Renovation Loans in New Hampshire
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:
- 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
- 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
At West Forest Capital, we’re passionate about supporting real estate investors with customized renovation loans. We understand the complexities of renovation projects, from budgeting and local market regulations to permits and inspections. Our team works with you to coordinate contractors and navigate the necessary steps for a smooth renovation process. With our expertise and dedicated approach, we ensure your property renovations are handled with care and precision. Let us be your trusted partner, helping you turn your investment vision in Massachusetts into a successful reality.
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?
Renovation lenders are specialized financial institutions like West Forest Capital that focus on providing loans for properties that require repairs and upgrades. Unlike traditional banks, we prioritize the asset’s value rather than the borrower’s credit score. This approach allows us to quickly assess and approve loans for investment properties that may not meet the usual bank criteria. Our fast-track process ensures loan approval and funding within days, making it easier to get started on your project—especially for properties in need of a Certificate of Occupancy or significant rehabilitation.
How do renovation loans work?
At West Forest Capital, securing a renovation loan is both efficient and flexible. Our loans typically offer interest rates between 9 and 12%, along with closing fees. We finance up to 85% of the property’s purchase price and 100% of the renovation costs, with funds disbursed in stages as the project progresses. Our loans are structured for short-term use, ensuring the total amount financed remains below 65% of the property’s after-repair value (ARV). This enables you to maintain financial control and minimize risk during your renovation.
What documents or information will I need to provide to get pre-approved?
To secure pre-approval for a renovation loan, you’ll need to provide essential property details, including the purchase price, renovation budget, and an estimated after-repair value (ARV). We focus on the future value of the property rather than credit history, which allows us to make quick decisions based on the potential return on investment. To further expedite the process, we recommend submitting recent financial documents and proof of LLC ownership if you are applying as a business. With these details, we can determine if your project meets our investment criteria and approve your loan promptly.
What do renovation lenders look for?
At West Forest Capital, we assess several critical factors before approving a renovation loan. We start by evaluating the purchase price and ARV to ensure that the property in New Hampshire is being bought below market value and that its post-renovation value justifies the investment. We also consider your renovation timeline to ensure the project can be completed on schedule. Lastly, we check for a clean title to avoid any legal complications. These factors allow us to offer funding with confidence, ensuring that the loan is a solid investment for both parties.
What is a renovation loan used for?
West Forest Capital’s renovation loans are designed for real estate investors who need fast access to funding to purchase and renovate investment properties. These loans provide financing for both the acquisition price and the renovation costs, making them an ideal solution for flipping houses or rehabbing properties for rental purposes. Our loans are particularly beneficial for properties that may need extensive repairs, have a lack of a Certificate of Occupancy, or are purchased through auctions—situations where traditional banks may not lend. Additionally, they offer a solution for refinancing existing properties or buying properties under an LLC, a common scenario that traditional banks don’t accommodate. At West Forest Capital, we understand the fast-paced nature of real estate investing, and our renovation loans provide the speed and flexibility investors need to stay ahead of the competition.
How is the home renovation loan budget assessed and approved?
When reviewing your renovation loan budget, we carefully ensure that it aligns with the planned property improvements and projected after-repair value (ARV). We offer up to 100% funding for rehab costs as long as the expenses meet our guidelines. If unexpected costs arise during your renovation, we work with you to make adjustments to the loan, offering the flexibility that traditional home equity or improvement loans typically don’t provide. This adaptability ensures that your project stays on course, even when unanticipated challenges arise, helping you complete your renovations on time and within budget.
What should I consider before applying for a renovation loan in New Hampshire?
Before applying for a renovation loan, consider the investment potential of your property and ensure you have a comprehensive renovation plan in place. West Forest Capital works with you to evaluate the feasibility and expected profitability of your project, ensuring the loan terms align with your project’s timeline and budget.
How quickly can I access funds once approved for a renovation loan?
Once your loan is approved, we provide quick access to funds. West Forest Capital’s streamlined process ensures that you receive your funds within a few days, allowing you to proceed with your renovation without unnecessary delays. This speed is one of the key advantages of working with us.
Can I apply if I have had credit issues in the past?
Absolutely! Even if you’ve faced credit challenges in the past, you can still apply for a renovation loan. We don’t enforce a strict credit score requirement; instead, we consider your overall financial situation. This allows us to assist investors with lower credit scores, especially when they are working on properties with strong after-repair value (ARV).
Do I need to have an LLC before applying, or can I set one up after loan approval?
It is necessary to have an LLC set up before we can close your loan. Our renovation loans are business-purpose loans, specifically designed for LLCs, not individuals. While other financing options, like personal loans or home equity loans, don’t require an LLC, they typically do not offer the same level of funding 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 use our renovation loans for both rental properties and properties meant for resale. Whether you’re renovating to make a property ready for tenants or preparing it for sale, our loans provide the flexibility needed to achieve your investment goals. Traditional home equity lines or personal loans generally lack this flexibility for investment properties.
