Hard Money Lenders Waltham, MA
Rates Starting at 10%
West Forest Capital is a trusted hard money lender in Waltham, MA, providing real estate financing up to $3 million. Recognized for our fast and efficient process, we understand the high demand for real estate in Waltham and the importance of timely funding. Whether you’re investing in residential or commercial properties, we offer quick access to capital, allowing you to seize opportunities and close deals faster than traditional lenders.
- We are a direct lender, not a broker
- Same day pre-approval
- Funding in 3-5 days (1 day possible)
- Loan amounts up to $5 million
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 locations in Malden, MA:
- Middlesex County
- Waltham
- Newton
- Watertown
- Lexington
- Belmont
- Arlington
- Cambridge
- Somerville
- Boston
- Needham
Why Use a Hard Money Loan
If you need funding fast. Banks can drag their feet for months, but West Forest Capital offers same-day approvals for hard money loans. We provide funding within 3-5 days, and in critical situations, we can get your loan funded in as little as 24 hours.
If the property isn’t stabilized. Banks often refuse loans for properties that need work or lack a Certificate of Occupancy (CO). Properties with little rental history or extensive repairs needed often face challenges with traditional lenders. West Forest Capital offers the flexibility to fund these properties and help you move forward with your plans.
If you have poor credit. West Forest Capital understands that your FICO score doesn’t always tell the full story. While traditional lenders may rely heavily on credit scores, we prioritize the property’s value, making it possible to secure funding even if your FICO score is less than perfect.
If you don’t want to take a loan in your personal name. Traditional banks may require loans to be in the borrower’s name, which can complicate things for investors. If you’d prefer to own properties through an LLC or have too many properties for traditional financing, a hard money loan offers the flexibility to operate without personal liability.
Why Choose A Waltham, MA Hard Money Lender
Our goal is simple: to be the leading hard money lender in Waltham, MA. Waltham’s real estate market is diverse and vibrant, offering plenty of investment opportunities for savvy investors. With our knowledge of local property values, market shifts, and trends, we are your go-to lender for all your real estate financing needs in Waltham.
In Waltham, MA, we offer hard money financing in areas such as Waltham Common, the South Side, and along key roads like Main Street and Moody Street, where commercial properties are booming. We also specialize in commercial property financing in locations like the Waltham Industrial Park and Riverside Industrial District, where businesses and mixed-use developments are on the rise. For fix-and-flip projects, we offer funding in surrounding neighborhoods like Newton, Watertown, and Weston, where demand for renovated homes is high.
If you are looking for financing in nearby cities like Lexington or Watertown, we are ready to assist. Additionally, we offer financing throughout Middlesex County, including cities like Medford, Somerville, and Arlington, all of which continue to grow and present great investment opportunities for real estate investors.
Financing your Waltham, MA Investment Property
Waltham, MA, has become a prime location for real estate investment, driven by its business-friendly environment, proximity to Boston, and steady population growth. The city is known for its booming technology sector, thriving small businesses, and growing real estate market. As the demand for both residential and commercial properties continues to rise, Waltham, MA is an ideal place for investors looking to make profitable deals in the Greater Boston area.
Waltham’s real estate market offers opportunities across various investment strategies, whether you’re interested in distressed property purchases, value-add renovations, or stabilized commercial investments. From fix-and-flip projects in neighborhoods like Waltham Common to large-scale commercial developments along Main Street and River Street, West Forest Capital provides the financing needed to secure deals in this growing market. Our flexible financing solutions allow you to move quickly and efficiently in the Waltham, MA real estate landscape.
Asset-backed Lender Focused on Customized Solutions
West Forest Capital brings its expertise in Waltham’s dynamic residential and commercial real estate markets, offering customized financing solutions for investors. We structure our loans around the property’s value, and in some cases, we can finance up to 100% of the purchase price and rehabilitation costs, provided there is additional collateral available to back the loan.
In addition, we offer the longest hard money loan terms available in Waltham, MA, with terms extending up to 3 years. This loan option is ideal for investors who need more time to stabilize their properties, offering flexibility between short-term hard money loans and long-term financing options.
