Renovation Loans In Framingham
Rates Starting at 10%
West Forest Capital is a renovation lender, financing real estate investments up to $5 million. We have gained a reputation as the fastest renovation lender because we know how critical each day is in the competitive real estate market.
- We are a direct lender, not a broker
- Same day pre-approval
- Funding in 3-12 days, although 1 day is possible
- Loan amounts up to $5 million
Property Types
- Multi-family
- Single-family Investment Properties
- Condominiums
- Apartments
- Co-ops
- Retail
- Small Office Buildings
- Industrial & Warehouse
- Duplex
- Triplex
- Quadplex
- Mixed-Use
Lending Parameters
| Loan Size | $100,000 to $5,000,000 |
| LTC | Up to 80% of purchase price |
| Rehab Funding | 100% |
| LTV | Up to 70% of the ARV |
| Term | Standard is 12 months. 24-36 months is available |
| Lien | First lien; second lien as additional collateral only |
| Interest Rate | 10%–12.5% |
| Points | 1.5–2% of the loan amount |
Counties Covered
West Forest Capital lends in the following counties:
- Hudson County
- Bergen County
- Passaic County
- Essex County
- Morris County
- Sussex County
- Warren County
- Union County
- Somerset County
- Middlesex County
- Hunterdon County
- Mercer County
- Monmouth County
- Burlington County
- Ocean County
- Atlantic County
- Cape May County
Recently Funded Investment Property Renovation Loans
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Jersey City, NJ
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Newark, NJ
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Elizabeth, NJ
Why Use a Renovation Loan in Framingham
- If You Need Rapid Funding: Unlike traditional banks that may take months to process your loan application, West Forest Capital offers same-day approval for investment property renovation loans, with funding available in just 3 to 12 days. In urgent cases, we can even provide funding within 24 hours.
- Because the Property Requires Renovation: Traditional banks often shy away from financing properties that need rehab, lack a Certificate of Occupancy (CO), or have other issues. West Forest Capital specializes in funding investment property renovation loans for properties that do not meet standard banking criteria.
- If You Have Less-Than-Perfect Credit: We understand that situations come up in life that might impact credit. That’s why we focus on the property’s value rather than your credit score when underwriting the loan.
- It’s Investment Real Estate: Typically, banks require loans to be made to individuals. But you are renovating your investment property and it should be treated as such by being in an LLC. This way, you get all of the benefits of owning an LLC, and the renovation loan is structured as a business-purpose loan to your LLC.
Why Choose Us For Your Renovation Loans
We’re passionate about supporting real estate investors with their renovation projects, providing specialized renovation loans tailored to meet your project’s unique needs. Our expertise spans beyond local regulations; we understand the critical elements involved in planning, budgeting, and structuring renovation financing for properties in various markets. With experience working alongside contractors, navigating permit requirements, and coordinating with city inspectors, we’re prepared to guide you through the entire renovation loan process. Let us be your trusted partner, helping you bring your investment properties to life with confidence and ease.
Finance Your Renovation Property
The market for renovating properties is strong, with high demand and a solid supply of homes ready for improvement. This setup offers a promising opportunity, with attractive spreads between purchase prices and renovation costs.
However, this active market also brings competition, as many real estate investors want to capitalize on these opportunities. Our team at West Forest Capital is here to help you gain an edge with committed, cash-equivalent capital and make sure your renovation process is as seamless as possible. Let us support you every step of the way to help make your project a success.
Asset-backed Lender Focused on Customized Solutions
We are guided by the current “as-is” market value, the renovation costs, and the “after repaired value.” We are easy to work with and typically provide a large amount of the purchase price and 100% of the rehab costs. We are also flexible: if you do the construction out of order from your original schedule, or have a budget overrun, we will work with you to make sure your renovation project is successful.
West Forest Capital also offers the longest hard money renovation loan available on the market (2 years), which is a great option for those projects that may take a bit more time.
Call us today, and let’s talk about your loan scenario. Most likely, we will be able to fund you.
Frequently Asked Questions
What are renovation lenders in Framingham?
For real estate investors in Framingham, securing financing for property renovations shouldn’t be a hassle. At West Forest Capital, we specialize in asset-based loans, prioritizing property value over credit history. Unlike traditional banks, we move fast—our streamlined process enables approvals and funding within days, helping investors revitalize properties, even those without a Certificate of Occupancy.
How do renovation loans work?
West Forest Capital offers a straightforward approach to renovation financing. Interest rates range from 9% to 12%, with closing fees applied. We cover up to 85% of the purchase price and 100% of rehab costs, distributing funds as renovations progress. Our short-term loans ensure total financing remains below 65% of the property’s after-repair value (ARV), positioning investors for success.
What documents or information will I need to provide to get pre-approved?
Pre-approval is fast and efficient when you have the right documents. You’ll need to provide property details, including the purchase price, renovation budget, and estimated after-repair value (ARV). Unlike traditional loans, our focus is on property value and potential. However, submitting recent financials and proof of LLC ownership can help accelerate your approval.
What do renovation lenders in Framingham look for?
We specialize in financing LLCs rather than individual investors. Our analysis is centered on the purchase price and ARV to determine a property’s profitability. Key factors include securing properties below market value, adhering to a structured rehab schedule, and maintaining a clear title. Our approach is designed to help investors generate strong returns while ensuring seamless loan repayment.
What is a renovation loan used for?
Renovation loans from West Forest Capital in Framingham empower investors with fast, reliable financing. They are ideal for purchasing and renovating properties for resale or rental, acquiring auction properties, and financing real estate under an LLC. Additionally, they allow cash-out refinancing and mortgage restructuring—options that many traditional lenders do not support.
How is the home renovation loan budget assessed and approved?
When you submit your rehab budget, we ensure it aligns with your property’s improvement strategy and projected ARV. We cover 100% of rehab costs that meet our lending criteria. If adjustments are needed due to unexpected expenses, we offer the flexibility to adapt your funding—something rarely available with standard home improvement or equity loans.
What should I consider before applying for a renovation loan?
Before applying for a renovation loan, analyze the property’s profit potential and ensure you have a clear, actionable renovation plan. At West Forest Capital, we prioritize projects with strong financial feasibility. Understanding loan terms and structuring your budget effectively will help you maximize your funding and returns.
How quickly can I access funds once approved for a renovation loan?
With West Forest Capital, funding speed is a top priority. Once approved, your funds are released quickly, allowing you to move forward without unnecessary delays. This quick access helps investors secure opportunities and complete renovations efficiently, improving overall project profitability.
Can I apply if I have had credit issues in the past?
Yes, having a lower credit score does not prevent you from securing a loan with us. While we review your financial background, our primary focus is on the property’s value and ARV. This means we can offer financing to investors who may not meet traditional lending criteria but have a solid real estate opportunity.
Do I need to have an LLC before applying, or can I set one up after loan approval?
An LLC must be set up before we can close your loan. Our financing is designed specifically for business purposes and is only available to LLCs. If you don’t have one yet, you can establish it before finalizing the loan. While personal loans and home equity loans don’t require an LLC, they often provide less capital and flexibility for real estate investments.
Can I use the loan to finance renovations for rental properties in Framingham, or is it only for properties intended for resale?
Yes, our renovation loans can be used for both rental properties and resale projects, giving you the freedom to invest in your preferred strategy. Whether you’re remodeling a property to boost rental income or improving it for a profitable resale, we provide fast and reliable funding. Unlike traditional home equity lines or personal loans, which may not offer the same level of support, our loans are structured specifically for real estate investors looking to maximize returns.
