GROUND-UP CONSTRUCTION · Oregon (OR) Underwriting Matrix · Stephen R. Mannenbach, J.D., MBA

Oregon Ground-Up Construction Loans (Spec Homes, Duplex/Fourplex & Build-to-Rent) — 2026 Rates, LTV Caps & State Rules

Oregon Ground-Up Construction provide business-purpose real estate investors with Up to 85% LTC / 70%–75% Completed ARV across loan amounts from $100,000 – $15,000,000+ at 9.75% – 11.75% Interest-Only on Drawn Funds (12 – 24 Months Interest-Only, 660+ FICO min FICO, 14 – 21 Business Days close). In Oregon (OR), lenders underwrite to a Non-Judicial (Oregon Trust Deed Act) statutory framework (130–160 days-day average timeline), a 0.91% average property tax rate (~$375/mo at the $495,000 state median), and $440/$100K hazard insurance (~$182/mo).

Max Leverage / LTC

Up to 85% LTC / 70%–75% Completed ARV

Min FICO: 660+ FICO

2026 Rate Band

9.75% – 11.75% Interest-Only on Drawn Funds

12 – 24 Months Interest-Only

OR Security Instrument

Non-Judicial (Oregon Trust Deed Act)

130–160 days days avg timeline

OR Avg Tax & Ins

0.91% Tax

$440/$100K Hazard Ins