Hard Money Lender in Port Jefferson, NY
Rates Starting at 10%
West Forest Capital is your trusted hard money lender in Port Jefferson, NY, providing real estate investors with up to $3 million in fast funding. Our quick and reliable service ensures you can take advantage of opportunities in Port Jefferson’s competitive market.
- Loans are fully funded by us, eliminating the need for outside brokers.
- Pre-approvals are granted on the same day of your application.
- Typical closings take 3 to 5 business days, and urgent funding can be provided within 24 hours.
- We can finance deals up to $5 million if required.
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 Port Jefferson, NY:
- Port Jefferson
- Port Jefferson Station
- Setauket
- Stony Brook
- East Setauket
- Mount Sinai
- Miller Place
- Terryville
- Nesconset
- Lake Grove
Quogue, Long Island, New York
- Location:Quogue, Long Island, NY
- Purchase Price:$3,675,000
- Rehab Budget:$2,200,000
- Loan Amount:$3,200,000
- ARV:$8,950,000
- Exit Strategy:Sale
- Investor Capital:$1,675,000
- Equity Created:$3,275,000
- Investor Return on Capital:204%
- Details
Our client obtained a Long Island hard money loan in the Hamptons (Quogue) to refinance an existing construction loan and allow for additional capital to finish the project. This is an expansive 7,000+ square foot home located on a waterfront lot and is expected to have high end finishes. At the time the loan was made, the as-is value was appraised at $6.6m, with an as-complete value appraisal of nearly $9m.
Dix Hills, New York
- Location:Dix Hills, NY
- Purchase Price:$999,000
- Rehab Budget:$92,000
- Loan Amount:$867,000
- ARV:$1,355,000
- Exit Strategy:Sale
- Investor Capital:$224,000
- Equity Created:$264,000
- Investor Return on Capital:118%
- Details
This loan was originated to finance a cosmetic fix and flip. This is a large 4,300 sqft foot home located in a high demand area of Dix Hills. The home was purchased significantly under market value, with instant equity created day one. The rehab will include interior painting, updating the kitchen (including appliance upgrades), bathrooms, and some exterior clean up.1. This loan was originated to finance a cosmetic fix and flip. This is a large 4,300 sqft foot home located in a high demand area of Dix Hills. The home was purchased significantly under market value, with instant equity created day one. The rehab will include interior painting, updating the kitchen (including appliance upgrades), bathrooms, and some exterior clean up.
Staten Island, New York
- Location: Staten Island, NY
- Purchase Price:$600,000
- Rehab Budget:$60,000
- Loan Amount:$450,000
- After Repair Value:$1,125,000
- Exit Strategy:Sale
- Investor Capital:$210,000
- Equity Created:$180,000
- Investor Return on Capital:86%
- Details
This property was purchased under market value for $600,000. In addition to funding the majority of the purchase price, 100% of the rehab budget was also provided to the borrower. Within just 3 months, the property was listed on the market, and ultimately sold shortly thereafter. After a smooth process all around, our client has become a repeat borrower, continuing to focus on the Staten Island market.
Why Use a Hard Money Loan
- If you need funding fast.
In today’s fast-paced real estate world, traditional lenders can’t always keep up with the demand for quick decisions. At West Forest Capital, we provide same-day loan approvals to help you secure the funding you need quickly. We can fund your deal within 3 to 5 days, or in as little as 24 hours if needed, ensuring that you don’t miss out on valuable opportunities. - If the property isn’t stabilized.
Properties that need extensive work or lack proper documentation often don’t qualify for traditional bank loans. Whether the property is vacant, in need of repairs, or missing key certificates, traditional lenders often turn down these deals. At West Forest Capital, we understand the challenges involved and offer tailored financing solutions to help you move forward with these complex investments. - If you have poor credit.
We understand that credit scores can be misleading when evaluating an investor’s potential. At West Forest Capital, we focus more on the value of the property and its investment prospects. If the property shows promise, we are happy to move forward with you. Previous credit issues won’t prevent us from helping you achieve your investment goals. - If you don’t want to take a loan in your personal name.
Using LLCs or corporations to protect personal assets is a common strategy for real estate investors. West Forest Capital offers loans designed for business entities, ensuring that your personal liability is minimized. Unlike banks, we don’t require personal guarantees, giving you greater freedom in your investments.
Why Choose A Port Jefferson, NY Hard Money Lender
We are proud to serve as a trusted hard money lender in Port Jefferson, NY, providing reliable financing throughout Suffolk County and the eastern region of Long Island. Our team understands the unique characteristics of Port Jefferson’s real estate market, from its bustling harbor area to residential neighborhoods with strong investment appeal. Whether you are working on a waterfront renovation, a rental property upgrade, or a residential reconstruction, we understand the local environment and offer fast, responsive funding. When speed matters, we are local and able to take immediate action.
West Forest Capital also extends its expertise beyond Port Jefferson, NY. From the suburban communities in Nassau County to the coastal investment opportunities stretching to Montauk, we offer the experience, funding power, and efficiency needed to close deals wherever they emerge.
Financing your Port Jefferson, NY Investment Property
Port Jefferson, NY, is a distinctive waterfront community with a strong and growing real estate market. With scenic harbor views, vibrant village amenities, and a wide range of residential and commercial developments, the area attracts buyers and investors seeking both lifestyle and long-term value. The post-COVID preference for suburban and coastal environments has contributed to rising demand, giving Port Jefferson, NY a noticeable boost in property appreciation. Investors continue to find compelling opportunities in both established neighborhoods and newer redevelopment zones.
