Hard Money Lenders Malden, MA
Rates Starting at 10%
West Forest Capital is a trusted hard money lender in Malden, MA, providing real estate financing up to $3 million. Known for our quick turnaround, we understand the competitive nature of Malden’s real estate market. Whether you’re looking to invest in residential properties or commercial real estate, our streamlined approach ensures fast access to the funds you need to seize opportunities in this growing market.
- We are a direct lender, not a broker
- Same day pre-approval
- Funding in 3-5 days (1 day 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 |
Areas Covered
West Forest Capital lends in the following locations in Malden, MA:
- Bell Rock / Bellrock
- Edgeworth
- Fellsway / Fellsmere
- Forestdale
- Oak Grove
- Savin Hill / Linden
- Malden Center / Downtown Malden
- Maplewood / Maplewood Square
- West Malden
- Fellsway East / Fellsway West Corridor
Why Use a Hard Money Loan
If you need funding fast. Banks can take months to approve loans, but at West Forest Capital, we offer same-day approvals for hard money loans. We ensure funding within 3-5 days, and in emergencies, we can fund your loan in just one day.
If the property isn’t stabilized. Traditional lenders often turn down properties that need rehab or lack essential documents like a Certificate of Occupancy (CO). Whether the property is vacant, outdated, or has little rental history, banks may not view it as a good investment. At West Forest Capital, we provide financing for properties that fall outside the criteria of traditional lenders.
If you have poor credit. West Forest Capital recognizes that your credit score doesn’t always reflect your ability to make a successful real estate investment. Instead of focusing on your FICO score, we assess the value of the property itself when determining loan eligibility, making it easier for you to secure funding despite having poor credit.
If you don’t want to take a loan in your personal name. Banks often require property loans to be in the borrower’s name, which can be limiting for investors. With our hard money loans, you can structure your investment through an LLC, allowing you to keep your personal name off the property and maintain better control over your business.
Why Choose A Malden, MA Hard Money Lender
Our goal is simple: to be the top hard money lender in Malden, MA. We focus on this rapidly developing area just outside of Boston, which is home to numerous real estate investment opportunities. We understand local market dynamics, from trends in property values to population growth, making us the go-to lender for your real estate financing needs in Malden.
In Malden, MA, we provide direct hard money financing in areas like the Malden Center, Linden and Bell Rock neighborhoods, and along the commercial corridors of Salem Street and Eastern Avenue. Our expertise extends to financing for commercial properties along busy roads like Route 60 and Route 1, where mixed-use developments and small businesses are booming. We also fund fix-and-flip opportunities in nearby areas like Medford, Everett, and Revere, where demand for renovated homes is high and property values are steadily rising.
If you are looking for hard money loans in neighboring cities like Medford or Saugus, we can assist you. Additionally, we offer financing throughout Middlesex County, including towns like Stoneham, Wakefield, and Lynnfield, all of which continue to experience growth and present excellent investment potential.
Financing your Malden, MA Investment Property
Malden, MA, has seen significant economic growth in recent years, driven by its proximity to Boston and an influx of new businesses. As one of the most dynamic real estate markets in Greater Boston, Malden, MA has witnessed an increasing demand for both residential and commercial properties. The city’s robust economy and expanding population create a wealth of investment opportunities, making it a prime location for real estate investors.
With its strong market fundamentals, Malden, MA offers diverse investment opportunities for all kinds of real estate strategies. Whether you’re interested in buying distressed single-family homes for renovation, pursuing value-add opportunities in commercial corridors, or investing in stabilized properties in established neighborhoods, West Forest Capital is here to provide the financing you need to navigate this growing market. Whether for residential or commercial investments, we offer the capital necessary to secure profitable deals in Malden, MA.
Asset-backed Lender Focused on Customized Solutions
At West Forest Capital, we specialize in Malden’s residential and commercial real estate markets, offering flexible and creative financing options to help you succeed. Our loan structure is based on the property’s value, and in some instances, we can provide up to 100% of the purchase and rehab costs, as long as additional collateral is available to secure the loan.
We offer the longest hard money loan terms in Malden, MA, providing financing for up to 3 years. This extended loan term is perfect for investors looking for more time to stabilize or reposition a property before securing long-term financing or selling, offering flexibility and peace of mind in a competitive market.
