Fix and Flip Loans Framingham

Rates Starting at 10%

West Forest Capital is a Framingham fix and flip lender, financing real estate investments up to $5 million. We have gained a reputation as the fastest fix and flip lender in Framingham because we know how critical each day is in Framingham’s competitive real estate market.

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

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(Investment Properties Only)

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Property Types

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

Neighborhoods Covered

West Forest Capital lends in the following neighborhoods in Framingham:

Saxonville
Framingham Center
Coburnville
Golden Triangle

Recently Funded Fix and Flip Loans

Medway, MA

Location: Medway, MA
Original Purchase: $225,000
Current Value: $290,000
Loan Amount: $200,000
Exit Strategy: Refinance
Investor Capital: $25,000
Equity Created: $65,000
Investor Return on Capital: 160%

This Massachusetts hard money loan was a cash-out refi, the proceeds of which were used by our client to build out ancillary commercial space that is owned by our client in the same building. The subject property, a residential condo, was purchased for $225,000 and appreciated to $290,000. Utilizing a hard money loan in Medway, MA we were able to provide a cash-out $200,000 loan at 78% LTV by including the commercial space as additional collateral. The borrower was able to pull the vast majority of his investment out of the property, leaving only $25,000 in the deal, and generating a 160% return. Our loan was later refinanced by a traditional bank.

Dedham, MA

Location: Dedham, MA
Purchase Price: $412,000
Rehab Budget: $47,000
Loan Amount: $288,400 at Closing + $47,000 Rehab = $335,400
ARV: $565,000
Exit Strategy: Sale
Investor Capital: $123,600
Equity Created: $106,000
Investor Return on Capital: 86%

This Boston area hard money loan was used to fix and flip a single-family house. The home was purchased after several rounds of negotiations and needed a new kitchen, bathrooms, and various cosmetic touch-ups. We provided 70% of the purchase price and 100% of the rehab costs. Our client, who had completed two other flips in the previous three years, was able to move through the project quickly. Within 4 months the entire rehab had been completed and the property was listed for sale. Demand was strong, and the property went into contact within three weeks of the listing date. Two months later, the property was sold and our loan repaid.

Boston, MA

Location: Boston, MA
Purchase Price: $1,370,000
Rehab Budget: Not required
Loan Amount: $890,500
Exit Strategy: Refinance
Investor Capital: $479,500
Equity Created: $150,000
Investor Return on Capital: 31.3%

This hard money loan was made to a foreign national purchasing a two-bedroom condo in the Back Bay neighborhood. With a light credit history and no US income, our client was not eligible for a traditional bank loan for this investment property. However, the client was able to put down a 35% down payment, and we utilized a Boston hard money loan to fund the remaining 65%. This loan also included a 6-month interest reserve. The property needed no rehab and was quickly rented out. After demonstrating 9 months of rental history, our client was able to refinance our loan into a long-term fixed DSCR loan.

Why Use a Fix and Flip Loan

If You Need Rapid Funding: Unlike traditional banks that may take months to process your loan application, West Forest Capital offers same-day approval for fix and flip loans, with funding available in just 3-5 days. In urgent cases, we can even provide funding within 24 hours.
Because the Property Requires Renovation: Traditional banks often shy away from financing properties that need rehab, lack a Certificate of Occupancy (CO), or have other issues. West Forest Capital specializes in funding fix and flip loans for properties that do not meet standard banking criteria.
If You Have Less-Than-Perfect Credit: At West Forest Capital, we understand that situations come up in life that might impact credit. That’s why we focus on the property’s value rather than your credit score when underwriting the loan.
It’s Investment Real Estate: Typically, banks require loans to be made to individuals. But you are purchasing the fix and flip as an investment and it should be treated as such by being in an LLC. This way, you get all of the benefits of owning an LLC, and the loan is structured as a business-purpose loan to your LLC.

