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Private Lending in Oregon

Residential investment financing across Oregon’s major metropolitan areas. Bridge, DSCR, fix & flip, new construction, and build-to-rent programs.

Market Overview

Investing in Oregon

Oregon’s housing market is defined by scarcity engineered into state law: urban growth boundaries around every city cap the supply of buildable land, which keeps entitled lots valuable and finished inventory absorbing even through slower cycles. The Portland metro anchors the state with semiconductor employment (Intel’s Hillsboro campuses are its largest site anywhere), healthcare, and athletic-apparel headquarters. Bend has been one of the fastest-growing small metros in the West for a decade, and Salem and Eugene provide steady government- and university-anchored demand.

The regulatory framework rewards new product. Oregon’s statewide rent cap exempts buildings less than 15 years old, so new construction and build-to-rent operate at full market economics, and HB 2001 opened most single-family lots in larger cities to duplex-through-fourplex infill. Effective property tax runs roughly 0.86% with capped assessed growth, and there is no sales tax on construction materials.

Lending Areas

Oregon Markets We Serve

We lend across Oregon’s major metropolitan areas. If your project is in or near one of these markets, we want to hear about it.

Portland Hillsboro Salem Eugene Bend Medford
Loan Programs

Available in Oregon

Every loan program we offer is available to qualified borrowers and properties in Oregon.

Bridge Loans

Short-term capital for acquisitions, dispositions, or refinances. Close in as little as one week.

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DSCR Rental Loans

30-year fixed financing based on property cash flow. Ideal for scaling or holding a rental portfolio.

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Fix & Flip Loans

Acquisition and renovation capital for value-add residential projects.

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New Construction Loans

Capital for home builders to leverage their lot position and break ground on new residential projects.

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Build to Rent Loans

Financing for purpose-built rental communities and single-family rental developments.

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Key Data

Market Snapshot

Median Home Price
$495,000
Property Tax Rate
0.86%
Population Growth
0.2% annually
Annual Permits
~15,000 (2025)
Landlord Friendly
Mixed
Top Yield Market
Salem / Eugene
Strategies

What Works in Oregon Right Now

Middle-Housing Infill in Portland

HB 2001 opened most Portland single-family lots to duplexes, triplexes, and fourplexes. The play: acquire a tired SFR on a well-located lot, redevelop to 2–4 units, and hold the new product free of the state rent cap for 15 years. Construction financing covers the redevelopment; a DSCR refinance at stabilization recovers capital for the next site.

Bend New Construction

Bend combines a decade of in-migration with the tightest land constraint in the state; the urban growth boundary keeps finished lots scarce and new homes absorbing at $700K+ medians. Spec builders with lot positions can move quickly with bridge financing on acquisition and ground-up construction takeout for the vertical build.

Salem & Eugene Yield Rentals

State government in Salem and the University of Oregon in Eugene anchor two of the steadiest rental bases in the Northwest. SFR acquisitions at $400K–$475K supporting $2,100–$2,500/month deliver 5.5–6% caps, materially better than Portland. DSCR loans on stabilized singles or small portfolios pencil cleanly at our 1.00 minimum coverage.

Questions

Frequently Asked Questions

Is Oregon landlord-friendly for rental investors?
Oregon has a statewide rent cap (annual increases limited to the lesser of 10% or 7% plus CPI) with just-cause eviction rules after the first year. The exemption that matters for investors: properties with a certificate of occupancy less than 15 years old are exempt from the cap entirely, which keeps new construction and build-to-rent economics fully intact. Nonpayment evictions run on short statutory notice with FED court proceedings typically resolving in 4 to 6 weeks.
What are Oregon's property and income tax rates?
Effective property tax averages roughly 0.86% statewide, and Measures 5 and 50 cap assessed-value growth at 3% per year, so carrying costs stay predictable on long holds. Income tax is high (top bracket 9.9%), but Oregon has no sales tax, which trims material costs on construction budgets relative to neighboring states.
What's driving Oregon's construction market?
Urban growth boundaries constrain buildable land around every Oregon city, keeping entitled lots scarce and finished inventory absorbing. HB 2001 re-legalized middle housing (duplexes through fourplexes) on most single-family lots in larger cities, opening small-multifamily infill. The westside chip corridor anchored by Intel's Hillsboro campuses and Bend's sustained in-migration drive the strongest demand.
What kinds of rental yields are achievable in Oregon?
Portland SFRs on $550K–$625K basis typically rent $2,400–$2,900/month, roughly 4.5–5% caps. Salem and Eugene deliver better yield, 5.5–6%, on $400K–$475K basis with state-government and university employment anchoring demand. Bend commands premium rents at premium prices, with returns driven more by new-build margin and appreciation than in-place yield.
Other Markets

Also Lending In

Washington California Idaho Montana Wyoming

Start Your Oregon Investment

Our team has deep experience financing residential projects across Oregon. Reach out to discuss your next deal.

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