Hard Money Lenders Lowell, MA

Rates Starting at 10%

West Forest Capital stands out as a premier hard money lender in Massachusetts, offering direct real estate financing of up to $3 million. Our unmatched turnaround times and local expertise have established us as one of the fastest lenders in the state’s highly competitive real estate sector.

Direct lending—no brokers involved
Immediate pre-approval, often within hours
Standard closings in 3 to 5 days, with 1-day funding possible when time is tight
We offer loan amounts up to $5 million

Property Types

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 in Massachusetts:

Recently Funded Hard Money Loans in Massachusetts

Medway, MA

This Massachusetts hard money loan was a cash-out refi, the proceeds of which were used by our client to build-out ancillary commercial space that is owned by our client in the same building. The subject property, a residential condo, was purchased for $225,000 and appreciated to $290,000. Utilizing a hard money loan in Medway, MA we were able to provide a cash-out $200,000 loan at 78% LTV by including the commercial space as additional collateral. The borrower was able to pull the vast majority of his investment out of the property, leaving only $25,000 in the deal, and generating a 160% return. Our loan was later refinanced by a traditional bank.

Dedham, MA

This Boston area hard money loan was used to fix and flip a single-family house. The home was purchased after several rounds of negotiations and needed a new kitchen, bathrooms, and various cosmetic touch-ups. We provided 70% of the purchase price and 100% of the rehab costs. Our client, who had completed two other flips in the previous three years, was able to move through the project quickly. Within 4 months the entire rehab had been completed and the property was listed for sale. Demand was strong, and the property went into contact within three weeks of the listing date. Two months later, the property was sold and our loan repaid.

Boston, MA

This hard money loan was made to a foreign national purchasing a two-bedroom condo in the Back Bay neighborhood. With a light credit history and no US income, our client was not eligible for a traditional bank loan for this investment property. However, the client was able to put down a 35% down payment, and we utilized a Boston hard money loan to fund the remaining 65%. This loan also included a 6-month interest reserve. The property needed no rehab and was quickly rented out. After demonstrating 9 months of rental history, our client was able to refinance our loan into a long-term fixed DSCR loan.

Why Use a Hard Money Loan

If you need funding fast. Applying for a bank loan can be a drawn-out process that delays your investment goals. West Forest Capital cuts through the red tape with immediate approval and quick closings—usually within 3 to 5 days. In pressing scenarios, we can even close in just 1 day.
If the property isn’t stabilized. Often, the problem isn’t timing—it’s that the property doesn’t meet bank criteria. Whether the building needs repairs, lacks a CO, or doesn’t have a solid rent history, West Forest Capital can provide financing when conventional lenders won’t.
If you have poor credit. Life happens, and credit scores can suffer. That’s why West Forest Capital focuses on the asset and its potential rather than a borrower’s credit score or income. This makes our loans accessible to those who might not qualify elsewhere.
If you don’t want to take a loan in your personal name. Banks generally require individual ownership of a financed property. But if you’re acquiring real estate under an LLC or have reached your personal loan limit, a hard money loan from West Forest Capital offers the flexibility you need.

Why Choose A Lowell Hard Money Lender

We love Lowell and are proud to be a trusted hard money lender for investors in this growing city! We’re well acquainted with the Mill City’s transformation—from the industrial past of the Hamilton Canal District to the energetic student population near UMass Lowell and the culture-rich neighborhoods of Belvidere and Pawtucketville. You won’t have to explain the spike in values in Centralville or the increased demand around Highlands and Acre. If you’re investing in nearby cities like Dracut, Chelmsford, Tewksbury, or Billerica, you can rely on us for fast, flexible funding.

And we’re not just limited to Greater Lowell. We also finance deals throughout the Merrimack Valley and North Shore. Whether your next project is in Lawrence, Haverhill, or even further out in Andover or Methuen, we’re equipped to help you secure hard money loans and get your deal done.

Financing your Massachusetts Investment Property

Despite national migration trends, Lowell and the surrounding Merrimack Valley have enjoyed a resurgence in both population and economic opportunity. The area is home to growing sectors in healthcare, education, and manufacturing, bolstered by institutions such as UMass Lowell and various local businesses driving regional employment.

Lowell provides an appealing mix of affordability and growth potential. As more investors look beyond Greater Boston, the city’s expanding infrastructure and revitalization efforts make it a promising market with steady property values and room for appreciation.

