Hard Money Lender in Commack, NY
Rates Starting at 10%
West Forest Capital is your reliable hard money lender in Commack, NY, providing up to $3 million in fast funding for real estate projects. With quick approvals and dependable service, we ensure you can close deals swiftly in Commack’s active property market.
- All loans are funded directly by us, with no brokers.
- Pre-approvals are issued the same day you apply.
- Closing typically takes 3 to 5 business days, with 24-hour funding for urgent situations.
- We can fund up to $5 million when necessary.
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 areas in Commack, NY:
- Commack
- East Northport
- Elwood
- Dix Hills
- Kings Park
- Hauppauge
- Northport
- Fort Salonga
- Brentwood (bordering area)
Hard Money Loans in Ithaca - Areas We Serve
Why Use a Hard Money Loan
If you need funding fast.
In real estate, acting quickly can make or break a deal. While traditional banks take their time, West Forest Capital offers rapid funding solutions. With same-day loan approvals and the ability to fund within 3 to 5 days or even 24 hours, you can be confident that you won’t miss an opportunity while waiting for traditional lenders.If the property isn’t stabilized.
Properties that need extensive renovations, lack proper documentation, or are simply vacant often get rejected by traditional lenders. At West Forest Capital, we specialize in providing funding for properties that require work or come with issues banks may not want to deal with. We can help you finance these types of investments, providing the resources you need to move forward with your project.If you have poor credit.
FICO scores don’t always give a full picture of an investor’s ability to succeed. At West Forest Capital, we look beyond your credit history and focus on the investment itself. If the property shows promise, we’re happy to help clients who may have had past credit issues. We believe the right property can overcome past financial struggles, and we’re here to support you in your investment journey.If you don’t want to take a loan in your personal name.
Many real estate investors use LLCs or corporations to limit personal liability and manage their investments. West Forest Capital offers financing for business entities, offering more flexibility than banks that usually require personal guarantees.
Why Choose A Commack, NY Hard Money Lender
As a hard money lender in Commack, NY, West Forest Capital covers all of Suffolk County and the eastern portion of Long Island. Our team understands Commack’s real estate market, from rental properties to up-and-coming investment areas. Whether you’re focused on a multifamily conversion or a single-family rehab, we can provide fast, responsive funding for your project. You don’t need to explain the demand for property rehabilitation—we’re already familiar with the trends.
West Forest Capital goes beyond Commack. From Nassau County’s well-connected suburbs to Montauk’s seasonal investments, we offer the right combination of capital, expertise, and speed to fund deals efficiently wherever your opportunity arises.
Financing your Commack, NY Investment Property
Commack, NY, is a well-established community that offers a range of real estate opportunities. From upscale homes to multifamily developments, Commack has seen an increase in price appreciation post-COVID, as more buyers seek the benefits of suburban living. The area’s prime location and strong local economy make it an attractive destination for real estate investors.
At West Forest Capital, we pride ourselves on providing fast and flexible hard money loans. We cut through the red tape, offering quick lending decisions often during your first conversation. Call 212‑537‑5833 to speak directly with our decision-makers and secure the funding you need without the wait.
Asset-backed Lender Focused on Customized Solutions
At West Forest Capital, our team has an in-depth understanding of the Commack, NY investment market, enabling us to provide tailored and creative hard money loan options. We base our financing decisions on the current and future value of the property, rather than relying on rigid underwriting guidelines. This has allowed us to finance more than 100% of the acquisition and rehab costs on many properties in Commack, NY, ensuring investors have the funds they need to succeed.
We also offer a standout 3-year loan term, the longest available for hard money loans. This extended term is perfect for investors who want to take the time needed to stabilize or reposition their properties before selling or refinancing.
Reach out to us today or submit your online application to get started with your Commack, NY investment financing.
Hard Money Lender in Commack, NY: Frequently Asked Questions
What are Hard Money Lenders?
