Hard Money Lenders Springfield, MA

Rates Starting at 10%

West Forest Capital proudly serves as a trusted hard money lender in Massachusetts, offering real estate investment financing for amounts as high as $3 million. Known for our speed and dependability, we’ve become recognized as one of the fastest funding sources in the Massachusetts real estate market—where timing can make or break a deal.

We lend directly—no third-party brokers involved
Receive same-day pre-approval
Close in 3 to 5 days, with next-day funding available in urgent cases
Capable of financing loans up to $5 million

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 Massachusetts:

Recently Funded Hard Money Loans in Massachusetts

Medway, MA

This Massachusetts hard money loan was a cash-out refi, the proceeds of which were used by our client to build-out ancillary commercial space that is owned by our client in the same building. The subject property, a residential condo, was purchased for $225,000 and appreciated to $290,000. Utilizing a hard money loan in Medway, MA we were able to provide a cash-out $200,000 loan at 78% LTV by including the commercial space as additional collateral. The borrower was able to pull the vast majority of his investment out of the property, leaving only $25,000 in the deal, and generating a 160% return. Our loan was later refinanced by a traditional bank.

Dedham, MA

This Boston area hard money loan was used to fix and flip a single-family house. The home was purchased after several rounds of negotiations and needed a new kitchen, bathrooms, and various cosmetic touch-ups. We provided 70% of the purchase price and 100% of the rehab costs. Our client, who had completed two other flips in the previous three years, was able to move through the project quickly. Within 4 months the entire rehab had been completed and the property was listed for sale. Demand was strong, and the property went into contact within three weeks of the listing date. Two months later, the property was sold and our loan repaid.

Boston, MA

This hard money loan was made to a foreign national purchasing a two-bedroom condo in the Back Bay neighborhood. With a light credit history and no US income, our client was not eligible for a traditional bank loan for this investment property. However, the client was able to put down a 35% down payment, and we utilized a Boston hard money loan to fund the remaining 65%. This loan also included a 6-month interest reserve. The property needed no rehab and was quickly rented out. After demonstrating 9 months of rental history, our client was able to refinance our loan into a long-term fixed DSCR loan.

Why Use a Hard Money Loan

If you need funding fast. Traditional banks can take weeks—or even months—to complete the loan approval process. At West Forest Capital, we provide same-day hard money loan approvals and can deliver funds within just 3 to 5 days. In urgent cases, we’re capable of issuing funding within 24 hours.
If the property isn’t stabilized. It’s not always about speed—sometimes it’s about the property’s condition. Conventional lenders won’t finance properties needing repairs, lacking a Certificate of Occupancy (CO), or with no reliable rental history. Fortunately, West Forest Capital offers loans for exactly these types of challenging properties.
If you have poor credit. We recognize that credit issues can arise unexpectedly. West Forest Capital places more importance on the asset’s value than on FICO scores or debt-to-income ratios, giving borrowers with less-than-perfect credit a better chance at securing financing.
If you don’t want to take a loan in your personal name. Conventional banks typically want the loan tied to the individual borrower. If you prefer to purchase or hold the property through an LLC, or if your personal portfolio is already too large for bank financing, a hard money loan from West Forest Capital is an ideal alternative.

Why Choose A Springfield Hard Money Lender

We love Springfield and are proud to serve as a hard money lender in Western Massachusetts! Our team understands the unique character of the city—from the historic charm of Forest Park to the vibrant downtown area and the evolving South End. You won’t have to explain the recent redevelopment around MGM Springfield or the steady demand for investment properties throughout East Forest Park, Indian Orchard, or Sixteen Acres. If you need a hard money loan in nearby towns like Longmeadow, Westfield, Chicopee, or Wilbraham, we’re local and ready to help you close fast.

But our reach goes beyond Springfield. We also offer hard money loans across the Pioneer Valley and into the Berkshires. Whether you’re planning to renovate a multifamily in Holyoke, flip a single-family home in Northampton, or tackle a fixer-upper in Amherst, rest assured—we have the experience and resources to fund your project promptly.

Financing your Massachusetts Investment Property

Contrary to the national trend of population shifts away from the Northeast, Springfield and the greater Western Massachusetts region have experienced steady growth and economic revitalization in recent years. The area benefits from its concentration of healthcare institutions, manufacturing companies, and educational centers, including those tied to nearby colleges like Springfield College and Western New England University.

Springfield’s real estate market has demonstrated solid value retention while offering attractive opportunities for appreciation. As development and population continue to rise in surrounding communities such as Longmeadow, Chicopee, and Westfield, investors are seeing the long-term potential of the Pioneer Valley.

Asset-backed Lender Focused on Customized Solutions

With our deep understanding of Springfield’s fix and flip real estate market, West Forest Capital is equipped to design flexible funding solutions that align with your project goals. We base our loans on the property’s value, which has allowed us—on occasion—to finance over 100% of both the purchase and renovation costs for eligible deals in Western Massachusetts.

