can closing fit inside your exchange deadlines?
• Can the loan be paid down in part along the way to cut interest?

Compare its pricing with the starting rates and points other lenders publish on hard money loan rates, and with the other local and national lenders on hard money lenders in Oregon.

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