Best Hard Money Lenders in Oregon
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Oregon's hard money market is centered on Eugene and Portland in the Willamette Valley, with strong construction lending for infill and accessory dwellings. Oregon's non-judicial foreclosure (~150 days) plus trustee sale framework keeps collateral recovery reliable, and Oregon Mortgage Lender licensing is straightforward. Rates typically run 10–13.5% across Lane and Multnomah counties.
Hard Money Lenders by City in Oregon
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Oregon Hard Money Lending Laws
Key regulatory factors that affect hard money lending in Oregon — from usury limits to foreclosure timelines.
Usury Laws
Oregon's general usury limit under ORS 82.010 is fixed at 9% per year (or 5% above the Federal Reserve Federal Funds rate, whichever is higher, for non-corporate borrowers). However, ORS 82.025 and related statutes exempt commercial loans to business entities from the rate cap when the loan proceeds are used primarily for business purposes and is secured by commercial property. Hard money loans to Oregon LLCs on non-owner-occupied investment properties are uncapped, allowing rates in the 10–14% range for Eugene and Portland investment lending.
Lender Licensing
The Oregon Division of Financial Regulation (DFR) requires licensing for mortgage lenders and brokers under ORS 86A.183 et seq. (Oregon Mortgage Lender Law). Hard money lenders making residential mortgage loans in Oregon typically need a Mortgage Lender License from DFR. Commercial lenders making loans to investor entities (non-owner-occupied, 5+ unit residential, mixed-use, commercial) on non-owner-occupied property typically qualify for Oregon's commercial lending exempt status but should verify current DFR requirements.
Foreclosure Process
Oregon uses non-judicial foreclosure in most cases under ORS 86.735 et seq. (Oregon Trust Deed Act), which is much faster and cleaner than the judicial foreclosure process used in many neighboring states. The trustee publishes notice and conducts the sale at the courthouse. The full process typically runs 150 days from notice to sale. Oregon does not have a statutory right of redemption after a non-judicial trustee sale — clear title transfers at the auction.
Borrower Protections
Oregon's non-judicial foreclosure process provides fewer procedural protections than judicial states but is faster and cheaper for lenders — making Oregon a relatively lender-friendly western state. Trustee fee foreclosure under ORS 86.735 includes clear notice and publishing requirements protecting borrowers. Oregon does not provide a statutory right of redemption after a non-judicial foreclosure sale — a meaningful advantage for hard money lenders over California and Washington. Deficiency judgments are permitted but require a separate judicial action.
Frequently Asked Questions — Hard Money Lending in Oregon
Oregon hard money rates typically range from 10% to 13.5%. Eugene rates run 10–12.5% for experienced borrowers and 11.5–13.5% for first-time investors. Portland has slightly lower rates (9.5–12%) due to lender competition and higher property values. Origination fees range 2–3 points. Oregon's cleaner non-judicial foreclosure (~150 days with no redemption period) supports rates 50–100 bps lower than California's judicial foreclosure environment. Most lenders are comfortable with 70–80% LTV on ARV for experienced Eugene investors.
Oregon's non-judicial foreclosure under ORS 86.735 et seq. takes approximately 150 days from notice to sale. California's judicial foreclosure timeline runs 90–180+ days (often longer). Oregon has no statutory right of redemption, while many other northeast states have 6-to-12 month redemption periods. Oregon's clearer collateral-recovery environment translates into lower lender risk pricing — Oregon rates generally run 10–13.5% vs California's 10.5–14.5%. Eugene's smaller market does not penalize rates as much as California's higher property values might suggest.
Top Eugene neighborhoods for fix-and-flip in 2026: Whiteaker (arts district, $290K–$430K entry, $420K–$580K ARVs), Friendly Street / University area (UO-adjacent, $310K–$450K entry, $430K–$590K ARVs), Jefferson / South Eugene (mid-range family demand, $350K–$490K entry, $470K–$620K ARVs), West Eugene (more accessible entry, $260K–$380K entry, $370K–$510K ARVs), Cottage Grove and Creswell (15–25 min from downtown Eugene, $250K–$370K entry, $330K–$470K ARVs). University of Oregon employment drives rental demand.
Yes — Eugene and Willamette Valley lenders support ground-up construction loans for infill and accessory dwelling units (ADUs), particularly in neighborhoods where Portland-migration pressure is driving demand. New construction loans typically run 11–13.5% prime + interest with progress draws tied to construction milestones. ADU construction loans are popular with Portland-area investors expanding southward into Lane County where land cost ratios make ADUs economically attractive.
Fix-and-flip in Whiteaker and Friendly Street is the dominant hard money product in Eugene. Ground-up infill construction is active in Eugene's older suburban streets where demolish-and-rebuild makes economic sense. ADU construction loans are growing as Portland-city ADU planning boosts Eugene as a satellite opportunity. Bridge loans for house-flippers transition into DSCR are common for experienced investors. Buy-and-hold bridge loans for rental acquisitions near UO are a smaller but growing product.