Civic Financial Services for Oregon investors
Civic Financial Services (now part of PacWest Bank) is a long-standing national non-QM lender with full product suite. 75% LTV on cash-out refinance.
Oregon context
Oregon SB 608 statewide rent control. DSCR economics challenged.
How Civic Financial Services positions in Oregon
For Oregon specifically, Civic Financial Services fits investors who match the hard money approach. The low cash flow profile of Oregon aggregate makes it workable for Civic Financial Services.
City-level coverage in Oregon
Civic Financial Services provides DSCR coverage across Oregon metros including Portland, Eugene, and Salem. Within each metro, submarket variation drives deal-specific underwriting more than lender selection. Civic Financial Services program terms apply uniformly across Oregon metros; the specific deal characteristics determine final pricing.
Terms and pricing
| Loan type | DSCR non-QM institutional |
|---|---|
| Products | fix-and-flip, BRRRR, rental, bridge |
| Loan size | $75K - $2.0M |
| Rates | 9.5%-12% |
| Points | 1 - 3 |
| Max LTV | 80% of ARV |
| Term lengths | 12-24 months (hard money) / 30-year (rental) |
| Typical close time | 10-21 days typical |
| Oregon property tax | 1% |
| Oregon state income tax | 9.9% |
Civic Financial Services strengths in Oregon
- broad product suite
- experienced team
- national reach
Ideal borrower: Mid-to-experienced investor with consistent deal flow
FAQ
Yes, operates nationally including Oregon. Civic Financial Services is based in Redondo Beach, CA and operates nationally.
Portland is the top investor market in Oregon and falls within Civic Financial Services national coverage. Portland property tax follows the Oregon state rate of 1 percent. Civic Financial Services typically underwrites Portland acquisitions at standard rate sheets.
Yes. Eugene ranks among the larger Oregon investor metros and sees consistent DSCR loan volume from Civic Financial Services. Submarket variation within Eugene matters for property selection.
Civic Financial Services applies the same rate sheet across Oregon metros. Pricing variation comes from property-specific factors rather than metro location within the same state. Portland, Eugene, and Salem all qualify for the same Civic Financial Services program.
Civic Financial Services indicative DSCR rate range is 9.5 to 12 percent with 1 to 3 points.
Oregon SB 608 statewide rent control. DSCR economics challenged. Civic Financial Services follows standard business-purpose loan structures.
Civic Financial Services funds fix-and-flip, BRRRR, rental, bridge in Oregon.
Oregon allows standard DSCR prepay structures; Civic Financial Services typically uses 3-5 year step down.
Civic Financial Services typical close: 10-21 days typical.
Bottom line
Civic Financial Services in Oregon works for the right borrower-deal combination. Match the lender to your deal characteristics.
Independent directory listing. DSCR Loan Program is not affiliated with Civic Financial Services.