Why Choose Us For Your Massachusetts Fix and Flip Loans

We love helping real estate investors who are doing fix and flip projects in Framingham, and we take pride in being a local Framingham fix and flip lender. We understand the permit requirements and building regulations in the town and surrounding suburbs. We can also review your construction budget, provide feedback, and help structure your fix and flip loan. With an office in Massachusetts, we know the local contractors and have experience dealing with city inspectors. With us, you will get a full-service dedicated hard money lender that provides individualized consideration for you and your property.

Financing Your Framingham Investment Property

Framingham is an excellent market to flip homes. The demand is there, and the housing stock is also available to be improved. Furthermore, the spread between the purchase price and rehab cost is attractive. At the same time, this environment creates a competitive market and many real estate investors are looking to do fix and flip projects in Framingham. Our team at West Forest Capital is ready to not only help you stand out to the seller by committing cash-equivalent capital but will also make sure your fix and flip goes smoothly.

Asset-backed Lender Focused on Customized Solutions

We are guided by the current “as-is” market value, the renovation costs, and the “after-repaired value.” We are easy to work with and typically provide a large amount of the purchase price and 100% of the rehab costs. We are also flexible: if you do the construction out of order from your original schedule, or have a budget overrun, we will work with you to make sure your fix and flip in Framingham is successful

West Forest Capital also offers the longest fix and flip loan available on the market (2 years), which is a great option for those projects that may take a bit more time.

Call us today and let’s talk about your loan scenario. Most likely, we will be able to fund you.

Borrower interview

Interview with our client, Joscan, in New Jersey

Joscan “Jay” Garcia is a realtor and real estate investor. He joined us for a discussion to dive into his business and strategies.

Read Interview

Frequently Asked Questions

What are fix and flip lenders?

West Forest Capital is a top choice for fix and flip financing, specializing in asset-based lending that emphasizes the property’s value rather than the borrower’s credit score. Unlike conventional banks, we provide quick and dependable funding, with approvals and disbursements happening in just a few days. Our streamlined process in Framingham is ideal for investors tackling properties that require renovation or lack a Certificate of Occupancy.

How do fix and flip loans work?

Obtaining a fix and flip loan with West Forest Capital is simple and transparent. Interest rates vary between 9% and 12%, with applicable closing fees. Our loans typically cover up to 85% of the property’s purchase price and fully finance the renovation costs, with payments released incrementally as the project progresses. Designed for short-term use, our loans ensure the total financing does not exceed 65% of the property’s after-repair value (ARV).

What do fix and flip lenders look for?

As a private money lender, we cater mainly to LLCs, not individual borrowers. Our approach includes assessing both the purchase price and the after-repair value (ARV) to gauge the strength of the investment. We prioritize essential elements like securing properties at or below market value, adhering to a predetermined rehab plan, and confirming a clean title. Our primary aim is to support your investment success and ensure effective loan repayment.

What is a fix and flip loan used for?

For real estate investors, West Forest Capital’s fix and flip loans are a valuable alternative when traditional banks fall short. These loans offer the speed and adaptability necessary for purchasing and renovating properties to resell or rent, and are ideal for seizing auction opportunities. Additionally, they are well-suited for cash-out refinancing, refinancing existing mortgages, and acquiring properties through an LLC, providing options that conventional banks often don’t offer.

What should I consider before applying for a fix and flip loan in Framingham?

Before you apply for a fix and flip loan, it’s important to evaluate the potential profits of the property and establish a robust renovation plan. At West Forest Capital, we analyze the feasibility and profitability of your project as a private lender. To get the most out of your financing, it’s crucial to understand the loan terms and ensure they correspond with your project’s timeline and budget constraints.

How quickly can I access funds once approved for a fix and flip loan?

Following approval, West Forest Capital offers a fast funding process, ensuring that the necessary funds for your fix and flip project are readily accessible. This prompt availability allows you to move forward with purchasing and renovating your property without any hold-ups. Our efficiency in funding is a key reason why we are a favored lender in the fast-paced real estate industry.