Hard Money Lenders Newton, MA
Rates Starting at 10%
West Forest Capital is a reliable hard money lender in Newton, MA, offering real estate financing up to $3 million. As the fastest lender in the area, we know how important it is to act quickly in Newton’s competitive real estate environment. Our efficient lending process ensures that you can access capital swiftly, whether you’re pursuing residential investments or commercial property opportunities, helping you stay ahead of the competition.
- 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 Newton, MA:
- Auburndale
- Chestnut Hill
- Newton Centre
- Newton Highlands
- Newton Lower Falls
- Newton Upper Falls
- Newtonville
- Nonantum
- Oak Hill
- Thompsonville
- Waban
Why Use a Hard Money Loan
If you need funding fast. Traditional banks can delay your real estate investments for weeks, but West Forest Capital offers fast, same-day approval. With funding available in 3-5 days, we can close in just 24 hours when time is of the essence.
If the property isn’t stabilized. Properties in need of repairs, missing a Certificate of Occupancy (CO), or lacking a rental history often face rejection from banks. These properties are often considered too risky by conventional lenders, making financing difficult. At West Forest Capital, we specialize in funding properties that don’t meet traditional bank requirements, allowing you to move forward with your investment.
If you have poor credit. At West Forest Capital, we know that life events can affect your FICO score. That’s why we focus on the value of the property rather than your credit score when determining loan eligibility, providing you with a financing solution even if you have a less-than-ideal FICO score.
If you don’t want to take a loan in your personal name. Many traditional lenders require that property ownership be tied to the borrower personally, but that’s not the case with hard money loans. If you prefer to purchase property under an LLC or have too many properties for personal financing, we offer the flexibility to invest through an LLC structure instead.
Why Choose A Newton, MA Hard Money Lender
Our goal is simple: to be the premier hard money lender in Newton, MA. Newton offers a wide range of real estate investment opportunities, from luxury homes to mixed-use developments. With an in-depth understanding of local market trends, demographics, and property values, we are the preferred lender for real estate investors in this thriving suburban community.
In Newton, MA, we provide hard money loans in neighborhoods like Newton Centre, West Newton, and Newtonville, which are home to a variety of residential and commercial opportunities. Our expertise extends to commercial property financing along roads like Washington Street and Commonwealth Avenue, where retail and mixed-use developments continue to grow. We also fund fix-and-flip projects in nearby suburbs like Brookline, Waltham, and Chestnut Hill, where renovated homes are in demand, and home prices are increasing.
If you’re looking for hard money loans in surrounding towns like Wellesley or Needham, we’re here to help. Additionally, we offer financing throughout Middlesex County, including cities like Arlington, Lexington, and Belmont, where real estate investment opportunities are thriving and offer excellent returns for investors.
Financing your Newton, MA Investment Property
Newton, MA, one of the most affluent and desirable suburbs in the Boston area, has seen consistent economic growth, attracting both residential and commercial investments. The city’s strong economic foundation, excellent schools, and proximity to downtown Boston make it an increasingly popular choice for families and businesses. As more people move to Newton, MA, the demand for real estate continues to rise, creating a wealth of opportunities for investors.
Newton’s real estate market provides diverse opportunities for investors, ranging from single-family home flips in highly sought-after neighborhoods to larger commercial developments. Whether you’re looking to invest in value-add opportunities in Newton Centre or pursue stabilized properties in established residential areas, West Forest Capital can help finance your projects. With our financing solutions, you can capitalize on Newton’s thriving market and secure profitable investment opportunities.
Asset-backed Lender Focused on Customized Solutions
With a deep understanding of Newton’s residential and commercial real estate markets, West Forest Capital provides innovative and flexible financing solutions to meet your needs. Our loans are based on the property’s current and projected value, and in select cases, we can offer up to 100% financing for both the purchase price and rehab costs, provided that additional collateral is available.
We also offer the longest hard money loan terms in Newton, MA, with loan terms extending up to 3 years. This extended term is ideal for investors who require additional time to stabilize their property, bridging the gap between short-term hard money and longer-term financing solutions.
