Renovation Loans in Malden

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

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(Investment Properties Only)

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Property Types

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 in Malden:

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

Jersey City, NJ

Newark, NJ

Elizabeth, NJ

Why Use a Renovation Loan

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 in Malden

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.

Borrower interview

Interview with our client, Mike, in Malden

Listen to our interview with Mike, a software engineer from Malden, who started in real estate to provide himself with some passive income.

Frequently Asked Questions

What are renovation lenders?

If you’re investing in Malden real estate, securing fast and flexible financing is essential. West Forest Capital provides asset-based renovation loans, focusing on the property’s value rather than your credit history. Unlike traditional banks with lengthy approval processes, we offer a streamlined approach, ensuring funding within days—perfect for properties in need of rehabilitation or without a Certificate of Occupancy.

How do renovation loans work?

Securing a renovation loan through West Forest Capital is easy. Interest rates range from 9 to 12%, with additional closing costs. We finance up to 85% of the property’s purchase price and 100% of the renovation costs, disbursed in increments as work progresses. Designed for short-term use, our loans keep the total amount financed under 65% of the after-repair value (ARV).

What documents or information will I need to provide to get pre-approved?

For pre-approval on a Malden property, you’ll need to provide key details such as the purchase price, renovation budget, and estimated after-repair value (ARV). Unlike traditional home improvement or home equity loans, we focus on the property’s value and potential rather than just your credit score. Having updated financial records and proof of LLC ownership can also help streamline the pre-approval process.

What do renovation lenders look for?

As a private money lender, we provide loans primarily to LLCs rather than individuals. Our approval process evaluates both the purchase price and the ARV to confirm a sound investment. Key factors include acquiring properties at or below market value, following a structured rehab timeline, and ensuring a clear title. Our goal is to support your investment success, increasing the likelihood of a smooth loan repayment.

What is a renovation loan used for?

West Forest Capital’s renovation loans are perfect for real estate investors when traditional banks fall short. Whether you’re flipping or renting properties, acquiring auction deals quickly, or refinancing existing mortgages, our loans offer the flexibility you need. They also support cash-out refinancing and property purchases under an LLC—options rarely available through banks or standard home equity lines.

How is the home renovation loan budget assessed and approved?

When you provide your rehab budget, our team evaluates it to ensure it aligns with the property’s improvement plan and estimated ARV. We cover 100% of rehab costs if they meet our criteria. If unexpected expenses arise during the project, we offer the flexibility to adjust—something traditional home improvement loans and home equity loans often lack.

What should I consider before applying for a renovation loan?

Before applying for a renovation loan, take the time to evaluate the property’s profit potential and map out a solid renovation strategy. As your private lender, West Forest Capital conducts a thorough assessment of your project’s feasibility and financial viability. Understanding the terms of the loan and how they correspond with your budget and timeline is key to maximizing the advantages of working with renovation lenders.

How quickly can I access funds once approved for a renovation loan?

Once your loan is approved, one of the biggest benefits of working with West Forest Capital is the speed of funding. Renovation project funds are typically available quickly, allowing you to move forward with purchasing and renovating without unnecessary delays. This fast turnaround is a key reason why investors choose us as their go-to renovation lender in today’s competitive market.

Can I apply if I have had credit issues in the past?

Yes, you can still apply even if you’ve had past credit challenges. At West Forest Capital, we don’t enforce a strict minimum credit score requirement, focusing instead on your overall financial picture. This flexibility allows us to support investors who may have a lower credit score but are securing a property with strong potential and a solid ARV.

Do I need to have an LLC before applying, or can I set one up after loan approval?

To close on your loan, you must have an LLC established. Since our renovation loans are structured as business-purpose loans, they are exclusively available to LLCs rather than individuals. If you’re considering alternative financing, such as a personal loan or home equity loan, these may be an option. However, they typically lack the same level of funding and flexibility for investment properties.

Can I use the loan to finance renovations for rental properties, or is it only for properties intended for resale?

Yes, our renovation loans can be used for both rental properties and homes intended for resale in Malden. Whether you’re upgrading a property for new tenants or enhancing its market value for sale, our financing provides the flexibility you need. Unlike traditional home equity lines or personal loans, which often fall short for investment properties, our loan options are specifically structured to support real estate investors.