Hard Money Lenders Naples, FL
Rates Starting at 10%
West Forest Capital is a trusted hard money lender in Naples, FL, offering real estate financing up to $3 million. We’re known for being one of the fastest lenders in the area, understanding the importance of speed in Naples’ competitive real estate market. Our quick approval process helps you secure the funds you need quickly, allowing you to act fast on lucrative investment opportunities in the residential and commercial sectors.
- 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
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 locations in Naples, FL:
- Naples
- Marco Island
- Everglades City
- Golden Gate
- Immokalee
- Vanderbilt Beach
- Bonita Springs
- Estero
- Ave Maria
Hard Money Loans in Georgia - 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. Forget the long waiting periods at banks. West Forest Capital offers same-day approval for hard money loans and can fund your property in 3-5 days, with the possibility of funding in just 1 day!
If the property isn’t stabilized. Sometimes it’s not the timing but the property that causes issues with traditional bank financing. If the property needs rehab, is missing a Certificate of Occupancy (CO), or lacks a strong rental history, banks will reject it. West Forest Capital specializes in funding properties that banks can’t finance.
If you have poor credit. West Forest Capital understands that life’s events can sometimes hurt your credit score. We focus more on the value of the property itself than your FICO score or debt-to-income ratios when evaluating a loan request.
If you don’t want to take a loan in your personal name. Traditional banks often require properties to be owned by the individual applying for the loan. If you prefer to own the property in an LLC or already have too many properties, a hard money loan is a great solution
Why Choose A Naples, FL Hard Money Lender
Our goal is simple: to be the best hard money lender in Florida. We focus on the Naples metro area, which is renowned for its luxury real estate market and attractive investment opportunities. We understand the unique trends in Naples, from seasonal fluctuations to long-term property appreciation, and we are here to provide financing solutions that meet the needs of real estate investors in this vibrant region.
In Naples, we offer direct hard money financing in prime neighborhoods such as Old Naples, Pelican Bay, and East Naples, where luxurious properties and waterfront homes are in high demand.
We are also happy to assist with commercial property financing along major thoroughfares like Tamiami Trail and US 41, where businesses and mixed-use developments are booming. Additionally, we provide funding for fix-and-flip opportunities in areas like Bonita Springs, Estero, and Marco Island, where strong demand for renovated homes is driving investor interest.
For those seeking financing in surrounding areas like Golden Gate, Ave Maria, or Immokalee, we can offer the support needed to capitalize on the rapid development in these regions. These areas are seeing increased investment in residential and commercial properties, making them ideal for long-term growth and high returns.
Financing your Naples, FL Investment Property
Naples, FL, has become a prime location for real estate investment, with its thriving economy and appeal to both residents and investors. The city’s business-friendly policies have fostered an environment where real estate development and investment continue to grow, creating an increasing demand for both residential and commercial properties. The rising traffic in Naples, FL is a clear sign that the market is expanding, providing an abundance of investment opportunities.
Whether you are interested in distressed property acquisitions, value-add investments, or stabilized properties, Naples, FL offers a wealth of options for real estate investors. With West Forest Capital’s tailored financing solutions, we can help you secure the funding needed for residential or commercial projects, allowing you to take full advantage of the growing real estate market in this desirable Florida destination.
Asset-backed Lender Focused on Customized Solutions
West Forest Capital is well-versed in the Naples, FL real estate market and offers creative hard money lending solutions. We base our loans on the asset’s value and can fund up to 100% of the purchase price and rehab costs with added collateral.
We offer the longest hard money loan term available—up to 3 years—which is ideal for investors who need more time to stabilize properties before moving to permanent financing.
Please give us a call to find out more about financing opportunities in Naples, FL.
Interview with our client, Mike, in Massachusetts
Listen to our interview with Mike, a software engineer from Massachusetts, who started in real estate to provide himself with some passive income.
Hard Money Lender Naples, FL: Frequently Asked Questions
What are hard money lenders?
Hard money lenders are private, asset-driven lending sources that differ significantly from traditional banks. While both provide mortgage loans, banks generally impose stricter requirements and extensive documentation, whereas hard money lenders prioritize the value of the property itself. This approach reduces underwriting time considerably and allows many loans to be funded in approximately a week, unlike the lengthy approval processes associated with standard bank financing.
Investors often depend on these private money loans when acquiring properties at foreclosure auctions, where closing deadlines are extremely tight. Hard money lenders also provide financing for properties traditional lenders will not touch, such as those that lack a Certificate of Occupancy or need significant renovation. They are also useful for borrowers working to rebuild their credit, as low FICO scores typically do not hinder approval, and these loans can also serve as refinancing tools or cash-out options.
As a respected hard money lending team in Naples, FL, we are dedicated to helping investors secure fast and dependable funding for their real estate ventures.
How do hard money loans work?
A Naples, FL hard money loan is a quick alternative to bank mortgages, though interest rates tend to be higher, ranging from 10% to 12%, with an additional 2 points at closing. Loan terms usually span 1 to 2 years, ideal for short-term investments and can come in two parts:
- 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 work is required, hard money loan funds are typically distributed in arrears, meaning that funds are released as work progresses. For instance, if $50,000 is allocated for rehab, the borrower may complete $15,000 worth of work before requesting $15,000 in funding, and the process continues until the entire rehab is completed. These loans are commonly used for bridge loans, fix-and-flip projects, or commercial real estate investments, and are structured to ensure that the total loan amount, covering both the purchase price and rehab costs, does not exceed 65% of the property’s after-repair value (ARV). Hard money loans are especially beneficial in competitive markets like Naples, FL, where the ability to access quick financing is crucial for real estate investors looking to secure properties before they’re gone.
What do hard money lenders look for?
As a commercial loan, a hard money loan can only be granted to an LLC, not directly to an individual. However, this is not a problem, as forming an LLC is a simple and quick process, and it can be done with just one member which is yourself. This flexibility makes it easy for investors to access hard money loans through their LLC, even if they are new to this type of financing.
When evaluating a loan application, hard money lenders analyze both the purchase price and the after-repair value (ARV) of the property to ensure the loan can be repaid. Securing a property at or below market value is essential for the loan’s approval, as it reduces the lender’s risk. If the loan includes rehab funds, the lender will closely monitor the progress of the project to ensure that it stays on schedule. A clean title is a must as any judgments or liens on the property or LLC must be cleared before the loan can be finalized.
Hard money lenders are focused on ensuring that the borrower’s investment will be profitable. They want to see a healthy “spread” in the deal, meaning that the ARV will cover all costs like purchase, rehab, loan interest, closing, and other fees while still leaving room for the borrower to earn a profit. This is critical for both the borrower’s success and the lender’s ability to recover their investment.
What is hard money used for?
Hard money loans are a go-to solution for Naples, FL real estate investors in the following scenarios:
- To purchase and repair a property (including rental properties) that a traditional bank will not lend on (either because of the property itself or because of the borrower’s credit), which will then be sold to a retail buyer. This is commonly called “fix and flip.”
- To purchase and repair a property that a bank will not lend on, which will then be rented out. Once rented, the property will be considered “stabilized,” and may be refinanced with a traditional bank at a lower rate.
- To fund real estate purchases that need to be done in a timeframe that a traditional bank cannot meet (for example, a foreclosure auction). While a hard money lender can often fund the purchase within a week, a bank may take 2 or 3 months or longer.
- To obtain a fast cash-out refinancing using an already-owned property as collateral.
- To quickly refinance another mortgage on the property that is coming due.