Give us a call today to discuss your real estate financing options for investments in Waltham, MA.
Hard Money Lender Waltham, MA: Frequently Asked Questions
What are hard money lenders?
Hard money lenders are private, asset-based financial providers who operate outside the traditional banking system. Instead of relying on the borrower’s credit score and income documentation, hard money lenders place more importance on the value of the property being financed. This means that hard money loans are processed quickly, often within a week, while banks may take several months to approve and close a loan due to their strict documentation requirements.
In Waltham, MA, real estate investors often choose hard money lenders when purchasing foreclosure properties at auction or when dealing with properties that require significant repairs. Hard money lenders also provide financing for properties that banks would not consider, including those lacking a Certificate of Occupancy or requiring extensive rehabilitation. These lenders are also an attractive option for borrowers with low credit scores since hard money loans are not based on FICO scores.
As an established hard money lender in Waltham, MA, we offer flexible and fast financing solutions tailored to the needs of real estate investors in this dynamic market.
How Do Hard Money Loans Work?
A hard money loan in Waltham, MA, provides a quick and straightforward way to finance real estate projects, bypassing the lengthy processes associated with traditional bank mortgages. While the interest rates for hard money loans typically range from 10% to 12%, and there is an additional 2 points at closing, the loan approval process is much faster, making it an ideal choice for time-sensitive investments. These loans are designed for short-term projects, typically lasting between 1 to 2 years. Hard money loans are typically structured in two parts:
- Purchase funds, which generally cover 70% to 85% of the property’s purchase price.
- Rehab funds, which can finance up to 100% of the property’s renovation costs, making it easier for investors to fund necessary repairs and improvements.
Hard money loan funds are distributed in arrears for rehab projects, which means the borrower receives payments after each stage of work is completed. For example, if $50,000 is allocated for rehab, the borrower would complete $15,000 in work and request $15,000 in funding from the lender, continuing this process until the rehab is finished. These loans are ideal for fix-and-flip projects, bridge loans, or commercial real estate investments, and are structured to ensure the total loan, including both the purchase and rehab funds, does not exceed 65% of the property’s after-repair value (ARV). In Waltham, MA, where market competition is high, hard money loans offer real estate investors a fast, flexible option to quickly secure properties and make necessary renovations.
What do hard money lenders look for?
Hard money loans are considered commercial loans, and therefore, they are issued to LLCs, not individuals. Establishing an LLC is a simple and fast process, and it can be done with just one member—the investor. This structure enables real estate investors to obtain financing more quickly and efficiently than through traditional bank loans.
Hard money lenders place significant importance on both the purchase price and the after-repair value (ARV) of the property. Lenders require the property to be purchased at or below market value, which ensures the loan is backed by a sound investment. If the loan includes funds for rehab, the lender will monitor the progress of the renovations to ensure they stay on track and align with the agreed timeline. Additionally, the lender requires a clean title, meaning that any existing liens or judgments against the property or LLC must be cleared before disbursing the loan.
For hard money lenders, the borrower’s success is crucial, as the repayment of the loan is tied directly to the profitability of the project. Lenders make sure the ARV is sufficient to cover all costs, including purchase, rehab, interest, and fees, while still providing a reasonable profit for the borrower.
What is hard money used for?
Hard money lending is frequently used by Waltham, MA real estate investors in the following scenarios:
- To purchase and renovate a property that traditional banks won’t finance due to the property’s condition or the borrower’s credit history, and then resell it to a retail buyer. This strategy, often called “fix and flip,” involves purchasing distressed properties, making necessary repairs, and selling them at a profit.
- To purchase and repair a property that a bank won’t finance, and then rent it out. Once rented and stabilized, the property can be refinanced through a traditional lender at a lower rate, reducing the investor’s ongoing financing costs.
- To fund real estate acquisitions that require rapid action, such as foreclosure auctions or other time-sensitive transactions. While banks may take several months to process a loan, hard money lenders can fund deals in just a week, providing investors with the speed and flexibility they need to close quickly.
- To quickly perform a cash-out refinance using an existing property as collateral.
- To refinance a maturing mortgage on a property that is coming due.