Hard Money Lenders Sarasota County, FL
Rates Starting at 10%
West Forest Capital is a trusted hard money lender in Sarasota County, FL, offering real estate financing up to $3 million. Known for being the fastest lender in the county, we understand the need for quick capital in Sarasota’s competitive real estate market. Our streamlined process allows you to act quickly on investment opportunities, with financing solutions tailored to both residential and commercial projects.
- 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
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 locations in Sarasota County, FL:
- Sarasota County
- Sarasota
- Venice
- North Port
- Englewood
- Osprey
- Nokomis
- Laurel
- South Venice
- Fruitville
- Siesta Key
- Longboat Key
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Jersey City, NJ
Newark, NJ
Elizabeth, NJ
Why Use a Hard Money Loan
If you need funding fast. While banks may take months, West Forest Capital offers same-day approval for hard money loans and funds within 3-5 days. If you’re in a rush, we can even fund in as little as 1 day!
If the property isn’t stabilized. It’s not always about timing; banks won’t approve loans on properties that need repairs or lack essential documentation. Whether it’s a missing Certificate of Occupancy (CO), a rehab project, or a property with a weak rental history, West Forest Capital provides funding when banks can’t.
If you have poor credit. West Forest Capital understands that credit issues can arise from unexpected situations. We focus on the property’s value rather than your FICO score or debt-to-income ratio when considering a loan.
If you don’t want to take a loan in your personal name. Unlike traditional banks, which often require properties to be owned personally, West Forest Capital allows ownership through an LLC or for those who own multiple properties. Hard money loans offer an ideal solution for these situations.
Why Choose A Sarasota County, FL Hard Money Lender
Our goal is simple: to be the best hard money lender in Florida. We specialize in Sarasota County, a prime real estate market offering exceptional investment opportunities in both residential and commercial properties. With a deep understanding of the local market trends, property valuations, and shifting demographics, we are able to provide tailored lending solutions that help investors make the most of the region’s growth.
In Sarasota County, we offer direct hard money financing in areas like Sarasota, Venice, North Port, and Englewood, all of which are experiencing rapid growth and rising property values. Whether you’re looking to invest in luxury homes, vacation rentals, or multi-family properties, we are ready to help you secure the financing needed to succeed. We also provide funding for fix-and-flip projects in neighborhoods such as Osprey, Nokomis, and South Venice, where the market for renovated homes is booming.
Additionally, we lend in other rapidly developing areas like Laurel, Fruitville, and Longboat Key, all of which offer tremendous potential for long-term property appreciation and strong rental yields. These neighborhoods are growing in demand as more people seek to call Sarasota County home, making them ideal locations for real estate investors looking for solid returns.
Financing your Sarasota County, FL Investment Property
Sarasota County, FL, has seen significant economic growth in recent years, attracting a variety of industries and boosting real estate demand. The county’s increasing population and popularity as a tourist destination have led to a rise in both residential and commercial property investments. The growing traffic in Sarasota County, FL and its surrounding areas is a testament to the ongoing real estate expansion, making it an excellent time to invest in the region.
From buying distressed properties to investing in stabilized commercial developments, Sarasota County, FL offers numerous opportunities for real estate investors. West Forest Capital can help you navigate these opportunities with flexible financing solutions that support everything from single-family fix-and-flip projects to larger commercial ventures in this rapidly growing market.
Asset-backed Lender Focused on Customized Solutions
With our knowledge of Sarasota County’s real estate market, West Forest Capital offers creative financing options. We base our loans on the asset’s value, and in some cases, we can fund up to 100% of the purchase price and rehab costs with additional collateral.
We also offer the longest loan term available—up to 3 years—to help you stabilize your property before moving on to permanent financing. This provides flexibility and the time you need to maximize your investment.
Please give us a call to discuss real estate financing opportunities in Sarasota County, FL.
