Hard Money Lender in Amityville, NY
Rates Starting at 10%
West Forest Capital is your trusted hard money lender in Amityville, NY, offering up to $3 million in fast funding for real estate investors. We specialize in quick approvals and reliable service to help you close deals swiftly in this competitive market.
- All loans are funded directly by us, with no outside brokers.
- Pre-approvals are issued the same day you apply.
- Typical closings take 3 to 5 business days, with 24-hour funding for urgent needs.
- We can fund deals up to $5 million when necessary.
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 |
Areas Covered
West Forest Capital lends in the following areas in Amityville, NY:
- Amityville
- North Amityville
- Copiague
- Lindenhurst
- North Lindenhurst
- Massapequa
- East Massapequa
- Massapequa Park
- Farmingdale
- Wheatley Heights
Hard Money Loans in Ithaca - Areas We Serve
Why Use a Hard Money Loan
- If you need funding fast.
In a competitive market, time is crucial. Traditional lenders simply cannot keep up with the fast pace of deals. West Forest Capital offers a quicker solution by providing same-day loan approvals. We can fund your deal within 3 to 5 days or even 24 hours if needed, so you won’t lose out waiting for a bank’s approval. - If the property isn’t stabilized.
Not every property is ready for immediate use. Whether you are dealing with an empty building, a property in need of significant renovations, or a space that lacks complete documentation, most traditional lenders will decline your request. At West Forest Capital, we understand the complexities involved with these kinds of investments. We specialize in offering financing for properties that present challenges, helping you overcome obstacles that conventional banks would typically avoid. - If you have poor credit.
Your FICO score doesn’t always reflect your potential as an investor. At West Forest Capital, we believe that the true value of an investment lies in the property itself, not just in your credit history. We take a more holistic approach, prioritizing the investment opportunity over past financial setbacks. If the property shows promise, we are happy to work with you, regardless of prior credit issues. - If you don’t want to take a loan in your personal name.
Many investors choose to work through LLCs or corporations to protect their assets and limit personal liability. West Forest Capital understands this need and offers loans tailored for business entities, providing more flexibility than banks that often require personal guarantees.
Why Choose An Amityville, NY Hard Money Lender
We are proud to serve as a trusted hard money lender in Amityville, NY, covering all of Suffolk County and the eastern part of Long Island. Our team is familiar with Amityville’s real estate market, from rental hot spots to areas with growing investment potential. Whether you’re working on a multifamily conversion or a single-family rehab, we know the local dynamics and can provide fast, responsive funding. If you need quick financing, we are local and ready to act immediately.
West Forest Capital extends its expertise beyond Amityville, NY. From Nassau’s commuter suburbs to Montauk’s seasonal investments, we offer experience, capital, and speed, funding deals efficiently wherever your opportunity is.
Financing your Amityville, NY Investment Property
Amityville, NY, is not just a historical town—it’s a community with growing real estate opportunities. From its charming homes to newly developing commercial spaces, Amityville offers investors access to a thriving market. With buyers leaving the city in search of suburban living, post-COVID, the area has seen increased price appreciation, especially for properties that offer more space.
When it comes to financing, you shouldn’t have to deal with the slow, bureaucratic processes typical of traditional lenders. At West Forest Capital, we act as true partners in your investment journey. Our decisions are made fast, often during that first conversation. Call 212‑537‑5833 today, and speak directly with the decision-makers to get your funding in place quickly.
Asset-backed Lender Focused on Customized Solutions
At West Forest Capital, our team brings a comprehensive understanding of the Amityville, NY real estate market, enabling us to provide flexible and innovative hard money loan options for investors. We finance properties based on their current and future potential value, rather than rigid underwriting guidelines. As a result, we have been able to fund projects that cover more than 100% of the acquisition and renovation costs for many Amityville, NY properties.
One of the unique benefits we offer is a 3-year loan term, the longest available for hard money loans in the industry. This extended term is perfect for investors who need extra time to stabilize or reposition a property before selling or refinancing, ensuring they can maximize returns.
Call us today or apply online to start securing the financing you need for your Amityville, NY investment.
Hard Money Lender in Amityville, NY: Frequently Asked Questions
What are Hard Money Lenders?