West Forest Capital functions as a trusted hard money lender, offering private loans for real estate investments that focus on the asset rather than the borrower’s credit score. We base our loan decisions on the property’s purchase price and its after-repair value (ARV), enabling us to provide funding in as little as five days, far faster than banks.
We’re the preferred lender for investors who need fast action, flexible terms, or funding for properties that banks won’t finance, such as those requiring major repairs or without a Certificate of Occupancy. We also work with investors rebuilding credit or seeking refinancing under tight deadlines. Auction purchases and quick-turn flips are also part of the services we offer.
Because our loans are commercial, we extend funding only to LLCs. Forming an LLC is quick and straightforward, even for individual investors. In addition to the LLC structure, we verify a clean title and review your project scope, including detailed rehab schedules if necessary.
For investors seeking fast, flexible funding in time-sensitive situations, West Forest Capital offers the ideal solution to keep your deal on track.
How Do Hard Money Loans Work?
Hard money loans are designed to be quick and flexible, providing a faster way to access financing compared to traditional bank loans. However, this speed comes with higher costs. Interest rates typically fall between 9% and 12%, and borrowers should expect to pay 1 to 3 points in fees at closing. These loans are generally short-term, often ranging from one to two years.
Our hard money loans generally consist of two components: (1) a purchase loan that covers 70% to 85% of the property’s acquisition cost, and (2) a rehab loan that finances the necessary renovations. At West Forest Capital, we often fund the full rehab budget for properties that require substantial work.
When no rehab work is required, the rehab portion is excluded. For properties requiring renovations, funds are disbursed in stages after portions of the work are completed. For example, on a $50,000 renovation, the borrower can receive reimbursement for the first $15,000 worth of work completed, with further disbursements made as the renovation continues. The total loan amount, including both purchase and rehab, is capped at 65% of the projected after-repair value (ARV).
What do hard money lenders look for?
At West Forest Capital, our approach is centered on supporting your real estate investment journey while ensuring that the transaction remains financially secure and viable. We provide tailored hard money loans that help investors achieve their goals with confidence.
We lend exclusively to LLCs, not individual borrowers, as our loans are structured as commercial products. If you have not yet established an LLC, do not worry as it is easy to set up a single-member LLC, and we are here to help you through the process.
Our loan evaluation revolves around two main financial factors: the property’s purchase price and its anticipated after-repair value (ARV). For maximum profitability, the purchase price should be at or below market value. If you need renovation funding, we carefully review the proposed repair budget and timeline to ensure they align with the expected ARV.
Before closing, we require a clean and marketable title. Any existing liens, claims, or judgments against the property or LLC must be cleared. While we are flexible in many areas, we require a solid repayment plan and financial structure.
We focus on funding deals that demonstrate real potential, deals where the numbers clearly support a profitable outcome after accounting for purchase costs, rehab expenses, loan interest, and closing fees. When everything aligns, we move quickly and help you close with confidence.
What is hard money used for?
When it comes to properties in Commack, NY, hard money loans are often employed in the following scenarios:
- To buy and renovate a property in Commack, NY that a traditional bank would decline due to its condition or the borrower’s financial history, with plans to sell it for a profit. This is the classic “fix and flip” investment approach.
- To acquire and renovate a Commack, NY property that is not eligible for traditional financing, with plans to rent it out. Once it’s generating rental income, the property may qualify for refinancing through traditional channels.
- To secure a property in Commack, NY quickly, especially in time-sensitive situations such as bidding on foreclosures or off-market opportunities. Banks might take months, but hard money lenders can close deals within a week.
- To access capital quickly through a cash-out refinance using an existing Commack, NY property as collateral.
- To refinance an upcoming balloon payment or an expiring mortgage tied to a Commack, NY property.
- To finance extensive repairs or renovations for a property in Commack, NY that traditional lenders are unwilling to support.
- To purchase a Commack, NY investment property under an LLC structure, a scenario that many banks would decline to fund.