Renovation Loans In Florida
Rates Starting at 10%
West Forest Capital delivers fast and reliable renovation loans for real estate projects up to $5 million. Known for our unmatched speed, we ensure your investments move forward without delay in today’s dynamic market.
- Direct lender services—no brokers involved
- Pre-approvals issued on the same day
- Quick funding: 3-12 days, with 1-day possibilities
- Loans offered 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 counties:
- Broward County
- Collier County
- Duval County
- Hillsborough County
- Martin County
- Miami-Dade County
- Orange County
- Palm Beach County
- Pinellas County
- Volusia County
Recently Funded Investment Property Renovation Loans
Play Video about Recently Funded Loans
Jersey City, NJ
Play Video
Newark, NJ
Play Video
Elizabeth, NJ
Why Use a Renovation Loan in Florida
- If You Need Rapid Funding: In today’s fast-paced real estate market, time is of the essence. Waiting weeks or months for traditional banks to process your loan application can mean losing out on valuable opportunities. At West Forest Capital, we offer same-day approval for renovation loans, with funding available in 3 to 12 days. For cases where urgency is critical, we can provide funding within 24 hours, ensuring you stay competitive.
- Because the Property Requires Renovation: Properties requiring significant rehabilitation or lacking a Certificate of Occupancy (CO) often don’t meet the criteria for traditional bank loans. At West Forest Capital, we specialize in financing these types of properties in Florida, understanding the unique challenges they present and providing the support you need to turn them into profitable investments.
- If You Have Less-Than-Perfect Credit: Your credit score shouldn’t determine your ability to invest. Unlike traditional lenders, we focus on the potential and value of the property itself, allowing us to offer renovation loans even if your credit history isn’t perfect.
- It’s Investment Real Estate: Owning investment properties through an LLC offers numerous benefits, and we ensure our loans are structured accordingly. Our business-purpose renovation loans are designed for LLCs, allowing you to take full advantage of this strategic approach to real estate investment.
Why Choose Us For Your Renovation Loans
Supporting real estate investors is at the core of what we do at West Forest Capital. Our renovation loans cater to the specific needs of your project, helping you achieve your goals efficiently. With expertise in local regulations, budgeting, and property financing, we simplify the process of securing and managing renovation funding. From coordinating with contractors to addressing permits and city inspections, we work closely with you at every step. Let us provide the resources and personalized support you need to confidently complete your investment property renovations in Florida.
Finance Your Renovation Property
With strong demand for modernized properties and a steady flow of homes ready for upgrades, the renovation market continues to provide excellent investment potential. Favorable spreads between purchase prices and renovation expenses create opportunities for significant returns in this active sector.
However, competition in this thriving market is fierce, as many investors look to seize these prospects. West Forest Capital offers a distinct advantage with reliable, cash-equivalent capital and a dedication to your success. Let us help streamline your renovation process, offering the resources and support you need to achieve exceptional outcomes with your investment property.
Asset-backed Lender Focused on Customized Solutions
At West Forest Capital, our funding decisions focus on the current “as-is” market value, renovation expenses, and the “after repaired value” of your property. We simplify the process by covering a substantial portion of the purchase price and offering 100% of the rehab costs. Our adaptability allows us to accommodate changes in your construction schedule or unforeseen budget increases, ensuring your project stays on track.
We’re proud to provide the longest hard money renovation loans available—up to two years. This extended loan term is ideal for more complex projects, giving you the time you need to achieve your goals without added pressure.
Let’s discuss your loan scenario today. With our expertise and resources, we are confident we can provide the financial support you need for a successful renovation.
Frequently Asked Questions
What are renovation lenders?
Renovation lenders specialize in financing projects involving properties in need of repairs or upgrades. At West Forest Capital, we focus on asset-based lending, prioritizing the current and potential value of the property rather than your credit history. This makes us an ideal partner for investors seeking quick funding for properties that may not meet traditional lending standards. Our expedited process ensures loan approvals and funding within days, enabling you to start renovations without unnecessary delays.
How do renovation loans work?
At West Forest Capital, renovation loans are designed to provide both flexibility and support for real estate investors. With interest rates ranging from 9 to 12% and closing fees included, our loans cover up to 85% of the property’s purchase price and 100% of rehabilitation costs. Funds are released incrementally as the project progresses. These short-term loans ensure the total financed amount stays below 65% of the after-repair value (ARV), minimizing financial risk while maximizing project success.
What documents or information will I need to provide to get pre-approved?
