Call: 212-537-5833

Text: 917-267-9523

West Forest Capital

Call: 212-537-5833

Text: 917-267-9523

Fix and Flip Loans New Jersey

Rates Starting at 10%

West Forest Capital is a New Jersey fix and flip lender, financing real estate investments up to $5 million. We have gained a reputation as the fastest fix and flip lender among in New Jersey because we know how critical each day is in New Jersey’s competitive real estate market.
  • 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

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(Investment Properties Only)

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
LTCUp to 80% of purchase price
Rehab Funding 100%
LTVUp to 70% of the ARV
TermStandard is 12 months. 24-36 months is available
LienFirst lien; second lien as additional collateral only
Interest Rate 10%–12.5%
Points1.5–2% of the loan amount

Counties Covered

West Forest Capital lends in the following counties in New Jersey:

  • Hudson County
  • Bergen County
  • Passaic County
  • Essex County
  • Morris County
  • Sussex County
  • Warren County
  • Union County
  • Somerset County
  • Middlesex County
  • Hunterdon County
  • Mercer County
  • Monmouth County
  • Burlington County
  • Ocean County
  • Atlantic County
  • Cape May County

Recently Funded Fix and Flip Loans

Recently Funded Loans
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Jersey City, NJ

Newark
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Newark, NJ

Elizabeth
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Elizabeth, NJ

Why Use a Fix and Flip Loan

  1. If You Need Rapid Funding: Unlike traditional banks that may take months to process your loan application, West Forest Capital offers same-day approval for fix and flip loans, with funding available in just 3-5 days. In urgent cases, we can even provide funding within 24 hours.
  2. Because the Property Requires Renovation: Traditional banks often shy away from financing properties that need rehab, lack a Certificate of Occupancy (CO), or have other issues. West Forest Capital specializes in funding fix and flip loans for properties that do not meet standard banking criteria.
  3. If You Have Less-Than-Perfect Credit: At West Forest Capital, we understand that situations come up in life that might impact credit. That’s why we focus on the property’s value rather than your credit score when underwriting the loan.
  4. It’s Investment Real Estate: Typically, banks require loans to be made to individuals. But you are purchasing the fix and flip as an investment and it should be treated as such by being in an LLC. This way, you get all of the benefits of owning an LLC, and the loan is structured as a business-purpose loan to your LLC.
money Loans
Money Lender

Why Choose Us For Your NJ Fix and Flip Loans

We love helping real estate investors who are doing fix and flip projects in New Jersey, and we take pride in being a local New Jersey fix and flip lender. We understand the permit requirements and building regulations in Elizabeth, Rahway, and Newark. We can also review your construction budget, provide feedback, and help structure your fix and flip loan in locations such as Plainfield, Jersey City, and Union City. Additionally, we know many of the contractors in East Orange and Paterson, have experience dealing with the city inspectors in Edison, and have funded fix and flip homes in Woodbridge.

Investment Property

Finance your New Jersey Fix and Flip

New Jersey is an excellent market to flip homes. The demand is there, and the housing stock is also available to be improved. Furthermore, the spread between purchase price and rehab cost is attractive.

At the same time, this environment creates a competitive market and many real estate investors are looking to do fix and flip projects in New Jersey. Our team at West Forest Capital is ready to not only help you stand out to the seller by having commitment cash-equivalent capital, but will also make sure your fix and flip goes smoothly.

Asset-backed Lender

Asset-backed Lender Focused on Customized Solutions

We are guided by the current “as-is” market value, the renovation costs, and the “after repaired value.” We are easy to work with, and typically provide a large amount of the purchase price and 100% of the rehab costs. We are also flexible: if you do the construction out of order from your original schedule, or have a budget overrun, we will work with you to make sure your fix and flip in New Jersey is successful.

West Forest Capital also offers the longest fix and flip loan available on the market (2 years), which is a great option for those projects that may take a bit more time.

Call us today and let’s talk about your loan scenario. Most likely, we will be able to fund you.

