Renovation Loans In Hartford
Rates Starting at 10%
West Forest Capital is a renovation lender, financing real estate investments up to $5 million. We have gained a reputation as the fastest renovation lender because we know how critical each day is in the competitive real estate market.
- We are a direct lender, not a broker
- Same day pre-approval
- Funding in 3-12 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 counties:
- 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 Investment Property Renovation Loans
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Why Use a Renovation Loan in Hartford
- 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 investment property renovation loans, with funding available in just 3 to 12 days. In urgent cases, we can even provide funding within 24 hours.
- 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 investment property renovation loans for properties that do not meet standard banking criteria.
- If You Have Less-Than-Perfect Credit: 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.
- It’s Investment Real Estate: Typically, banks require loans to be made to individuals. But you are renovating your investment property 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 renovation loan is structured as a business-purpose loan to your LLC.
Why Choose Us For Your Renovation Loans
We’re passionate about supporting real estate investors with their renovation projects, providing specialized renovation loans tailored to meet your project’s unique needs. Our expertise spans beyond local regulations; we understand the critical elements involved in planning, budgeting, and structuring renovation financing for properties in various markets. With experience working alongside contractors, navigating permit requirements, and coordinating with city inspectors, we’re prepared to guide you through the entire renovation loan process. Let us be your trusted partner, helping you bring your investment properties to life with confidence and ease.
Finance Your Renovation Property
The market for renovating properties is strong, with high demand and a solid supply of homes ready for improvement. This setup offers a promising opportunity, with attractive spreads between purchase prices and renovation costs.
However, this active market also brings competition, as many real estate investors want to capitalize on these opportunities. Our team at West Forest Capital is here to help you gain an edge with committed, cash-equivalent capital and make sure your renovation process is as seamless as possible. Let us support you every step of the way to help make your project a success.
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 renovation project is successful.
West Forest Capital also offers the longest hard money renovation 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.
Frequently Asked Questions
What are renovation lenders in Hartford?
At West Forest Capital, we specialize in asset-based renovation loans tailored for real estate investors in Hartford. Unlike traditional lenders that scrutinize credit history, we focus on the property’s value, providing fast and flexible financing. Our efficient approval process allows investors to access funds within days, making it easier to renovate properties, even those without a Certificate of Occupancy.
How do renovation loans work?
West Forest Capital simplifies the renovation loan process. Borrowers can expect competitive interest rates from 9% to 12%, plus closing fees. Our loans cover up to 85% of the purchase price and fully fund renovation costs, with disbursements aligned to project milestones. Designed for short-term use, our financing ensures total borrowed funds remain below 65% of the property’s after-repair value (ARV).
What documents or information will I need to provide to get pre-approved?
Getting pre-approved is a straightforward process. You’ll need to provide details about the property, including the purchase price, renovation budget, and estimated after-repair value (ARV). Unlike traditional home equity or improvement loans, we emphasize the property’s potential rather than your credit score. That said, having up-to-date financial records and proof of your LLC ownership can help accelerate the approval process.
What do renovation lenders in Hartford look for?
As a private money lender, we focus on funding investment properties through LLCs. We evaluate the purchase price and projected ARV to determine loan feasibility. Key factors we consider include acquiring properties below market value, following a structured renovation plan, and ensuring a clear title. Our objective is to maximize your investment potential while securing a successful loan repayment.
What is a renovation loan used for?
Renovation loans at West Forest Capital in Hartford cater to real estate investors in Hartford looking for a financing solution beyond what traditional banks offer. These loans are commonly used for flipping homes, renovating rental properties, and securing auction deals quickly. They also support cash-out refinancing, refinancing existing loans, and purchasing properties through an LLC—scenarios where conventional lenders may fall short.
How is the home renovation loan budget assessed and approved?
When you submit a rehab budget, our team reviews it to confirm it aligns with the property’s scope of improvements and estimated ARV. We finance 100% of rehab costs as long as they meet our criteria. If unexpected expenses occur mid-project, we provide flexibility to adjust funding, an advantage not typically offered by standard home improvement or equity loans.
What should I consider before applying for a renovation loan?
Applying for a renovation loan requires careful planning. Consider the property’s potential profitability, your renovation budget, and a realistic timeline. West Forest Capital focuses on the viability of your project, ensuring it aligns with our lending criteria. Understanding the terms of your loan and how they fit your investment goals is essential to making the most of your financing.
How quickly can I access funds once approved for a renovation loan?
Speed is critical in real estate investing, and West Forest Capital delivers fast funding. Upon approval, funds are released promptly, allowing you to act quickly on opportunities. This rapid turnaround helps you secure properties, initiate renovations, and maintain momentum in competitive markets.
Can I apply if I have had credit issues in the past?
Absolutely. Your credit history doesn’t have to be perfect to secure funding with us. While we do review financial details, we focus more on the potential of your investment property, particularly its ARV. This approach allows us to work with investors who may have lower credit scores but are acquiring properties with strong financial upside.
Do I need to have an LLC before applying, or can I set one up after loan approval?
Yes, you’ll need to have an LLC in place before closing on your loan. Our renovation loans are structured for business use, which means they can only be issued to LLCs. If you don’t have one yet, it’s best to establish it early in the process. While other funding sources, like home equity loans or personal loans, may not require an LLC, they often lack the tailored benefits that business-purpose loans provide.
Can I use the loan to finance renovations for rental properties in Hartford, or is it only for properties intended for resale?
Absolutely. Our renovation loans aren’t limited to fix-and-flip projects—they’re also an excellent option for rental property upgrades. Whether you need to modernize a unit for tenants or boost your property’s value before resale, our funding is designed with real estate investors in mind. Unlike traditional financing methods, such as home equity lines or personal loans, our loans provide faster access to capital with terms that align with your investment strategy.
