Hard Money Lender in Hempstead
Rates Starting at 10%
In the fast-moving Long Island real estate market, West Forest Capital is the hard money lender investors trust. We provide quick access to capital—up to $3 million—so you never miss out on a great opportunity. Our reputation is built on fast closings and consistent reliability across Long Island.
- No brokers—we lend directly to our clients
- Receive pre-approval on the same day of inquiry
- Close in just 3 to 5 days, with next-day funding in urgent scenarios
- Large loan capacity—up to $5 million available
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 |
Counties Covered
West Forest Capital lends in the following counties in Long Island:
Recently Funded Hard Money Loans in Long Island
Jersey City, NJ
Newark, NJ
Elizabeth, NJ
Why Use a Hard Money Loan
- If you need funding fast.
When speed is critical, banks just don’t move fast enough. West Forest Capital streamlines the process by providing hard money approvals on the same day. Once approved, we aim to close in 3 to 5 days, or even faster—within 24 hours—when time is of the essence. - If the property isn’t stabilized.
Tackling properties that need significant repairs or are mid-renovation is a challenge for traditional lenders. We embrace those situations. West Forest Capital funds properties that lack a CO, are unoccupied, or haven’t yet generated income—because we believe in the potential, not just the present condition. - If you have poor credit.
Credit history is only one piece of the puzzle. At West Forest Capital, we make decisions based on property value, equity, and investment potential. If your credit isn’t ideal but the deal makes sense, we’re ready to help fund it. - If you don’t want to take a loan in your personal name.
Some investors prefer to separate their business and personal assets for tax or liability reasons. West Forest Capital understands that—and structures loans to accommodate LLCs and trusts, so your property isn’t tied to your individual name.
Why Choose A Hempstead Hard Money Lender
We proudly serve as a hard money lender in Hempstead and the broader Long Island region. We appreciate Hempstead’s broad inventory—from multifamily rentals to infill development sites—and understand the underwriting nuances needed here. No explanation necessary about Hempstead’s mix of investors and rehab opportunity—we’ve worked the data and know where the value lies. If you need fast capital to fund a rental property or rehab project, we’re local and ready to help you close quickly.
But our reach stretches beyond Hempstead. From Nassau’s residential districts to the hamlets of Suffolk, West Forest Capital delivers seasoned expertise, ample capital, and a reputation for speed—wherever your next project is located.
Financing your Hempstead, Long Island Investment Property
Hempstead stands out as a major commuter center, but also supports a strong local economy supported by retail, industry, and tourism. Since COVID, real estate has boomed here, driven by families prioritizing suburban living.
Chasing a fast hard money loan shouldn’t feel like wandering through a maze. We’re a lean partnership—no layers of bureaucracy. That means you’ll get a decision the same day, often right when you call. Dial 212‑537‑5833 and speak immediately with the loan decision-makers.
Asset-backed Lender Focused on Customized Solutions
The East End of Long Island, including areas like Southampton and East Hampton, is a unique market filled with high-value fix and flip opportunities. At West Forest Capital, we’ve developed hard money lending programs that reflect the nuances of these premium zip codes. Because we lend based on asset value, we’ve financed many transactions where our clients received more than 100% of the combined purchase price and construction budget.
Additionally, our 3-year loan term—the longest in the hard money industry—gives investors in seasonal or luxury markets the extra time they need to make informed, strategic decisions.
Let us help you fund your next Hamptons investment. Call now or apply online today.
Hard Money Lender in Hempstead: Frequently Asked Questions
What are hard money lenders?
West Forest Capital offers hard money financing—private, asset-backed loans secured by real estate, not personal credit. Our underwriting prioritizes the value of the asset, analyzing both purchase price and projected after-repair value (ARV). This allows us to fund loans quickly—often within five days—circumventing the prolonged timelines that banks enforce.
Investors seek us out when they need fast capital, flexible underwriting, or financing for properties that banks won’t support—such as those lacking a Certificate of Occupancy. We also work with clients who are recovering financially or need to refinance quickly. Our team regularly aids investors closing auction purchases or completing rapid flip deals.
These are commercial loans, and as such, we only lend to LLCs. Establishing an LLC is straightforward, even for solo investors. Beyond the legal entity, we require a clear title and a comprehensive review of your project plan, including any rehab phases.
For seasoned real estate investors, especially when timing is essential, a hard money loan from West Forest Capital can be the decisive advantage that keeps your deal on track.
How Do Hard Money Loans Work?
Due to the speed and simplicity involved in securing a hard money loan compared to a traditional bank mortgage, the tradeoff is typically a higher interest rate. These rates usually range between 9% and 12%, and borrowers can also expect to pay 1 to 3 points at the loan’s closing. Loan terms are generally short, usually for one or two years.
Our hard money loans are often divided into two segments: (1) funds for acquiring the property, generally between 70% and 85% of the purchase price, and (2) additional financing for rehab work needed to modernize or enhance the property. At West Forest Capital, we frequently finance the entire rehab amount when necessary.
If no rehab is required, that portion is excluded from the loan. However, when renovations are needed, the funds are disbursed after each phase is completed. For instance, if a total of $50,000 is required for rehab, a borrower might finish $15,000 worth of work and receive that amount reimbursed before proceeding to the next phase. These disbursements continue until the full budget is reached. The full loan, including both parts, will generally be capped at 65% of the property’s projected after-repair value (ARV).
What do hard money lenders look for?
At West Forest Capital, every loan is underwritten with a single focus: helping you secure a smart, profitable real estate deal while safeguarding the financial framework of the transaction.
Hard money loans are, by nature, commercial loans, which means they’re only available to LLCs. We do not lend to individuals. If you’re not yet operating under an LLC, there’s no cause for concern—it’s quick to establish a single-member LLC, and our team is ready to assist you through that setup.
We base our evaluation on two main figures: the purchase price and the after-repair value (ARV) of the property. The acquisition price should be below or at market value to leave enough margin for a successful project. If your loan includes renovation costs, we’ll thoroughly review the construction budget and proposed timeline to confirm that they align with the projected ARV.
Before closing can take place, a clear title is required. This means all liens or legal judgments related to the property or your LLC must be cleared. While we’re open-minded and flexible throughout the lending process, we do need to verify that your exit strategy and repayment plan are feasible.
Our aim is to fund investments that have strong financial upside—where ARV will cover every aspect of the project: acquisition, rehab, interest, closing costs, and still offer meaningful profit. If the numbers work, we’re positioned to fund quickly and support your transaction with confidence.
What is hard money used for?
Properties in Hempstead often qualify for hard money loans when the following needs arise:
- To acquire and fix up real estate in Hempstead that traditional banks won’t lend on due to either the building’s disrepair or the applicant’s credit history—with the aim of flipping the property for profit.
- To purchase and rehabilitate a Hempstead rental property that’s not eligible for bank funding. Once leased and producing stable revenue, the asset is considered “stabilized” and may be refinanced through conventional means.
- To meet strict timelines on Hempstead property acquisitions, such as foreclosure or auction sales. Banks typically can’t meet such deadlines, but hard money lenders can often close within a few business days.
- To tap into the equity of a Hempstead property already owned via a fast cash-out refinance, using the property itself as security.
- To quickly refinance an existing loan tied to a Hempstead property that is coming due, helping avoid balloon payments or foreclosure threats.
- To cover urgent construction costs or rehab needs on a Hempstead property when traditional funding isn’t feasible.
- To purchase a Hempstead-based asset in an LLC’s name when conventional lenders will only fund personal purchases.