Hard Money Lender in Kingston, NY
Rates Starting at 10%
West Forest Capital acts as a Kingston hard money lender, financing investment properties up to $3 million. We are known as the fastest hard money lender in Kingston because we appreciate how important each day is in real estate transactions.
- 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
- Ulster County
- Hurley
- Saugerties
- Woodstock
- Port Ewen
- Rosendale
- Stone Ridge
- New Paltz
- Rhinebeck
- Red Hook
Hard Money Loans in Ithaca - Areas We Serve
Recently Funded Hard Money Loans
- Location: Quogue, Long Island, New York
- Original Purchase Price: $3,675,000
- Rehab Budget: $2,200,000
- Loan Amount: $3,200,000
- ARV: $8,950,000
- Exit Strategy: Sale
- Investor Capital: $1,675,000
- Equity Created: $3,275,000
- Investor Return on Capital: 204%
- Location: Dix Hills, New York
- Original Purchase Price: $999,000
- Rehab Budget: $92,000
- Loan Amount: $867,000
- ARV: $1,355,000
- Exit Strategy: Sale
- Investor Capital: $224,000
- Equity Created: $264,000 (excluding soft costs)
- Investor Return on Capital: 118%
- Location: Staten Island, New York
- Original Purchase Price: $600,000
- Rehab Budget: $60,000
- Loan Amount: $450,000
- ARV: $840,000
- Exit Strategy: Sale
- Investor Capital: $210,000
- Equity Created: $180,000 (excluding soft costs)
- Investor Return on Capital: 86%
Why Use a Hard Money Loan
- If you need funding fast.
Bank loan processes are lengthy, requiring months before money is disbursed. West Forest Capital is able to speed this up by offering same-day approvals and making funds available in 3 to 5 days. In cases where a borrower faces an urgent situation, we can complete funding in just one day. - If the property isn’t stabilized.
Often, the barrier is the property itself, not the time required for approval. Banks rarely accept buildings in need of rehabilitation, properties without proper occupancy certification, or those with insufficient rental history. West Forest Capital makes financing possible in these circumstances, filling the gap left by banks. - If you have poor credit.
Credit setbacks happen, but at West Forest Capital we look beyond them. Our lending criteria give priority to the property’s value rather than credit scores or income ratios. This makes it possible for applicants with poor credit to still obtain the funding they need. - If you don’t want to take a loan in your personal name.
Traditional lenders typically require an individual to own the property directly to qualify for financing. For investors preferring ownership through an LLC or those with multiple existing loans, this is restrictive. West Forest Capital makes loans accessible without forcing borrowers to rely solely on their personal names.
Why Choose Kingston Hard Money Lender
Kingston is another one of our main focus areas. As a Kingston hard money lender, we finance projects that strengthen the local community and encourage growth. The city has benefited from steady appreciation in property values, and several neighborhoods have become important spots for investors seeking long-term returns. While investing in Kingston can be profitable, local regulations and property requirements need to be taken into account. We are glad to provide support and guidance based on our history of hard money lending in Kingston.
Financing your Kingston Investment Property
The real estate market in Kingston has shown consistent growth, with property appreciation over the years and resilience through challenges. Investors find opportunities across a broad range of projects in this market.
Several Kingston hard money lenders exist, but selecting one who knows the area and can help with realtor recommendations, contractor contacts, or deal assessments is crucial. At West Forest Capital, we provide direct lending, not brokering, so you can connect directly with the decision makers at 212-537-5833 to discuss your investment.
Asset-backed Lender Focused on Customized Solutions
Thanks to our experience in the Kingston fix and flip market, West Forest Capital delivers creative lending solutions that fit your hard money requirements. Our loans are based on the property’s value, and in certain deals we have financed more than 100 percent of both the acquisition and renovation.
We further provide the longest hard money loan available in the market, with terms as long as 3 years, a great match for buy and hold strategies.
Get in touch today or apply for your loan.
