Hard Money Lender in Riverhead
Rates Starting at 10%
West Forest Capital proudly supports Long Island’s real estate investors by providing direct hard money loans up to $3 million. In a market where speed is often the key to success, we’ve earned our reputation as one of the fastest and most dependable lenders on Long Island.
- Direct lender—no third-party broker involvement
- Instant same-day pre-approval to get the ball rolling
- Finalize closings in 3 to 5 days, or faster in emergency situations
- Ability to finance up to $5 million per deal
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 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.
With West Forest Capital, there’s no need to sit through lengthy bank procedures. We provide lightning-fast decisions, with same-day approvals and closings that can happen in under a week. For deals that can’t wait, we’re prepared to fund in 24 hours. - If the property isn’t stabilized.
Whether it’s missing documents or physical improvements, certain properties fall outside the criteria of most lenders. But West Forest Capital steps in with asset-based lending that’s designed for situations involving incomplete properties or unconventional conditions. - If you have poor credit.
We understand that life and business can impact credit scores. That’s why we place more weight on the value of the property than your credit report. As long as the numbers work, we’re open to working with borrowers with less-than-perfect financial profiles. - If you don’t want to take a loan in your personal name.
Owning through an LLC is a smart move for many real estate professionals. Unlike banks that require personal accountability, we allow you to borrow under your business entity—giving you more flexibility and control over how your assets are held.
Why Choose A Riverhead Hard Money Lender
We’re enthusiastic about working in Riverhead, and take pride in being a hard money lender for investors across Long Island. We understand Riverhead’s growing real estate market—from agricultural land redevelopment to mixed-use investment opportunities along the Peconic River. You don’t need to fill us in on the recent downtown revitalization or tourist-driven Airbnb demand—we’re already on top of it. If you’re seeking quick funding for a flip or renovation in Riverhead, we’re local, experienced, and ready to deliver.
And our footprint goes further east. Across Suffolk and Nassau Counties—from Huntington to Montauk—West Forest Capital brings fast, flexible financing and deep market knowledge to meet your investment needs.
Financing your Riverhead, Long Island Investment Property
Riverhead acts as both a commuter avenue and a growing hub for agritourism, businesses, and waterfront attractions. After COVID, real estate prices here have climbed as buyers choose suburban and rural settings.
Dealing with Long Island hard money is often bureaucratic—but we’re the opposite. As partners, we eliminate unnecessary steps. You’ll receive a response the same day, frequently on that very first call. Reach us at 212‑537‑5833 to speak directly with the decision-makers.
Asset-backed Lender Focused on Customized Solutions
For investors in Huntington and nearby Long Island towns, West Forest Capital offers hard money lending solutions built on flexibility and speed. Our local experience allows us to structure creative financing deals where the value of the property—not your credit score—drives approval. We’ve even structured loans that covered more than 100% of the purchase and rehab budget when the numbers made sense.
We also provide one of the few 3-year hard money loans on the market—ideal for clients who need more time to stabilize or improve properties without the pressure of short timelines.
If you’re ready to move forward on a Huntington project, call or apply today—we’re here to help.
Hard Money Lender in Riverhead: Frequently Asked Questions
What are hard money lenders?
At West Forest Capital, we operate as a hard money lender—offering asset-based private real estate loans that don’t rely on your credit score. Instead, we underwrite based on the actual property, examining both purchase price and after-repair value (ARV). This approach allows us to fund projects in as little as five days, while banks typically take much longer.
Investors, including those active in rapid-turnaround markets, partner with us when they require speed, flexibility, or financing for properties beyond bank criteria—those missing Certificates of Occupancy, in need of rehab, or requiring immediate funding. We assist clients rebuilding credit and facilitate refinancing. Additionally, we regularly fund auction acquisitions and expedited flip transactions.
Since these loans are classified as commercial financing, we only lend to LLCs. If you don’t already have one, forming an LLC is easy and achievable by a single owner. We also require a clean title and a thorough review of your full project scope, including renovation timelines.
For any real estate investor who values time and agility, a hard money loan from West Forest Capital delivers the speed and strategic advantage needed to move forward with confidence.
How Do Hard Money Loans Work?
Getting approved for a hard money loan is generally much quicker and less restrictive than applying for a traditional bank mortgage. In exchange for that convenience, borrowers face higher interest rates—typically ranging from 9% to 12%—and must pay between 1 and 3 points in fees at closing. The loan term is typically brief, lasting around one or two years.
Hard money loans we provide usually have two parts: (1) acquisition funding, covering 70% to 85% of the purchase cost, and (2) rehab funding, which covers costs related to updating or improving the property. Our team at West Forest Capital often finances 100% of the rehab budget when applicable.
If the property doesn’t need any improvements, the rehab portion is left out. If repairs are necessary, funding is issued after each segment of the work is finished. So if a $50,000 rehab is needed, the borrower might complete $15,000 worth of work and then receive reimbursement for that amount. This process continues incrementally. Importantly, the overall loan—including both components—will usually not exceed 65% of the property’s after-repair value (ARV).
What do hard money lenders look for?
At West Forest Capital, our mission is to back every loan with sound judgment and a commitment to helping you succeed in the real estate market—while maintaining the structural integrity of the overall deal.
Since hard money loans are considered commercial transactions, we strictly lend to LLCs and not to individuals. However, if you don’t already have an LLC, that’s perfectly okay. Setting up a single-member LLC is fast and straightforward, and our staff is happy to walk you through that process if needed.
When we evaluate your loan application, we concentrate on two main numbers: the purchase price of the property and its expected after-repair value (ARV). A successful investment depends on purchasing at or below the market value. If you are also borrowing to cover rehab costs, we will take a close look at your budget and timeline to ensure they support the projected ARV.
A clean title is necessary before we can fund. Any existing liens, lawsuits, or judgments affecting either the property or the borrowing LLC must be resolved in advance. While we’re flexible in many aspects, we still require clarity regarding how repayment will be achieved.
Our lending strategy targets deals with upside—where ARV not only repays the loan but also covers interest, rehab, acquisition, and closing costs, leaving you with a profitable return. When the numbers make sense, we can act swiftly to get your deal closed with assurance.
What is hard money used for?
When working with properties in Riverhead, hard money loans are often used in these real estate financing situations:
- To purchase and renovate a Riverhead property that banks will not finance due to condition or credit concerns, with the goal of completing a fix-and-flip transaction.
- To acquire and repair a Riverhead property that is not bank-eligible, then convert it into a rental. Once the property generates stable income, it’s seen as “stabilized” and can typically be refinanced.
- To buy Riverhead properties quickly—such as foreclosure sales—where traditional bank processing times are too slow. A hard money loan can typically fund in a week or less.
- To perform a quick cash-out refinance using a Riverhead property the borrower already owns, unlocking capital for other uses.
- To refinance an existing loan against a Riverhead property before it matures and payment is due in full.
- To cover immediate repairs or renovations on Riverhead real estate projects where banks are unwilling to lend.
- To facilitate the purchase of a Riverhead investment property under an LLC name, bypassing bank restrictions on entity lending.