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Predevelopment Loan

With loan amounts up to $500,000 and terms up to 36 months, Prosper Portland’s Predevelopment loans are designed to help small businesses and developers cover early-stage costs that move a project from concept to reality.

Contact: lending@prosperportland.us

Lay the Groundwork for a Successful Project

Big ideas start with smart planning. With loan amounts up to $500,000 and terms up to 36 months, Prosper Portland’s Predevelopment loans are designed to help small businesses and developers cover early-stage costs that move a project from concept to reality.

From architectural and engineering fees to permitting, environmental reviews, and feasibility studies, this flexible financing supports the critical work that comes before construction begins. While developer fees aren’t eligible, this loan provides essential early-stage support to help you move forward with clarity and confidence.

FAQs

Start by reaching out to our lending team. We’ll help assess which loan product is the best fit and walk you through the next steps.

Timelines vary depending on the complexity of the project and how quickly we receive complete documentation. We aim to move efficiently while conducting thorough due diligence.

Our interest rates are typically higher than those of conventional lenders. Rates are determined based on the risk rating of the guarantors and the business, which includes a number of factors.

Yes. Our loans can often complement bank financing, equity investment, or grants to help round out your project’s capital stack.

Yes. All projects financed through Prosper Portland must be located within Portland city limits.

Prosper Portland is a mission-driven lender that offers flexible financing for multi-family, commercial, and industrial projects that may not fully qualify for traditional financing. As a gap lender, we offer a variety of loan products tailored to support small businesses and developers working to revitalize neighborhoods and strengthen local economies. As a public agency rather than a financial institution, we can customize loan terms to meet community needs while upholding responsible stewardship of public funds.

Yes, you may pay online at prosperportland.us/pay.

Work with us

The Lending Team at Prosper Portland has extensive experience in banking, lending, and related financial services and they are prepared to answer questions and ensure you have the information necessary to make informed decisions. If you are interested in applying for a loan or would like assistance understanding our offerings, please email us at lending@prosperportland.us or get started using the form below.