Securing financing for your investment should not involve long wait times or complicated processes. At West Forest Capital, we streamline the experience, acting as a committed partner in your real estate endeavors. Our decisions are made quickly, often during your very first conversation with our team. Call 212‑537‑5833 today to speak with the decision-makers and move your funding forward without delay.
Asset-backed Lender Focused on Customized Solutions
At West Forest Capital, our team has a deep understanding of the Port Jefferson, NY real estate market, which allows us to provide investors with flexible and innovative hard money loan options. Rather than relying on rigid underwriting rules, we focus on the current and future value of the property to determine funding. This approach has enabled us to fund many projects in Port Jefferson, NY, covering more than 100% of both the acquisition and renovation costs, helping investors unlock the full potential of their properties.
One of the unique advantages we offer is a 3-year loan term, the longest available for hard money loans. This extended term is especially useful for investors who need additional time to stabilize or reposition a property before selling or refinancing, ensuring the best possible returns. With this longer timeline, you can manage your investments more effectively and optimize your strategy.
Call us today or apply online to begin securing the financing you need for your Port Jefferson, NY investment property.
Hard Money Lender in Port Jefferson, NY: Frequently Asked Questions
What are hard money lenders?
West Forest Capital is a hard money lender that offers private, asset-based loans for real estate investors. Rather than relying on your FICO score, we assess each project based on its current purchase price and the anticipated after-repair value (ARV), focusing on the asset’s potential rather than the borrower’s credit. This flexible approach allows us to fund your investment quickly, often within five days or less, providing a much faster option than traditional banks.
We specialize in supporting investors who need quick, flexible financing, particularly for properties that banks may decline. These could include properties lacking a Certificate of Occupancy, those that need major repairs, or other challenging investment opportunities. Additionally, we help clients looking to rebuild credit profiles or those seeking refinancing on tight deadlines. As private money lenders, we also frequently assist with funding auction purchases and fast-turnaround flips.
Because hard money loans are commercial in nature, we extend funding exclusively to LLCs. Setting up an LLC is simple and can be done quickly, even for individual investors. We also verify that the property title is clean and assess the full scope of the project, including any rehab timelines.
For investors who need fast funding and flexibility, West Forest Capital offers the speed and support to keep your deal on track and moving forward.
How Do Hard Money Loans Work?
Hard money loans are ideal for real estate investors who need quick funding for their projects, bypassing the slow and often bureaucratic approval processes of traditional banks. While this expedited process comes with higher interest rates, usually ranging from 9% to 12%, it offers a clear advantage for those needing fast access to capital. Closing fees are typically between 1 to 3 points, and these loans are generally short-term, structured for one to two years.
Hard money loans generally consist of two components: (1) a purchase loan, which covers approximately 70% to 85% of the property’s acquisition cost, and (2) a rehab loan to cover necessary repairs and improvements. At West Forest Capital, we frequently fund the entire rehab budget when substantial renovations are required to bring the property up to market standards.
If the property does not need any repairs, we exclude the rehab portion from the loan. For properties that do need renovations, funds are distributed as work progresses. For example, if $50,000 is allocated for the renovation, $15,000 may be disbursed after completing the first phase of work. The total loan amount, covering both purchase and rehab costs, is generally limited to 65% of the after-repair value (ARV).
What do hard money lenders look for?
At West Forest Capital, our goal is to support you in your real estate investment endeavors by ensuring that each transaction is financially sound and secure. We offer tailored hard money loans to meet your unique needs, allowing you to achieve your investment goals while preserving the integrity of every deal.
As commercial lenders, we only provide funding to LLCs, not individuals. If you haven’t yet set up an LLC, don’t worry as forming a single-member LLC is a straightforward process, and we are happy to walk you through it every step of the way.
We evaluate loans based on two key financial factors: the purchase price and the anticipated after-repair value (ARV) of the property. For maximum profitability, we recommend purchasing properties at or below market value. When requesting renovation funds, we will carefully review your repair budget and timeline to ensure they align with your projected ARV.
Before closing, we require a clean and marketable title. Any liens, claims, or judgments that affect the property or your LLC must be resolved prior to funding. While we are flexible in many areas, we do require a well-defined repayment plan and strong financial structure.
We specialize in funding deals with high potential, those where the numbers clearly show profitability after considering all costs, including the purchase price, renovation expenses, loan interest, and closing fees. Once the financials are verified, we move quickly to help you close with confidence.
What is hard money used for?
In Port Jefferson, NY, hard money loans are often used in the following ways:
- To purchase and renovate a property in Port Jefferson, NY that a traditional bank would likely reject due to its condition or the borrower’s financial history, with the goal of selling it for a profit. This is a standard “fix and flip” strategy that allows investors to turn distressed properties into profitable assets.
- To acquire and renovate a property in Port Jefferson, NY that traditional banks might not finance, with plans to rent the property out. Once the property is occupied and generating rental income, it could be refinanced with a conventional loan.
- To secure ownership of a property in Port Jefferson, NY when time is critical, such as during a foreclosure auction or off-market opportunity. While banks may take months to process a deal, a hard money lender can close it in under a week, allowing you to act quickly.
- To access quick capital through a cash-out refinance by using an existing property in Port Jefferson, NY as collateral.
- To refinance a mortgage or balloon payment due on a property in Port Jefferson, NY, providing you with the financial flexibility needed to keep your investment on track.
- To finance extensive repairs or improvements for a property in Port Jefferson, NY that traditional lenders may be unwilling to fund due to the property’s condition.
- To purchase a property in Port Jefferson, NY through an LLC, a situation where many banks would decline to approve the loan, but one that is ideal for real estate investors.