West Forest Capital functions as a hard money lender, providing private, asset-based loans for real estate investors without relying on your FICO score. We focus primarily on the asset itself, evaluating each project based on its purchase price and projected after-repair value (ARV). This streamlined approach enables us to fund your investment quickly—often in five days or less—far faster than traditional banks.
We are the go-to lending partner for investors in need of quick decisions, customized terms, or funding for properties banks might avoid, such as those without a Certificate of Occupancy or requiring significant repairs. We also support clients looking to rebuild credit profiles or those in need of refinancing under tight deadlines. As private money partners, we frequently assist with auction purchases and quick-turnaround flips.
Because hard money loans are commercial in nature, we only extend funding to LLCs. Establishing an LLC is quick and straightforward, even for individual investors. Along with the LLC structure, we verify a clean title and assess the full project scope, including detailed rehab timelines if applicable.
For real estate investors who need fast action and flexibility, a hard money loan from West Forest Capital offers the speed and support needed to keep your deal on track.
How Do Hard Money Loans Work?
Hard money loans are designed for speed and flexibility, making them much easier and faster to obtain compared to traditional bank financing. However, this convenience comes with higher costs. Interest rates typically range from 9% to 12%, and borrowers should also expect closing fees of 1 to 3 points. These loans are usually short-term, typically structured for one or two years.
Our hard money loans consist of two components: (1) a purchase loan that typically covers 70% to 85% of the property’s acquisition cost, and (2) a rehab loan to finance necessary renovations. At West Forest Capital, we often finance the full rehab budget when substantial improvements are required.
If no rehab work is needed, we exclude the rehab portion from the loan. For properties requiring renovations, funds are distributed in stages, after the completion of parts of the work. For example, on a $50,000 renovation, the borrower may receive reimbursement for $15,000 worth of work completed, and further disbursements are made as additional work progresses. The total loan amount, including both purchase and rehab, is generally capped at 65% of the projected after-repair value (ARV).
What do hard money lenders look for?
At West Forest Capital, we aim to assist you in your real estate investment journey, ensuring that each transaction is secure and financially sound. Our goal is to provide hard money loans tailored to your needs, helping you achieve your investment objectives while safeguarding the integrity of your deal.
As commercial lenders, we only offer funding to LLCs, not individuals. If you have not yet set up an LLC, don’t worry as setting up a single-member LLC is a straightforward process, and we are happy to guide you through every step.
Our loan evaluation is based on two key financial factors: the purchase price and the anticipated after-repair value (ARV) of the property. For maximum profitability, the purchase price should be at or below market value. If renovation funds are requested, we will carefully review your proposed repair budget and timeline to ensure they align with the projected ARV.
Before we can close, we require a clean, marketable title. Any liens, claims, or judgments that affect the property or your LLC must be cleared in advance. While we are flexible in many areas, we do require a well-defined repayment plan and a strong financial structure.
We specialize in funding deals with strong potential, those where the numbers support a profitable outcome after considering all costs, including purchase, renovation, loan interest, and closing fees. Once we verify the financials, we can act swiftly to help you close with confidence.
What is hard money used for?
When it comes to properties in Amityville, NY, hard money loans are often employed in the following scenarios:
- To purchase and renovate a property in Amityville, NY that a traditional bank would likely reject due to its current condition or the borrower’s financial profile, with the intention of reselling the property for a profit. This is a typical “fix and flip” strategy.
- To acquire and renovate a property in Amityville, NY that cannot be financed through traditional channels, with plans to rent it out. Once the property is occupied and generating rental income, it could qualify for a conventional refinance.
- To secure ownership of a property in Amityville, NY in situations where time is critical, such as bidding on a foreclosure or an off-market deal. Banks may take months, but a hard money lender can close the deal in under a week.
- To access quick capital through a cash-out refinance by using an existing property in Amityville, NY as collateral for the loan.
- To refinance a mortgage or balloon payment that is coming due on a property in Amityville, NY.
- To finance major repairs or improvements for a property in Amityville, NY that traditional lenders are unwilling to support.
- To purchase a property in Amityville, NY under an LLC, a scenario where many banks would decline to approve the loan.