Hard Money Lender in Babylon, NY
Rates Starting at 10%
West Forest Capital is your go-to hard money lender in Babylon, NY, providing up to $3 million in fast funding for real estate investors. With quick approvals and dependable service, we help you close deals quickly in Babylon’s competitive real estate market.
- Loans are funded directly by us, with no outside brokers involved.
- Pre-approvals are provided the same day you apply.
- Deals close in 3 to 5 business days, with 24-hour funding for urgent cases.
- We can fund up to $5 million when needed.
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 Babylon, NY:
- Babylon
- West Babylon
- North Babylon
- Lindenhurst
- Copiague
- Wheatley Heights
- Wyandanch
- Oak Beach
- Gilgo Beach
- Captree
Hard Money Loans in Ithaca - Areas We Serve
Why Use a Hard Money Loan
If you need funding fast.
In today’s market, speed is key to securing deals. Conventional lenders take too long, which can result in missed opportunities. West Forest Capital stands out by offering fast loan approvals on the same day. Our ability to fund within 3 to 5 days or even 24 hours ensures you won’t have to wait around for a bank.- If the property isn’t stabilized.
Investment properties often come with challenges. If you’re working with a vacant building, a property in need of heavy repairs, or a space missing critical paperwork, you’ll likely find traditional banks unwilling to finance the deal. West Forest Capital specializes in these complex scenarios. We provide funding for properties that need extra attention, offering solutions where others may hesitate due to the property’s unique circumstances. - If you have poor credit.
At West Forest Capital, we understand that your credit score is just one part of the equation. We believe that a solid investment opportunity shouldn’t be overlooked due to past financial struggles. Rather than focusing solely on your credit history, we look at the potential of the property itself. If it presents a good opportunity, we’re open to partnering with clients, even if they have faced credit challenges in the past. - If you don’t want to take a loan in your personal name.
Operating through an LLC or corporate entity allows real estate investors to protect their personal assets. West Forest Capital offers financing solutions for business entities, giving you the advantage of flexibility, unlike traditional banks that demand personal guarantees.
Why Choose A Babylon, NY Hard Money Lender
As a hard money lender in Babylon, NY, we proudly serve the entire Suffolk County region, including the eastern part of Long Island. Our team knows Babylon’s real estate landscape, from rental areas to emerging investment sectors. If you’re working on a single-family rehab or multifamily conversion, we understand the local market dynamics and can offer fast, flexible funding. You don’t need to explain the growing demand for property rehab in the area as we’re already in tune with the trends.
West Forest Capital goes beyond Babylon, NY. From Nassau’s well-connected suburbs to Montauk’s niche investments, we provide fast funding and expertise, ensuring your deals are funded quickly wherever your opportunity is located.
Financing your Babylon, NY Investment Property
Babylon, NY, is a thriving community with a strong economy and a growing real estate market. With a mix of suburban charm and proximity to New York City, Babylon is a prime location for real estate investment. The market has seen significant price appreciation post-COVID as more buyers seek the peace and space of suburban living.
At West Forest Capital, we offer quick, efficient hard money lending that avoids the red tape of traditional lending institutions. When you reach out to us, your decision is made the same day—often during your first call. Call 212‑537‑5833 to speak directly with our decision-makers and get the financing you need without delay.
Asset-backed Lender Focused on Customized Solutions
Our team at West Forest Capital possesses an in-depth understanding of the Babylon, NY property market, which allows us to offer versatile and creative hard money loan options tailored for investors in the area. Rather than adhering to restrictive underwriting criteria, we base our financing decisions on the present and future value of the property, allowing us to fund more than 100% of the acquisition and rehab costs on many Babylon, NY investment properties.
We also stand out in the industry by offering a 3-year loan term, the longest available for hard money loans. This extended term provides investors with the necessary time to stabilize or reposition their properties before putting them up for sale or refinancing.
Get in touch with us today or submit your application online to take the next step in securing your Babylon, NY investment financing.
Hard Money Lender in Babylon, NY: Frequently Asked Questions
What are Hard Money Lenders?