Reach out to us today to discuss your real estate financing options in Malden, MA.
Hard Money Lender Malden, MA: Frequently Asked Questions
What are hard money lenders?
Hard money lenders are private, asset-based lending entities that operate outside of the traditional banking framework. Unlike banks, which impose strict credit requirements and require extensive documentation, hard money lenders focus on the property’s value and the borrower’s potential to generate a return. As a result, these loans often close much faster, with funding typically available within a week, while banks may take several months to finalize a loan.
For real estate investors in Malden, MA, hard money loans are a crucial tool, particularly for purchasing properties at foreclosure auctions with tight deadlines. These loans can also be used to finance properties that banks might reject, such as those lacking necessary permits or in need of major repairs. Hard money lenders are also an excellent option for borrowers with poor credit scores, as loan approval is not solely based on FICO scores.
As a trusted hard money lender in Malden, MA, we offer fast, flexible financing options to help you take advantage of real estate opportunities in this rapidly developing area.
How Do Hard Money Loans Work?
In Malden, MA, hard money loans provide a faster and more flexible way to secure financing compared to traditional bank mortgages. Though these loans come with higher interest rates, typically between 10% and 12%, and an additional 2 points due at closing, they are ideal for investors looking to act quickly. These loans typically last 1 to 2 years, making them perfect for short-term real estate projects. Hard money loans are structured in two parts:
- Funds for the purchase of the property, typically covering 70% to 85% of the purchase price.
- Funds for any necessary renovations, which can cover up to 100% of the rehab costs, providing the necessary capital for property improvements and repairs.
For properties requiring rehabilitation, hard money loans are distributed in arrears, meaning funds are released after portions of the rehab work are completed. For instance, if $50,000 is allocated for rehab, the borrower might complete $15,000 worth of work before receiving $15,000 from the lender, repeating the process until the project is fully funded. These loans are typically used for fix-and-flip investments, bridge loans, and commercial properties, with a structure that ensures the total loan amount, including both the purchase and rehab costs, does not exceed 65% of the property’s after-repair value (ARV). In areas like Malden, MA, where competition is fierce, hard money loans provide investors with fast, reliable financing, allowing them to close deals quickly and efficiently.
What do hard money lenders look for?
Hard money loans are considered commercial loans, and as such, they are not issued directly to individual borrowers. Instead, these loans are made to LLCs, offering more flexibility and protection for both the lender and the borrower. Setting up an LLC is an easy and quick process, and it can be done with just one member, the investor. This allows real estate investors to quickly access the necessary capital and move forward with their projects without delays.
When evaluating a loan, hard money lenders place significant importance on the purchase price and after-repair value (ARV) of the property. A property purchased at or below market value reduces the lender’s risk and ensures the investment is secure. If the loan includes rehab funds, the lender will monitor the progress of repairs, ensuring that the renovations align with the planned schedule and budget. Furthermore, a clean title is required, meaning that any liens or judgments on the property or the LLC must be resolved before any loan funds are released.
For hard money lenders, the success of the borrower’s project is key. The lender wants the borrower to succeed because the loan repayment depends on it. Therefore, the lender ensures that the ARV will cover all costs, including purchase, rehab, interest, and fees, while leaving enough room for the borrower to earn a profit.
What is hard money used for?
Hard money lending is frequently used by Malden, MA real estate investors in the following scenarios:
- To acquire and fix a property (including rental properties) that banks would not lend on due to the property’s condition or the borrower’s credit history, and then sell it to a retail buyer. This investment strategy is known as “fix and flip,” where investors buy distressed properties, repair them, and resell them for a profit, typically within a short period of time.
- To purchase and rehabilitate a property that banks won’t approve for financing, then rent it out. Once the property is stabilized with tenants, it can be refinanced through a traditional lender at a lower rate, allowing the investor to reduce their monthly payments and improve profitability in the long run.
- To finance real estate purchases that need to be completed in a short timeframe, such as properties at foreclosure auctions or in highly competitive markets. Hard money lenders can provide the necessary funding within a week, enabling investors to seize opportunities before traditional banks can process the application.
- To access fast cash-out refinancing by using an already-owned property as collateral.
- To refinance an expiring mortgage on a property before it becomes due.