Asset-backed Lender Focused on Customized Solutions

West Forest Capital knows the ins and outs of Lowell’s fix and flip opportunities and is prepared to tailor hard money loans that work for you. Since our lending decisions are driven by the value of the property itself, we’ve been able to finance more than 100% of the combined purchase and renovation amounts on select deals.

If your strategy is to buy and hold rental properties in Lowell’s rising market, we also offer the longest hard money loan term available—3 years—giving you the flexibility and breathing room you need for long-term investments.

Call us now or apply online and let’s get your project moving.

Borrower interview

Interview with our client, Mike, in Massachusetts

Join us for a chat with Mike, a software developer living in Massachusetts, who turned to real estate to supplement his income with passive earnings.

Hard Money Lender Lowell: Frequently Asked Questions

What are Hard Money Lenders?

Real estate investors in Lowell often rely on hard money lenders as a faster, more flexible alternative to banks. These non-bank, asset-based lenders focus more on the property’s value than the borrower’s credit or financial history. As a result, underwriting is typically much faster—funding can happen in as little as one week, compared to the extended timelines required by banks.

Hard money loans are especially useful if you’re purchasing foreclosures or auction properties in Lowell, where fast closings are essential. These lenders will even fund homes that are missing a Certificate of Occupancy (CO)—something banks won’t do. Investors with credit issues also appreciate that hard money lenders are less concerned with FICO scores. Many in Lowell use hard money loans to refinance existing debt or to pull out cash from their investment properties.

How Do Hard Money Loans Work?

Securing a hard money loan, especially in real estate-heavy areas like Massachusetts, is much faster than going through a traditional mortgage process—but this speed comes at a higher cost. These loans typically carry interest rates between 10% and 12%, with a closing fee of around two points. The loan terms are short, usually one to two years, and the funding is divided into two distinct parts:

The purchase loan, which usually covers between 70% and 85% of the acquisition price.
The rehab portion, if needed, can provide up to 100% of the renovation costs.

For loans with a renovation component, lenders issue rehab funds in arrears. That means borrowers must complete part of the work before requesting reimbursement. So if a loan includes $50,000 for rehab, the borrower may need to finish $15,000 in work before drawing that amount from the lender—continuing in increments until the full amount is distributed.

Hard money loans are most commonly used as interim financing, including bridge loans, fix-and-flip funding, or commercial property loans. Lenders will ensure that the total of both the purchase and rehab loans does not exceed 65% of the property’s estimated ARV. These loans are a popular choice among investors who need to move quickly, especially in competitive real estate climates like Massachusetts.

What do hard money lenders look for?

In Lowell, hard money loans are treated as commercial transactions, which is why private lenders won’t extend credit directly to individuals. These loans are made exclusively to LLCs. If you haven’t formed one yet, don’t stress—it’s a fast and simple process, and a single-member LLC is all you need.

When funding deals in Lowell, hard money lenders take a detailed look at the purchase price and the After Repair Value (ARV) of the property. Acquiring the property at or below market value is often a key condition for approval. If you’re financing repairs as part of the loan, the lender will require that the rehab be completed on a defined schedule. Also essential is a clean title; any outstanding judgments or liens against the LLC or property must be cleared before funds can be released.

Hard money lenders in Lowell want your deal to work out profitably. They evaluate the full scope of the investment to ensure that the ARV exceeds all associated costs, including the purchase price, renovations, interest, and closing fees. The goal is a profitable project for you—because when you succeed, the lender does too.

What is hard money used for?

Hard money loans serve an essential role in real estate by offering solutions in situations where traditional loans fall short. These scenarios typically include:

Fixing and flipping residential investment properties that banks won’t finance. These properties may not qualify due to their physical condition or the borrower’s credit profile. Hard money loans enable acquisition and renovation, with the goal of selling the home to a retail buyer for profit.
Buying and improving a rental property that’s currently ineligible for bank loans. Once repairs are complete and tenants are in place, the property becomes stabilized, allowing the investor to refinance into a more affordable, long-term bank loan.
Financing real estate purchases or developments that must be completed on an accelerated timeline—like foreclosure sales—where banks simply can’t act quickly enough. Hard money lenders are often able to close in a matter of days.
Accessing quick capital through a cash-out refinance on a property already owned, helping investors unlock equity without a lengthy application process.
Replacing an existing loan that’s reaching maturity or needs to be paid off immediately. A hard money refinance offers a fast turnaround for these types of situations.
Facilitating a fast buyout of a co-owner, family member, or business partner. Once full ownership is obtained, borrowers often refinance into a long-term mortgage product.