Investors who prefer to hold properties in Springfield’s stable rental market will be glad to know that West Forest Capital provides one of the longest terms available in hard money lending—up to 3 years—making it an ideal fit for buy-and-hold strategies.

Borrower interview

Interview with our client, Mike, in Massachusetts

Hear our discussion with Mike, a Massachusetts-based software engineer, who began investing in real estate to create a stream of passive income for himself.

Hard Money Lender Springfield: Frequently Asked Questions

What are Hard Money Lenders?

If you’re a real estate investor in Springfield, understanding the role of hard money lenders can be a game changer. Unlike traditional banks, hard money lenders are non-bank, asset-based financing providers. While both offer mortgage loans, the criteria are very different. Hard money lenders focus primarily on the property’s value, not the borrower’s personal finances. This means the approval process is much faster—funding can happen in under a week, whereas bank loans may take two to three months or more.

For Springfield buyers targeting foreclosures, especially at auctions where quick closings are a must, hard money loans are a popular choice. These lenders are also willing to finance properties that banks won’t touch, such as homes missing a Certificate of Occupancy (CO). If you’re rebuilding your credit or working with a low FICO score, hard money lenders can still provide access to capital. Many local investors in Springfield also turn to these loans to refinance existing debt or cash out equity from their properties.

How Do Hard Money Loans Work?

Due to the speed and ease of obtaining a hard money loan—such as those available in Massachusetts—the tradeoff is often a higher cost compared to traditional mortgages. Interest rates typically range from 10% to 12%, along with two additional points paid at the time of closing. These loans are usually short-term in nature, lasting between 12 and 24 months, and are structured in two key segments:

The first portion of the loan goes toward the purchase of the property, usually covering anywhere from 70% to 85% of the total purchase price.
The second portion, when applicable, is allocated for rehabilitation or renovation work and may fund up to 100% of the expected repair costs.

When a renovation budget is included, funds are typically distributed on a draw schedule, meaning they’re disbursed only after verified progress has been made. For instance, if $50,000 has been budgeted for rehab, the borrower must complete $15,000 worth of work before receiving reimbursement in that amount—repeating this cycle until the full project is complete.

Hard money loans serve many roles, often acting as bridge loans, fix-and-flip financing, or short-term funding for commercial real estate. They are structured to ensure that the combined loan for purchase and rehab does not exceed 65% of the property’s projected after-repair value (ARV). These fast-access loans are especially popular for real estate investors working in competitive areas like Massachusetts, where timing is everything.

What do hard money lenders look for?

Since hard money loans are considered commercial loans, private lenders in Springfield—commonly referred to as hard money lenders—don’t lend to individuals, only to LLCs. But if you’re a new investor and haven’t set up an LLC yet, there’s no need to worry. Creating one is quick, simple, and it can even be a single-member LLC with you as the sole owner.

When evaluating deals in Springfield, hard money lenders will assess both the property’s purchase price and its After Repair Value (ARV) to ensure they’ll be repaid. Buying a property under or at current market value is often crucial to securing the loan. If you’re borrowing funds for rehab, the lender will require that all work follows a clearly defined repair schedule and stays on track. A clean title is also essential, and any liens or judgments on the LLC or property must be resolved before funds are released.

Lenders in Springfield genuinely want your investment to succeed. Their goal is for you to walk away with a profit so they can be repaid without issue. That’s why they’ll analyze the deal to make sure there’s enough room for profit after all expenses—purchase price, renovation costs, interest, closing fees, and more. The deal has to make financial sense not just for the lender, but for you as the investor.

What is hard money used for?

A hard money loan is commonly used within real estate investing for a variety of time-sensitive or complex situations, including the following:

When purchasing and renovating residential properties that don’t qualify for bank financing—either due to the poor condition of the property or because the borrower’s credit profile doesn’t meet conventional lending standards. These properties are usually resold at a profit, a strategy known as “fix and flip.”
When buying and fixing up a distressed property that a bank won’t finance, with the plan to rent it out afterward. Once the property has tenants and is generating income, it’s often considered stabilized and can typically be refinanced through a bank at a lower interest rate.
When financing a real estate purchase or construction project that requires a rapid closing—something banks can’t accommodate. This includes scenarios like foreclosure auctions, where a hard money lender’s ability to fund within a week is a significant advantage over the months-long timeline of traditional banks.
When pulling equity out of a currently owned property quickly through a cash-out refinance, without the lengthy underwriting process a bank would require.
When a current loan on a property is about to mature and needs to be paid off quickly, with a hard money refinance offering a fast solution.
When the borrower wants to buy out a partner or family member to take full control of a property. A hard money loan provides quick funding for the buyout, which can later be refinanced into longer-term financing once ownership is settled.