Hard Money Loans for Short-Term Rentals in Oregon

Frequently Asked Questions

What are hard money loans and how do they work for real estate investors?

Hard money loans are short-term loans secured by real estate and evaluated primarily on property value and investment strategy. In Oregon, investors use hard money to purchase, rehab, or refinance properties that wouldn’t qualify for conventional financing. Terms typically range from 6 to 36 months and feature interest-only payments. With minimal documentation and a focus on the asset—not your financial history—hard money offers a reliable, quick-turn solution for real estate professionals who can’t wait on bank approvals.

When should an investor consider using a hard money loan instead of a conventional loan?

Oregon investors often turn to hard money loans when time is limited, documentation is incomplete, or the property isn’t eligible for traditional financing. These loans are ideal for flips, auction purchases, LLC-held assets, or unconventional deals. If you're self-employed or working under a deadline, hard money provides a fast alternative based on the deal’s value. Approval is structured around your investment plan and property potential, giving you access to capital without the hurdles of conventional underwriting.

What makes hard money different from other types of financing?

Hard money financing focuses on the property—not the borrower—making it faster and more flexible than conventional options. In Oregon, this is especially useful when dealing with non-conforming properties, seasonal rentals, or fast-paced acquisitions. Traditional lenders require tax returns, credit reviews, and a lengthy underwriting process. Hard money skips the red tape, offering closings in days instead of weeks. While interest rates are higher, the tradeoff is faster execution and fewer obstacles, which can make all the difference in a hot market.

What are the typical loan terms for a hard money loan?

Hard money loans in Oregon usually run between 6 and 36 months with interest-only payments. LTVs often reach up to 85% for purchases and 80% for refinances. Lenders may charge origination fees and require reserves depending on the deal’s complexity. These loans are ideal for short-term strategies like fix-and-flips, transitional rentals, or bridge financing. With minimal documentation and fast closings—typically within 3 to 10 business days—hard money helps Oregon investors execute projects quickly and confidently.

How quickly can a hard money lender close a deal?

Hard money lenders in Oregon can often close deals in just 3 to 10 business days. That speed is critical when bidding at auction, working with distressed sellers, or securing a seasonal rental before peak demand. Because approval focuses on property value and exit strategy—not tax returns or credit scores—there’s less friction. Oregon investors use hard money loans to gain a competitive edge by moving faster than traditional lenders ever could. It’s an ideal solution for action-oriented professionals.

Can I get a hard money loan in Oregon with poor credit or no income documentation?

Yes. In Oregon, real estate investors can qualify for hard money loans even with poor credit or no documented income. These asset-based loans rely on the property and your business plan—not your financial profile. Oregon enforces interest rate limits and lending rules, but most business-purpose loans are exempt from consumer regulations. To ensure a smooth, legal transaction, work with a licensed and transparent lender who clearly discloses fees and operates within Oregon’s regulatory framework.

Explore hard money loans and other Airbnb loans in neighboring states like Washington and California to scale your reach beyond Oregon.