Hard Money Lenders in Nashua, NH
Rates Starting at 10%
West Forest Capital is your trusted partner for hard money loans in Nashua, offering funding up to $3 million for real estate investments. With a focus on speed and reliability, we’ve earned our reputation as the fastest lender in Nashua. We recognize the competitive nature of Nashua’s real estate market, which is why we ensure a seamless process that helps you secure the financing you need without unnecessary delays.
- 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
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 counties and nearby locations around Nashua:
- Downtown Nashua
- South Nashua
- North Nashua
- West Hollis
- East Hollis
- Broad Street Parkway
- Milford Road Area
Why Use a Hard Money Loan
- If you need funding fast. A bank’s loan process can take months, leaving you stuck in limbo. With West Forest Capital, you don’t have to wait. We offer same-day approvals and can provide funding within 3-5 days. In urgent cases, we can even close the loan in just one day, ensuring you get the capital you need when time is of the essence.
- If the property isn’t stabilized. If your property needs work or lacks proper documentation, traditional banks might deny your application. West Forest Capital provides financing for properties that banks won’t fund, whether it’s because they need repairs, lack a Certificate of Occupancy, or have no rental history. We’re here to support your investment, no matter the property condition.
- If you have poor credit. West Forest Capital knows that a credit score doesn’t always reflect your financial potential. Instead of focusing on FICO scores or debt-to-income ratios, we consider the property’s value when deciding on a loan. This allows us to offer financing to those who might struggle with traditional lending.
- If you don’t want to take a loan in your personal name. Traditional banks often demand that loans be made to individuals who own the property. However, if you prefer to own the property through an LLC or have too many assets for personal financing, West Forest Capital’s hard money loans offer the flexibility to finance the property as needed.
Why Choose a Nashua Hard Money Lender
As your capital partner in Nashua, we understand the local market and the city’s appeal as a prime investment location. Nashua’s vibrant downtown, its excellent school system, and its close proximity to Massachusetts make it an increasingly popular choice for real estate investment. The surrounding areas of Hudson and Merrimack are also experiencing growth, further bolstering the region’s potential for residential and commercial properties. Nashua’s thriving economy, cultural amenities, and established infrastructure make it an ideal place for investment. If you are looking to invest in Nashua or nearby areas, we offer quick and flexible hard money financing to help you make the most of the opportunities in this thriving market, where demand is steadily increasing.
With its thriving economy and expanding real estate market, Nashua offers fantastic investment potential. Whether you’re financing residential or commercial properties, we provide fast hard money loans to help you succeed. Take advantage of the growing market in Nashua with our reliable financing solutions.
Financing your Concord Investment Property
Nashua is benefiting from the strong economic growth across New Hampshire, attracting both homebuyers and renters. The city’s population continues to rise, thanks in part to its proximity to Boston, offering a more affordable and spacious living option. With a thriving economy and plentiful recreational activities, Nashua is an ideal place for real estate investment and growth.
For real estate investors in Nashua, New Hampshire’s tax structure offers significant financial benefits. The absence of state income and sales taxes increases profit potential, as more funds can be directed toward property improvements and investments. Additionally, the lack of sales tax allows renters in Nashua to allocate more of their budgets toward rent, benefiting property owners.
Asset-backed Lender Focused on Customized Solutions
For real estate investors in Nashua, West Forest Capital offers tailored financing options based on the property’s value. We understand the local market, and our loans provide the flexibility you need to expand your portfolio. In some cases, we’ve been able to finance 100% of both the purchase price and rehab costs, enabling you to invest with fewer restrictions.
Our three-year hard money loan is the longest term available, giving investors ample time to stabilize and manage properties before pursuing long-term financing. This flexible option offers a smooth transition from hard money to more traditional loan structures.
Call us today to receive a preliminary loan offer directly over the phone. We’re excited to assist you in securing funding for your real estate ventures in Nashua.
Hard Money Lender Nashua: Frequently Asked Questions
What are hard money lenders?
Hard money lenders are non-bank lenders who offer short-term, asset-based loans, focusing primarily on the property’s value rather than the borrower’s creditworthiness. The loan process is much quicker compared to traditional banks, with approvals and funding often happening within a week. This speed is beneficial for investors needing fast financing for time-sensitive deals such as auctions. With fewer restrictions and quicker funding, hard money lenders are an ideal resource for those in need of immediate capital.
For those with poor credit, hard money loans provide an opportunity to secure funding when traditional banks might decline the application. These lenders also finance properties that banks won’t, such as those missing necessary permits or those in need of substantial repairs. Hard money loans are also commonly used for refinancing or cashing out on an existing property, offering investors more flexibility and easier access to capital when needed.
How Do Hard Money Loans Work?
For real estate investors in Nashua, hard money loans provide a fast and reliable financing option, ideal for purchasing and renovating properties. These loans come with higher interest rates, typically between 10 and 12%, with 2 points charged at closing. The loan term is usually 1 to 2 years, and the funds are typically split into two parts:
- Funds for the purchase, generally covering 70 to 85% of the property’s price, and
- Funds for rehab, which may cover up to 100% of renovation costs if necessary.
For real estate investors in Nashua, hard money loans provide a flexible solution for funding property purchases and renovations. When rehab is required, funds are distributed in arrears, with the borrower receiving portions of the loan as work is completed. For instance, if $50,000 is set aside for rehab, the borrower would finish $15,000 worth of work before requesting $15,000 from the lender, repeating this until the rehab is finished. These loans are commonly used for bridge loans, flip loans, and commercial real estate investments, with the total loan amount (purchase and rehab) capped at 65% of the property’s after-repair-value (ARV), ensuring a profitable return on investment in competitive markets like Nashua.
What do hard money lenders look for?
For hard money lenders, the primary focus is on the property’s potential for value and the borrower’s ability to repay the loan. Since hard money loans are considered commercial, they are issued to LLCs rather than individuals, but setting up an LLC is a simple process. The lender will review both the purchase price and after-repair value (ARV) to ensure that the investment has adequate equity to cover the loan.
If the loan is intended for rehab purposes, the lender will ensure that the renovation work is being done as planned and on schedule. They will want to see that the repairs are contributing to the property’s ARV and that the project is on track to complete within the allocated budget and timeframe.
A clean title is non-negotiable for a hard money loan. Any liens or judgments on the property or the LLC must be cleared before the loan can be processed. The lender aims to ensure the investment is profitable for the borrower, with enough room left in the deal to cover all costs and still yield a reasonable profit, allowing the loan to be repaid in full.
What is hard money used for?
Hard money loans are frequently used in the following situations:
- To purchase and repair a property that a traditional bank won’t lend on due to the condition of the property or the borrower’s credit, with the intention to sell it to a retail buyer. This process is typically known as a “fix and flip.”
- To buy and renovate a property that banks won’t finance, then rent it out. After the property is stabilized, it can be refinanced at a lower rate with a traditional bank.
- To close on a real estate purchase quickly, especially when time is of the essence, such as in foreclosure auctions, where banks could take weeks or months to fund the loan.
- To access fast cash-out refinancing by using an already-owned property as collateral.
- To refinance a mortgage that is about to mature, ensuring financial flexibility.
- To buy out a partner or family member, and later refinance the property with long-term financing once full ownership is obtained.