Please contact us to learn more about your financing options for real estate investments in Newton, MA.
Hard Money Lender Newton, MA: Frequently Asked Questions
What are hard money lenders?
Hard money lenders are private, asset-based financiers who provide loans based primarily on the value of the property rather than the borrower’s creditworthiness. Unlike traditional banks, which have lengthy and rigid approval processes, hard money lenders can complete loans quickly, often within a week, since the focus is on the property’s value rather than extensive documentation or credit scores. This allows for a faster turnaround time compared to the often slow processes of traditional banks.
In Newton, MA, real estate investors frequently use hard money lenders when looking to purchase distressed properties, especially in competitive markets where timing is crucial. These lenders also provide financing for properties that banks typically reject, such as those requiring significant repairs or lacking a Certificate of Occupancy. Hard money loans are particularly helpful for investors with lower credit scores, as approval is not heavily based on FICO scores.
As a leading hard money lender in Newton, MA, we are committed to providing fast and flexible financing options to support your real estate investment goals.
How Do Hard Money Loans Work?
In Newton, MA, hard money loans offer a streamlined and fast alternative to traditional bank mortgages, especially for real estate investors seeking quick access to funds. Although interest rates tend to be higher, typically between 10% and 12%, and an additional 2 points are due at closing, the approval process is significantly faster. These loans usually last between 1 to 2 years, providing flexibility for short-term investment projects that require quick turnaround. The structure of the loan includes two key components:
- Funds for the property’s purchase, usually covering 70% to 85% of the purchase price.
- Funds for property rehabilitation, which can cover up to 100% of the necessary renovations, allowing for significant improvements and property value enhancements.
Hard money loan funds for rehab projects are provided in arrears, meaning payments are made after each phase of the work is completed. For example, if a $50,000 rehab budget is set, the borrower might finish $15,000 of work and request a $15,000 payment, repeating this process as the rehab progresses. These loans are often used for bridge loans, fix-and-flip projects, or commercial real estate investments, with the total loan, covering both purchase and rehab costs, not exceeding 65% of the property’s after-repair value (ARV). In Newton, MA, where real estate is in high demand, hard money loans offer investors the speed and flexibility they need to seize profitable opportunities before they pass.
What do hard money lenders look for?
Hard money loans are classified as commercial loans, which means they are issued to LLCs rather than individuals. Setting up an LLC is a simple and efficient process, and it can be done with a single member, typically the investor. This enables real estate investors to move quickly with their financing, as the loan application process is faster and less complicated than traditional bank loans.
Hard money lenders base their loan decisions on both the purchase price and the after-repair value (ARV) of the property. Purchasing a property at or below market value is essential for ensuring that the lender’s investment is secure. If the loan includes rehab funds, the lender will keep track of the renovation progress to ensure the work is completed on time and within the agreed budget. Additionally, a clean and marketable title is a must—any outstanding liens or judgments must be cleared before the loan can be disbursed.
For hard money lenders, it is vital that the borrower’s project is profitable, as the lender’s repayment depends on the success of the project. The lender ensures that the ARV will cover all costs, including the purchase price, renovation expenses, and interest, while still leaving room for the borrower to achieve a reasonable profit.
What is hard money used for?
Hard money lending is frequently used by Newton, MA real estate investors in the following scenarios:
- To buy and renovate a property (including rental properties) that traditional banks will not finance, whether due to the property’s condition or the borrower’s credit score, and then sell it to a retail buyer. This strategy, referred to as “fix and flip,” is widely used by investors who seek to profit from buying distressed properties, making necessary repairs, and selling for a higher price.
- To buy and fix up a property that banks won’t lend on, then rent it out. Once the property is rented and stabilized, it may be refinanced through a traditional lender at a lower rate, giving the investor more favorable loan terms and a more stable cash flow.
- To fund real estate acquisitions that require rapid closure, such as purchasing properties at foreclosure auctions. While banks may take months to approve a loan, hard money lenders can close in a fraction of the time, making them the ideal choice for time-sensitive deals.
- To perform a fast cash-out refinance using an already-owned property as collateral.
- To refinance a loan on a property that is coming due.