Hard Money Lender in Hoboken, NJ
Rates Starting at 10%
- We are a direct lender, not a broker
- Same day pre-approval
- Funding in 3-5 days, although 1 day is possible
- Loan amounts up to $5 million
The Trust We've Earned
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 in New Jersey:
- 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
Read more about getting a hard money loan in the following areas:
Hard Money Loans in New Jersey - Areas We Serve
Recently Funded Hard Money Loans

Jersey City, NJ

Newark, NJ

Elizabeth, NJ
Why Use a Hard Money Loan
- If you need funding fast. Unlike traditional banks that may require several months to review and approve your loan, West Forest Capital offers the advantage of same day approval for hard money loans. We can complete funding in as little as 3 to 5 days, and for urgent circumstances, we are capable of funding your loan within 24 hours.
- If the property isn’t stabilized. Banks typically decline loans for properties that are in need of repairs, missing Certificates of Occupancy, or lack consistent rental income records. West Forest Capital specializes in funding these properties through hard money loans, providing solutions when conventional financing options are unavailable.
- If you have poor credit. Understanding that credit challenges happen, West Forest Capital prioritizes the appraised value of the property over your personal credit score or income ratios, enabling us to approve loans for borrowers who may not meet traditional credit criteria.
- If you don’t want to take a loan in your personal name. When banks require borrowers to personally own the property, it can complicate financing if you prefer LLC ownership or have an extensive real estate portfolio. Hard money loans through West Forest Capital allow you to keep your personal finances separate by financing under an LLC or other entity.


Why Choose A Hoboken, NJ Hard Money Lender
Since our very first loan in New Jersey in 2013, we have been proud to be a local hard money lender serving communities like Hoboken and beyond. We are well-versed in rent regulations that impact Hoboken and surrounding areas such as Elizabeth, Rahway, and Newark. If you need help pulling permits, our experience extends to navigating the process in Jersey City, Union City, and other parts of New Jersey. We understand the local culture and take pride in being a part of the New Jersey real estate community.

Financing Your Hoboken, NJ Investment Property
In Hoboken, New Jersey, the real estate market enjoys the advantage of closeness to key metropolitan areas like New York City and Philadelphia. This location benefits from a vigorous economy, led by industries including manufacturing, transportation, and pharmaceuticals, which contribute to a dynamic property market. Investors find abundant prospects for acquiring and upgrading properties to add significant value. West Forest Capital, a dedicated New Jersey hard money lender, is well-positioned to help you secure the funding needed to thrive in Hoboken’s competitive property landscape.

Asset-backed Lender Focused on Customized Solutions
Drawing from years of experience in the Hoboken fix and flip market, West Forest Capital specializes in structuring innovative financing solutions that fit your hard money loan needs. Our approach is asset-focused, sometimes allowing us to finance upwards of 100% of the purchase price combined with renovation costs. We also offer the longest hard money loan terms available, up to three years, ideal for investors who plan to hold their properties.
Call us or apply today to learn more.
Frequently Asked Questions: Hard Money Loans Hoboken, NJ
What are hard money lenders?
A hard money lender is a non-bank entity that offers loans based largely on the value of the real estate being financed instead of the borrower’s financial profile. Although both banks and hard money lenders provide mortgage financing, their lending standards differ substantially. Hard money lenders prioritize the collateral over the borrower’s creditworthiness. Their loan underwriting process is faster and simpler, often allowing loans to be funded within days or a week, in contrast to the months it can take with traditional banks. This makes hard money lending a preferred method for investors who purchase auctioned foreclosure properties requiring expedited closings. Hard money lenders will also fund loans on properties banks consider too risky, such as those without a Certificate of Occupancy. These loans are ideal for individuals with poor credit or those rebuilding their credit histories. Hard money loans can also be used to refinance or cash out on investment properties, but they are strictly limited to investment real estate, not primary residences.
How do Hoboken hard money loans work?
Because the process of obtaining a hard money loan is much faster and less burdensome than applying for a traditional mortgage through a bank, the interest rates are generally higher. Rates usually fall between 9 and 12 percent, and borrowers should also expect to pay between 1 and 3 points during the closing process. The loan terms usually last either one or two years. Hard money loans are often divided into two parts: one part finances the purchase price, typically covering between 70 and 85 percent of that cost, and the other part finances any necessary rehabilitation work to update the property. Many hard money lenders will cover up to 100 percent of the rehab expenses. If no rehab work is necessary, this second portion is excluded. When rehab is required, funds are typically distributed only after the borrower completes a portion of the work. For example, if the total rehab is $50,000, the borrower might complete $15,000 worth of improvements and then receive $15,000 from the lender. This cycle continues until the rehab is fully funded. Usually, the total loan amount, which includes both purchase and rehab funds, does not surpass 65 percent of the after-repair value, commonly referred to as ARV.
What do hard money lenders look for?
Since hard money loans are treated as commercial loans, lenders provide funding exclusively to LLCs rather than individuals. If you do not already have an LLC, there is no cause for concern because setting one up is quite easy and it can be formed with a single member – yourself.
Hard money lenders evaluate both the purchase price and the after-repair value to confirm the loan’s repayment potential. Buying at or below market value is a key factor in loan approval. For loans that include rehabilitation funds, lenders require that the renovations follow the prescribed schedule. Furthermore, it is essential that the title to the property is free of liens or judgments; these issues must be resolved prior to loan funding for both the property and the borrowing LLC.
The hard money lender’s priority is that the borrower engages in a profitable investment or transaction. In other words, the lender wants you to generate a return on your real estate purchase to ensure repayment of the loan. They verify there is sufficient “spread,” meaning that the after-repair value will cover purchase price, rehab costs, loan interest, closing expenses, and other fees, leaving a healthy profit margin for you as the investor.
What is hard money used for?
A hard money loan is often applied in several real estate investment scenarios:
- Covering the purchase and renovation expenses of a property that banks will not finance because of its condition or the borrower’s credit profile. After rehab, the property is typically sold to retail buyers in a process known as “fix and flip.”
- Buying and updating rental properties that traditional lenders avoid funding. Once the rehab is complete, the property can be rented out and deemed “stabilized,” making it eligible for refinancing through traditional channels at lower interest rates.
- Funding purchases with very tight deadlines which banks cannot meet, such as bidding at foreclosure auctions. Hard money lenders generally close in under a week, whereas banks might take several months to finalize.
- Extracting quick equity from a property that you already own by using it as collateral in a cash-out refinance.
- Quickly refinancing an existing mortgage before it matures to prevent penalties or foreclosure.
- Buying properties under an LLC name. Traditional lenders usually do not lend to LLCs, so hard money lenders provide more flexibility for ownership outside your personal name.
Are hard money loans the same as flip loans?
Hard money loans and flip loans share similarities but are distinct. Hard money loans, offered by private lenders such as West Forest Capital, focus on the value of the property and support a broad range of real estate investment projects, regardless of the borrower’s credit history. Flip loans are a category within hard money loans tailored specifically to investors who intend to buy, refurbish, and rapidly resell properties for financial gain. Although all flip loans fall under hard money loans, many hard money loans serve other investment objectives besides flipping.