Looking for reliable renovation financing in Long Island? West Forest Capital specializes in asset-based loans that focus on property value instead of credit history. Unlike traditional lenders that require extensive paperwork and long waiting periods, we offer a quick and seamless process, providing funding within days—ideal for properties in need of repairs or missing a Certificate of Occupancy.
Applying for a renovation loan with West Forest Capital is a simple process. Interest rates typically range from 9 to 12%, with closing costs factored in. Our loans cover up to 85% of the property’s purchase price and 100% of renovation expenses, distributed in stages as work progresses. Designed for short-term use, these loans ensure that total financing remains under 65% of the after-repair value (ARV).
If you’re looking for pre-approval on a Long Island investment property, be prepared to provide purchase price, renovation budget, and estimated after-repair value (ARV). Unlike home equity or home improvement loans, we assess the property’s potential rather than focusing solely on credit scores. Submitting recent financial records and proof of LLC ownership can help speed up the process.
As a private money lender, we work primarily with LLCs to fund investment opportunities. We carefully assess both the purchase price and ARV to validate the strength of the deal. Important factors include purchasing below market value, following a structured renovation plan, and maintaining a clear title. Our objective is to help you succeed in your investment while facilitating an easy repayment process.
When traditional banks hesitate, West Forest Capital steps in with renovation loans designed for real estate investors. Whether flipping, renting, or securing properties at auction, our financing delivers the speed and adaptability required. We also support cash-out refinancing, mortgage refinancing, and LLC-based purchases—scenarios that standard lenders typically don’t accommodate.
When you send us your rehab budget, we review it to make sure it aligns with the property’s ARV and renovation plan. We provide full funding for eligible rehab costs. If unexpected expenses arise, we offer room for adjustments—flexibility that’s rarely available with traditional home improvement or home equity loans.
Before taking the next step with a renovation loan, carefully review the property’s financial potential and finalize your renovation roadmap. West Forest Capital works with you to evaluate the feasibility and profitability of your project to ensure it meets lender requirements. Knowing how the loan terms align with your renovation costs and expected timeline will help you fully take advantage of your financing options.
Once your renovation loan is approved, quick access to funding becomes one of the key benefits of choosing West Forest Capital. We move fast so you can move forward, securing your property and starting renovations without unnecessary delays. Our speed and reliability make us a top choice for investors in today’s fast-paced real estate market.
Yes, credit issues won’t necessarily prevent you from getting approved. Unlike traditional lenders, we don’t rely on strict credit score requirements. Instead, we assess the overall financial picture and, most importantly, the property’s ARV. If the investment makes sense, we’ll work with you to secure the funding you need.
To proceed with closing, you’ll need to establish an LLC. Since our renovation loans are intended for business use, they are only available to LLCs rather than individual borrowers. If you’re looking into other financing solutions, personal loans or home equity loans might be an option. However, they typically don’t provide the same level of funding or flexibility for real estate investments.
Yes, our renovation loans are available for rental properties and resale homes in Long Island. Whether you’re getting a property move-in ready for tenants or making updates to sell at a higher price, our loans provide the flexibility you need. Unlike personal loans or home equity lines, which can be limiting, our financing solutions are specifically tailored to meet the demands of real estate investors.