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Borrower interview

Interview with our client, Joscan, in New Jersey

Joscan “Jay” Garcia is a realtor and real estate investor. He joined us for a discussion to dive into his business and strategies.
Read Interview

Frequently Asked Questions

As a fix and flip lender, West Forest Capital specializes in asset-based loans. Unlike traditional banks, we prioritize the property’s value over your credit history, making us a reliable choice for investors needing quick funding. Our process is streamlined, allowing for loan approvals and funding within days, ideal for properties requiring rehabilitation or lacking a Certificate of Occupancy.
Securing a fix and flip loan at West Forest Capital is straightforward. Expect higher interest rates between 9 and 12%, with additional fees at closing. Our loans typically finance up to 85% of the property’s purchase price and 100% of rehabilitation costs, disbursed in increments as renovations progress. Structured for short-term use, our loans aim to keep the total amount financed below 65% of the property’s after-repair value (ARV).
As a private money lender, we issue loans primarily to LLCs, not individuals. We assess both the purchase price and the ARV to ensure the investment is sound. Key elements we consider include purchasing properties at or below market value, adherence to a predetermined rehab schedule, and ensuring a clean title. Our objective is to help you profit from your investment, ensuring a successful repayment of the loan.
Fix and flip loans from West Forest Capital are ideal for real estate investing scenarios where traditional banks might not venture. Whether it’s purchasing and renovating properties to flip or rent, or acquiring real estate quickly at auctions, our loans provide the flexibility and speed required. They are also useful for cash-out refinancing, refinancing existing mortgages, or purchasing properties under an LLC – a scenario often unsupported by traditional banks.
Before applying for a fix and flip loan, assess the property’s potential for profit and ensure you have a clear plan for the renovation. As your private lender, West Forest Capital evaluates the feasibility and profitability of your project. Understanding the terms and how they align with your project timeline and budget is crucial to maximizing the benefits of financing with flip lenders.
Once approved, the speed of funding is a key advantage with West Forest Capital. Typically, funds for a fix and flip project are available swiftly, ensuring you can proceed with purchasing and renovating your property without delays. This efficiency is part of what makes us a preferred flip lender in the competitive real estate market.

We Value our Broker Relationships

West Forest Capital is the fastest Fix and Flip Lender in New Jersey

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New Jersey Fix and Flip Lender

We can fund fix and flip loans in 3–5 days

If you are looking for a New Jersey fix and flip lender, give us a call

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West Forest Capital

Private Money Lender

Fix and Flip Loans

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Address

West Forest Capital
237 East 79th Street
New York, NY 10075

Call: 212-537-5833
Text: 917-267-9523

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  • 2024. 
  • West Forest Capital, LLC. All Rights Reserved

Interview with our client, Joscan, in New Jersey

Joscan “Jay” Garcia is a realtor and real estate investor.  He joined us for a discussion to dive into his business and strategies.

hard-loan-interview

West Forest Capital: We’re happy to have you on, Jay.  

Jay: Thank you.

West Forest Capital: Could you give us a sense of your background and how you got into real estate? 

Jay: Sure.  So, as far as in the background, my parents were real estate investors in Venezuela, and, I guess that’s how I developed the love for real estate.

I came here and I started about four years ago.  I first tried different other industries and then I came into real estate, and I liked it. I fell in love with how you can just easily grow if you’re dedicated and create the right partnerships.

West Forest Capital: Awesome. And do you also work as a realtor?

Jay: Yeah, I do. I have my license.  So I do both depending on the circumstances: I could either help my clients list the property and get top dollar, or I could always go for the cash offer and buy it myself. I also help people who are facing foreclosure or if they are at risk of losing their house or have any issues with a bank.

West Forest Capital: Yeah, it makes sense. So in terms of your own real estate investments, can you tell us what you focus on and what your strategy is? Is it fix and flip? Is it buy and hold?

Jay: So actually I’ve, I’ve done all of those that you just mentioned.  I started with you guys on a fix and hold.  That was my first deal.

I fixed the property up, and now it’s one of my rentals.  I also flipped a few homes in Morris County. I try to do a little bit of everything, to be flexible and be able to cover different, different aspects of the business.  

West Forest Capital: So what areas do you operate in? You mentioned Morris County as one, do you operate in others as well?

Jay: Yeah, Morris County mostly. My main areas in addition to that are, Middlesex, Essex and Union. Central Jersey is where I do most of my business.

West Forest Capital: Right. It makes sense. Can we into one of the projects you worked on, maybe go more into the specifics there.  We helped you out most recently with 933 Chancellor in Irvington, NJ.  Maybe we can talk about that one.

Jay: So I’m actually very grateful that you guys were able to help me.  Before you guys came into the picture, I was talking to another hard money guy and he hadn’t been able to close.  It was getting to be 30-45 days and it was getting close to the expiration date of the short sale, and the guy wouldn’t give me a straight answer. 

So one of the things I like about West Forest Capital is that you guys were straightforward from the get go.

You told me what to expect. What terms to expect and essentially told me everything straight up upfront and you guys delivered in a matter of six, seven days. And that was like, a huge, huge deal for me because I really needed to close on that property.  