Hard Money Lender Kingston: Frequently Asked Questions
What are Hard Money Lenders?
Hard money lenders are private financial institutions that operate on an asset-based model. Although both banks and hard money lenders originate mortgage loans, their requirements and approval methods differ significantly. Hard money lenders emphasize the collateral value of the property, while banks tend to evaluate the borrower’s financial standing. This streamlined focus means that loans from hard money lenders can be approved and funded in about a week, while banks may need two or three months.
Many real estate investors, including those purchasing foreclosures at auction, rely on hard money lenders for quick financing. These loans also serve investors purchasing properties that require repairs or those that do not yet have a Certificate of Occupancy. In competitive real estate environments such as Kingston, having access to quick capital through hard money loans provides an important advantage.
West Forest Capital provides loans for properties and borrowers that traditional banks overlook. Even with poor credit, borrowers can qualify, as a low FICO score does not automatically disqualify them. We also provide refinancing and cash-out loans to help investors maintain flexibility while pursuing new opportunities.
How Do Hard Money Loans Work?
Hard money loans provide speed and simplicity compared to bank mortgages, but they also involve higher interest rates. These rates typically fall within the 10 to 12 percent range, with an additional two points added at closing. The usual loan term is one or two years, and depending on the structure, it may be divided into two separate stages.
- Funds for the purchase, typically cover 70 to 85% of the purchase price.
- Funds for rehab, if necessary, which may cover up to 100% of the renovation costs.
If rehab is included in the loan, those funds are provided in arrears. This means that when $50,000 has been set aside for renovations, the borrower might complete $15,000 in work first, then request that same amount from the lender. The process repeats until all renovation work is completed.
Common applications of hard money loans include bridge loans, fix and flip financing, and commercial property loans. These loans are structured so that the total amount borrowed, including both purchase and rehab funding, does not exceed 65 percent of the ARV. Because they are fast, they are particularly useful in competitive markets where timing makes a significant difference.
What do hard money lenders look for?
At West Forest Capital, the hard money loans we offer are structured as commercial loans, which means that financing is extended to LLCs rather than to individual borrowers. If you do not yet have an LLC, this should not be a concern, as creating one is a simple process, can be done quickly, and requires only a single member, which may be you.
In reviewing each transaction, we look at both the property’s purchase price and its ARV, which stands for After Repair Value, to determine whether the investment is viable. Properties that are purchased below or at market value are generally best suited for this type of financing, particularly if the loan also includes funds for renovations. In those cases, we expect a renovation schedule that is realistic and can be completed on time. Before any loan can be funded, we also require a clean title, which means all judgments or liens associated with the property or the LLC must be resolved first.
Our mission is to help investors succeed. Much like other hard money lenders, we want your real estate deals to generate meaningful profits. To do this, we verify that there is enough spread to cover purchase costs, rehab work, loan interest, closing costs, and other expenses, while still leaving a margin for profit. This approach guides the way we underwrite every deal.
For investors who need fast-moving solutions in Kingston, West Forest Capital provides the efficiency and flexibility that traditional banks cannot.
What is hard money used for?
A hard money loan is most frequently utilized in the following circumstances:
- To acquire and rehabilitate a property that a bank will not finance due to either the condition of the property or the borrower’s credit standing. Once renovations are complete, it can be sold to a retail buyer, in what is known as a fix and flip.
- To buy and repair a property that traditional lenders reject, and then lease it. Once stabilized, the property may be refinanced at a lower rate through a conventional lender.
- To fund purchases that require speed, such as foreclosure sales, where a bank cannot deliver within the required timeframe. Hard money lenders can provide funding within a week compared to the months needed by banks.
- To access funds quickly through a cash-out refinance that uses an existing property as collateral.
- To refinance another loan on a property that is nearing maturity and must be replaced.
To buy out the share of a co-owner. Hard money financing is particularly useful for these transactions, with refinancing available once full ownership has been achieved.