Construction Loans in Portland, OR
Find lenders offering construction loans in the Portland, including Beaverton, Hillsboro, Lake Oswego, and surrounding areas. Compare rates, terms, and programs from 13 lenders.
Construction Lenders Serving Portland
13 lenders offering construction loans in the Portland, OR area.
Bank of America
Charlotte, NC
One of the largest US banks. Commercial real estate lending, construction financing, and SBA loans through nationwide branch network.
Broadmark Realty Capital
Seattle, WA
Private real estate lender offering bridge, construction, and land loans. Now part of Ready Capital. Loans from $500K to $25M+.
CoreVest Finance
Irvine, CA
Rental portfolio and bridge lender for residential real estate investors. Build-to-rent and portfolio financing specialist. Redwood Trust subsidiary.
JPMorgan Chase
New York, NY
Major CMBS originator and commercial lender. Full range of CRE financing including conduit, agency, and balance sheet.
KeyBank Real Estate Capital
Cleveland, OH
Major bank CRE lender. Balance sheet, agency, and CMBS lending for multifamily, office, retail, and industrial properties.
Lima One Capital
Greenville, SC
Private lender for real estate investors. DSCR loans require 1.5+ ratio, min FICO 700. 5, 10, and 30-year options. Up to 75% LTV on purchases.
Merchants Capital
Indianapolis, IN
Bank-backed commercial lender active in 47 states. Over $6.8B in financing. Specializes in multifamily, affordable housing, and healthcare.
New Silver Lending
FL
Direct lender for real estate investors. DSCR loans with no minimum DSCR requirement. Also offers fix-and-flip, bridge, and construction loans.
PNC Real Estate
Pittsburgh, PA
Top-10 US bank with dedicated commercial real estate lending. Construction, bridge, and permanent financing for major property types.
Stbridge Capital
Los Angeles, CA
Private money lender in California. Bridge, fix-and-flip, and ground-up construction loans. Fast closings for experienced investors.
US Bank
Minneapolis, MN
Fifth-largest US bank. CRE lending including construction, permanent, and SBA loans. Strong in multifamily and affordable housing.
Vaster
Miami, FL
Commercial bridge loan lender for CRE investors. Flexible short-term financing for acquisition, rehab, and construction.
Wells Fargo
San Francisco, CA
Top commercial real estate lender. CMBS, balance sheet, agency, and SBA lending across all property types.
Portland Commercial Real Estate Market
Portland's commercial real estate market is defined by the Silicon Forest tech corridor stretching west through Beaverton and Hillsboro, where Intel's Ronler Acres campus and multiple semiconductor suppliers generate substantial office and industrial demand. The Pearl District and Central Eastside Industrial District represent contrasting but thriving submarkets — the Pearl for creative office and retail, and the Central Eastside for flex-industrial and maker spaces that have attracted breweries, food manufacturers, and tech startups. The city's urban growth boundary constrains land supply, keeping development densities higher than comparable West Coast markets. Portland has faced elevated office vacancy rates downtown since the pandemic, but industrial and life sciences sectors remain strong performers.
Key Economic Drivers
- ●Intel's Hillsboro campus and the broader Silicon Forest semiconductor supply chain
- ●Nike, Adidas North America, and Columbia Sportswear headquarters driving office demand in the metro's west side
- ●Port of Portland and PDX International Airport supporting logistics and distribution facilities
- ●Central Eastside Industrial District's concentration of craft manufacturing, food production, and tech firms
Market Insight
Oregon has no sales tax, which gives Portland retailers a competitive edge over neighboring Washington markets, but the city levies a Business License Tax and Multnomah County's Preschool for All surcharge adds a 1.5-2.3% income tax on high earners — factors that affect tenant recruitment for office properties.
Construction Loans in Portland, Oregon
Commercial construction loans fund new development or major rehabilitation projects. Funds are disbursed in stages as construction progresses. Most are short-term (12-36 months) and convert to permanent financing upon completion. In the Portland metro area, borrowers can access 13 lenders offering Construction financing, including Beaverton, Hillsboro, Lake Oswego, and surrounding areas. Loan amounts typically range from $500K to $100M with rates from 7% - 10%.
Who Should Consider Construction Loans?
- Ground-up development
- Major renovations
- Land + construction
- Build-to-suit projects
Key Requirements
- Detailed construction plans and budget
- Licensed general contractor
- Building permits
- Development experience (strongly preferred)
- 20-35% equity
Advantages
- ✓Interest only on drawn funds
- ✓Funds disbursed as needed
- ✓Can include land acquisition
- ✓Construction-to-permanent options available
Considerations
- •Requires detailed plans and budgets
- •Draw schedule inspections
- •Higher rates during construction
- •Completion risk on borrower
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