Interview with our client, Mike, in Massachusetts
Listen to our interview with Mike, a software engineer from Massachusetts, who started in real estate to provide himself with some passive income.
Hard Money Lender Sarasota County, FL: Frequently Asked Questions
What are hard money lenders?
Hard money lenders are private, asset-based lenders that provide mortgage loans using criteria that differ from those used by traditional banks. While banks typically focus heavily on the borrower’s complete financial picture, hard money lenders prioritize the underlying property, making the underwriting process much faster. Because of this streamlined approach, loans can often be funded in about a week, which is considerably quicker than the several months commonly required for traditional bank loans.
Real estate investors, particularly those purchasing foreclosures at auctions, often rely on hard money loans because these transactions require rapid and guaranteed closings. Hard money lenders also finance properties that banks consider too complex or risky, such as those without a Certificate of Occupancy. They are also a strong choice for individuals with low credit scores since approval does not hinge on FICO ratings, and these loans can also be used for refinancing or cash-out purposes.
As a trusted hard money lender in Sarasota County, FL, our mission is to help you secure the financing necessary for a wide range of real estate investment projects.
How do hard money loans work?
A Sarasota County, FL hard money loan provides quick access to funding, though interest rates are higher, typically ranging from 10% to 12%, with an additional 2 points at closing. These loans usually last 1 to 2 years and can come in two parts:
- Funds for the purchase, typically cover 70 to 85% of the purchase price.
- Funds for rehab, if necessary, which may cover up to 100% of the renovation costs.
Hard money loan funds for rehab projects are typically distributed in arrears, meaning that the borrower receives funding only after completing portions of the rehab work. For example, if $50,000 is allocated for rehab, the borrower might complete $15,000 worth of work before requesting that amount from the lender, continuing this process until the rehab is fully completed. These loans are commonly used as bridge loans, fix-and-flip loans, or commercial real estate loans, and are structured to ensure that the total loan amount, including both the purchase price and rehab costs, does not exceed 65% of the property’s after-repair value (ARV). In a competitive real estate market like in Sarasota County, FL, where speed is essential, hard money loans provide quick access to the funds investors need to close deals fast.
What do hard money lenders look for?
Because a hard money loan is a commercial loan, it must be issued to an LLC, not directly to an individual borrower. If you do not have an LLC yet, don’t worry as it’s simple to set one up with just one member, yourself. This allows real estate investors to move forward with projects and access funding quickly, even if they have not yet set up an LLC.
Hard money lenders focus on both the purchase price and after-repair value (ARV) to determine if the loan will be repaid. Purchasing the property at or below market value is essential for loan approval, as it ensures the lender’s investment is protected. If rehab funds are part of the loan, the lender will want to see that the repairs are completed on time. Additionally, the property must have a clean title as any liens or judgments on the property or LLC must be cleared before the loan is approved.
For hard money lenders, it is essential that the borrower’s investment project is profitable. They will ensure that the ARV is sufficient to cover all costs, including the purchase price, rehab expenses, interest, closing costs, and other fees, while leaving enough room for the borrower to generate a profit. This helps ensure the success of both the borrower and the lender.
What is hard money used for?
Hard money lending is a popular choice for Sarasota County, FL real estate investors in the following scenarios:
- To purchase and repair a property (including rental properties) that a traditional bank will not lend on (either because of the property itself or because of the borrower’s credit), which will then be sold to a retail buyer. This is commonly called “fix and flip.”
- To purchase and repair a property that a bank will not lend on, which will then be rented out. Once rented, the property will be considered “stabilized,” and may be refinanced with a traditional bank at a lower rate.
- To fund real estate purchases that need to be done in a timeframe that a traditional bank cannot meet (for example, a foreclosure auction). While a hard money lender can often fund the purchase within a week, a bank may take 2 or 3 months or longer.
- To obtain a fast cash-out refinancing using an already-owned property as collateral.
- To quickly refinance another mortgage on the property that is coming due.