It was very smooth working with you guys, very easy.  I never had any problem getting rehab funding or anything like that.

You guys were very, very, very flexible and you understand the business. So, I felt really comfortable working with you guys. 

West Forest Capital: Excellent, thanks very much! We’re very happy to hear that feedback of course.  

So can you talk a little bit about the actual property and your strategy?  

Jay: So when I bought it, he had been vacant for about seven years.  It was a foreclosure home essentially. 

West Forest Capital: So it was a single family home?  

Jay: Actually, a two family with a bonus with the basement.

So I had to come in and gut out the basement and most of the first and second floor.  That was something I was expecting when I got into the deal.  I put in new flooring everywhere, new kitchens.  I got rid of the old heating and cooling system and I put in a new central AC and central heat, and essentially renovated the entire property.

It took me about six or seven months.  I was hoping to do it in two months, but that definitely didn’t happen as my contractor delayed things a bit [laughs].  I also had some issues with the gas company because the property had been vacant for so long – had to get some permits and pressure tests, things like that.

Image provided for illustration purposes

West Forest Capital: So as you think ahead, like what type of projects do you want to work on? Where do you see your investment strategy going? 

Jay: Well, I like to stick with what I know – so dealing with foreclousres and focusing on buy and hold.  My thing is mostly buy and hold.  

So for example, the deal I did with West Forest Capital’s help, I bought the property and fixed it up.  After I fixed it up, I refinanced it and took all of my money out.  I like deals like that and those are the deals I seek.

West Forest Capital: That is very impressive.  And equally impressive is how you understand the whole process, how to pull all of your equity out, etc.

So, how many properties do you own right now?

Jay: Right now I own 4 properties.  

One of them was actually originally a wholesale deal that I bought to fix and flip but I decided to wholesale it.  After I bought it, I said wait and second, I’ve never done a wholesale before, let me try that out.  And I kind of did the math, and I realized I would make almost the same as if I fixed it up [and flipped it], so I hold 4 properties but one of them I am about to dispose of. 

West Forest Capital: Got it. 

Turning our attention to the brokerage side of your business, could you talk about what kind of deals you help your clients with? Are they mostly investors or looking for their primary residence?

Jay: I have a mix.  I have investors, and I also help a lot of people facing foreclosure. 

One of my best or most successful stories was a couple.  I sold their home as a short sale two years ago. And a couple of months ago, it was the two year anniversary of the short sale, and we were able to close on a $830,000 house Cranford, NJ.

When I met them, their finances were horrible! I mean, they were losing their house and everything; two years later they were able to buy their dream home in Cranford! 

So, you know, things like that, it’s normally what I do. I help a lot of people with foreclosures.

I also help people with listing their homes [for sale] – mostly I deal with listings, I have a lot of listings coming up, and a few retail home buyers that I also work with.

West Forest Capital: That’s very impressive.  Particularly as it comes to that couple, because it sounds like you weren’t just able to help them on the real estate side, which obviously you did, but almost from an overall finances perspective, right?

Jay: Yeah. So they tried to work things out with different attorneys and other realtors before I worked with them.  Nothing seemed to work out.

After I started workin with them, we got the bank to pay $20,000 in IRS liens and back taxes that they had, and the bank still paid them $10,000 just to do the short sale.  

We were really able to help them.  I connected them with a credit repair guy. They followed my advice – that’s what’s special about them – they followed my advice and then two years later we were able to close on their dream home! 

West Forest Capital: That is terrific! 

Jay: One other thing I wanted to mention was how great it has been to refer business to you guys.

I deal with quite a few investors and was helping one of them recently.  

I had a deal that was about to expire.  I contacted you guys over the weekend. 

You guys were able to put the deal together and fund that deal on Monday.  That was mind blowing! You closed a deal in 3 days and on top of that you paid me a referral fee, so I am grateful for that.

One thing I like about you guys is that you deliver.  It’s not like some other lenders, when they say “oh I can get you a lower rate, or lower down payment” but then when it comes time to close, they blame their underwriter for not being able to deliver. You guys are straightforward to the point and you guys deliver, which is awesome.

West Forest Capital: Thank you! We love that positive feedback!  

How can people get in touch with you?

Jay: Sure, so my email is jocsan.garcia@exprealty.com or call me 732-668-0770.  Or google my name! Jocsan Garcia.

West Forest Capital: Thanks for taking some time to chat with us today. We look forward to partnering with you in the future. 

Jay: Thank you.  It’s been my pleasure.

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