To get pre-approved for a renovation loan with West Forest Capital, you will need to submit several pieces of information about the property you’re interested in. This includes the purchase price, renovation budget, and an estimated after-repair value (ARV) of the property once the renovations are complete. Unlike traditional lenders, we focus on the value of the property and its future potential, rather than your credit score. However, to expedite the process, we recommend you provide recent financial statements, along with proof of your LLC ownership if you are applying through a business entity. By submitting these details, we can quickly assess the feasibility of your renovation project and ensure that you are positioned for success. Our goal is to make the process as seamless as possible so you can begin work on your investment property without unnecessary delays.
What do renovation lenders look for?
When assessing a renovation loan application, we focus on several important factors to ensure the success of your project. First, we examine the purchase price and after-repair value (ARV) to ensure the property in Florida is being acquired at a reasonable price and has strong potential for appreciation after renovations. Additionally, we look at the planned renovation schedule to ensure it is realistic and achievable. We also check for a clean title, meaning there are no liens or legal issues attached to the property. At West Forest Capital, we are committed to helping investors succeed, so we focus on these key elements to ensure you are able to complete your project and repay the loan on time. Our approach is designed to mitigate risk and help you achieve profitability with your investment.
What is a renovation loan used for?
West Forest Capital’s renovation loans are designed to meet the specific needs of real estate investors who may encounter challenges with traditional lenders. These loans are ideal for purchasing properties to renovate and either flip or rent out, giving you the capital needed to complete projects efficiently and profitably. Whether you’re acquiring distressed properties at auction or looking to quickly capitalize on an investment, our loans provide the necessary funds. They’re also ideal for cash-out refinancing, refinancing existing loans, or purchasing properties through an LLC – a situation many traditional banks are not equipped to handle. Unlike conventional loans that can be restrictive and slow, our renovation loans are fast, flexible, and tailored to the unique requirements of real estate investors, helping you take full advantage of emerging opportunities in the market.
How is the home renovation loan budget assessed and approved?
When you submit your renovation loan budget, we take a thorough look to ensure that it aligns with the property’s overall improvement plan and projected ARV (after-repair value). Our team ensures that the budget accurately reflects the necessary costs for repairs and improvements. We finance 100% of the rehabilitation costs as long as they meet our strict guidelines. If unexpected expenses arise during the renovation process, we can adjust the loan accordingly, offering you the flexibility that traditional banks often lack. Unlike conventional home improvement loans or home equity loans, we provide a solution that accommodates the evolving nature of renovation projects, ensuring you have the financial support you need to complete the project successfully.
What should I consider before applying for a renovation loan in Florida?
Before applying for a renovation loan, it’s essential to evaluate the property’s long-term investment potential and ensure you have a solid renovation plan. At West Forest Capital, we focus on assessing both the profitability and the feasibility of your renovation project. Make sure to align your project timeline and budget with the terms of the loan to ensure a smooth and efficient renovation process. Understanding the structure of the loan and how it will support your investment goals will help you make the most of the financing available, ensuring that you’re able to complete the project within budget and on time.
How quickly can I access funds once approved for a renovation loan?
Once your renovation loan is approved, the speed at which you can access funds is one of the primary benefits of working with West Forest Capital. Unlike traditional lenders that may take weeks, our streamlined process allows for rapid disbursement of funds. This means you can move forward with purchasing your property and beginning renovations right away, minimizing downtime. We understand that timing is critical in real estate investment, and our efficient funding process ensures that you have the capital when you need it, helping you stay ahead in a competitive market.
Can I apply if I have had credit issues in the past?
Yes, even if you’ve faced credit challenges, you can still apply for a renovation loan. While we don’t have a strict minimum credit score, we look at your overall financial situation. This enables us to work with investors who may have lower credit scores but are purchasing properties with solid after-repair value (ARV).
Do I need to have an LLC before applying, or can I set one up after loan approval?
You’ll need an LLC set up before we can proceed with closing on the loan. Our renovation loans are business-purpose loans, meaning they are available only to LLCs and not individuals. If you prefer other financing options like personal loans or home equity loans, those can often be used without an LLC but won’t provide the same funding capacity or flexibility for investment properties.
Can I use the loan to finance renovations for rental properties, or is it only for properties intended for resale?
You can absolutely use our renovation loans for rental properties as well as properties intended for resale. Whether renovating to prepare for tenants or upgrading for a future sale, our loans provide the flexibility that traditional home equity lines or personal loans may not offer for investment properties.