West Forest Capital operates as a trusted hard money lender, offering asset-based real estate loans that are not dependent on your credit score. We focus on evaluating each deal based on its purchase price and projected after-repair value (ARV), which allows us to expedite the loan process and fund your project in five days or less, far quicker than traditional banks.
Our services are designed for investors who need fast action, customized loan terms, or funding for properties that banks typically avoid, such as those in need of major repairs or without a Certificate of Occupancy. We frequently assist investors who are rebuilding their credit or require refinancing with tight deadlines. Additionally, we support auction purchases and fast-turn flips.
Since our loans are commercial, we only lend to LLCs. Setting up an LLC is quick and simple, even for solo investors. Alongside the LLC, we ensure the title is clear and evaluate the full project scope, including rehab schedules if needed.
For proactive investors, especially those working with time-sensitive deals, a hard money loan from West Forest Capital provides the speed and flexibility necessary to close successfully.
How Do Hard Money Loans Work?
Hard money loans are designed to be quicker and more flexible than traditional loans, allowing investors to access funds faster. However, this convenience comes with higher costs. Interest rates typically range from 9% to 12%, along with closing fees between 1 and 3 points. These loans are usually short-term, with terms generally ranging from one to two years.
Our hard money loans typically consist of two parts: (1) a purchase loan that covers 70% to 85% of the acquisition price, and (2) a rehab loan to cover the cost of repairs. At West Forest Capital, we often provide funding for the entire rehab budget when significant renovations are needed.
When no rehab is required, the rehab portion of the loan is not included. For properties needing renovation, funds are distributed in stages, after completing portions of the work. For example, if the total rehab cost is $50,000, the borrower may receive reimbursement for $15,000 worth of completed work, with further disbursements made as the renovation progresses. The total loan amount, including both purchase and rehab, is usually limited to 65% of the projected after-repair value (ARV).
What do hard money lenders look for?
At West Forest Capital, our mission is to support your real estate investment goals while maintaining the security and integrity of each transaction. We provide custom hard money loans designed to help you meet your objectives and ensure the financial soundness of your deals.
We only lend to LLCs, not individual borrowers, because our loans are structured as commercial products. If you haven’t yet set up an LLC, don’t worry, forming a single-member LLC is quick and easy, and we are here to assist you through the process.
Our loan evaluation focuses on two critical financial aspects: the purchase price of the property and its expected after-repair value (ARV). For optimal profitability, the purchase price should be at or below market value. If renovation financing is needed, we carefully review the proposed budget and timeline to make sure they align with your projected ARV.
Before we proceed to close, we require a clean and marketable title. Any liens, claims, or judgments affecting the property or your LLC must be cleared first. While we are flexible in many areas, we require a solid repayment plan and sound financial structure.
We are committed to funding deals that have true potential, deals where the numbers make sense after accounting for all costs, such as purchase price, rehab expenses, loan interest, and closing fees. Once the financials align, we are ready to move quickly and help you close with confidence.
What is hard money used for?
When it comes to properties in Babylon, NY, hard money loans are often employed in the following scenarios:
- To buy and fix up a property in Babylon, NY that banks typically reject due to the building’s condition or the borrower’s financial history, with the goal of flipping it for a profit. This is a classic “fix and flip” approach.
- To acquire and renovate a property in Babylon, NY that cannot be financed through conventional means, with plans to rent it out. After the property generates rental income, it may become eligible for conventional refinancing.
- To secure a Babylon, NY property quickly, especially in competitive situations like foreclosures or off-market opportunities. While traditional banks can take months to close, a hard money lender can typically finalize the deal in under a week.
- To secure fast capital through a cash-out refinance by using an existing Babylon, NY property as collateral for the loan.
- To refinance an impending balloon payment or mortgage on a Babylon, NY property before it expires.
- To fund substantial repairs or renovations for Babylon, NY properties that are not eligible for traditional financing.
- To purchase an investment property in Babylon, NY under an LLC structure, a scenario where many banks would refuse financing.