Renovation Loans In Tampa

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)

Property Types

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:

  • 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

Recently Funded Loans
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Jersey City, NJ

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Newark, NJ

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Elizabeth, NJ

Why Use a Renovation 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 investment property renovation loans, with funding available in just 3 to 12 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 investment property renovation loans for properties that do not meet standard banking criteria.
  3. 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.
  4. 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 Use a Renovation Loan
Why Choose Us

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

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

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

Renovation lenders like West Forest Capital in Tampa provide asset-based loans for investment property renovations. We focus on the property’s value rather than your credit history, making us a reliable option for investors who need quick financing. Our streamlined process allows us to approve loans and fund projects in a matter of days, perfect for properties that require renovation or lack a Certificate of Occupancy.
Securing a renovation loan with West Forest Capital is easy. Interest rates generally range from 9% to 12%, with closing costs added. We finance up to 85% of the property’s purchase price and cover 100% of the renovation costs, releasing funds in stages as the work progresses. Our loans are short-term, designed to ensure that the total amount financed stays below 65% of the property’s after-repair value (ARV).
For pre-approval, you’ll need to submit the property details, purchase price, renovation budget, and estimated ARV. Unlike traditional loans, we focus on the property’s value rather than your credit score. However, providing recent financials and proof of your LLC ownership will help speed up the process.
At West Forest Capital, we issue loans primarily to LLCs, and we assess the purchase price and after-repair value (ARV) to ensure the investment will be profitable. We focus on properties purchased at or below market value, staying on track with a rehab schedule, and maintaining a clean title. Our goal is to make sure your investment is successful, ultimately helping you repay your loan.
West Forest Capital’s renovation loans are perfect for real estate investing situations where traditional banks might hesitate. Whether you’re flipping properties, renting them out, or purchasing at auctions, our loans give you the flexibility and speed to act quickly. These loans are also great for cash-out refinancing, refinancing existing mortgages, or buying properties under an LLC—something traditional banks often can’t offer.
When you submit your rehab budget, we carefully review it to ensure it matches your project’s overall plan and estimated ARV. We fund 100% of the rehab costs as long as they meet our guidelines. If unexpected expenses arise, we can adjust the budget, providing a level of flexibility not typically available with traditional loans.
Before applying for a renovation loan, think about the property’s potential for profit and have a clear plan for the renovation process. At West Forest Capital, we look at the feasibility and potential of your project. It’s also important to understand how the loan terms fit within your renovation timeline and budget, ensuring the best possible financing experience.
Once approved, funds are typically made available quickly, so you can jump straight into purchasing and renovating your property without any delays. This fast funding is one of the reasons we are a trusted renovation lender in today’s competitive market.
Absolutely! You can still apply, even if you have had credit issues. We do not impose a strict minimum credit score, and we review your financial history to understand the bigger picture. Our goal is to support investors with properties that show strong potential for a profitable return.
It’s important to have your LLC set up before we can finalize the loan. Since our renovation loans are business-purpose loans, they are only available to LLCs. However, if you’re considering other financing options like personal loans or home equity lines, they generally don’t require an LLC but may not provide the same level of funding or flexibility for investment properties.
Yes! Our renovation loans are flexible and can be used for both rental properties and properties that you plan to sell. Whether you are upgrading for new tenants or preparing to put a property on the market, our loans offer the flexibility you need. Traditional loans like home equity lines may not provide the same support for these types of investments.

We Value our Broker Relationships

West Forest Capital is the fastest Renovation Loans lender in Tampa

Renovation Loans lender in Tampa

We can fund Renovation Loans in 3–5 days

If you are looking for a Tampa renovation loans lender, give us a call

Submit a loan request

A Tampa direct lender you can rely on

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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