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West Forest Capital

Advantages of a Hard Money Loan in CT

The Connecticut real estate market has made a significant comeback post the COVID-19 pandemic. Connecticut’s proximity to New York City made it a direct beneficiary of people leaving the area. It is known for its suburban feel, making it a very attractive alternative to bigger cities in general. Additionally, as the New York and New Jersey suburban markets priced out many end buyers, better deals became available in Connecticut.

This rising demand in Connecticut over the past year has created a situation where proof of cash is needed to win offers, however many individuals do not have accessibility to the amount of cash needed (it also isn’t necessarily a good use of liquidity). This is where hard money lenders can help by partnering with you and lending you the cash you need. Using a hard money lender can significantly improve your returns on your project.  

Here’s an example of how a hard money lender can help:

Situation: You purchase a property for $100k and put $50k of work into it and sell for $250k.

Return Using Your Own Cash: 67% (profit of $100k/$150k invested).

Using a Hard Money Lender: A hard money lender will provide 75% of the purchase price and 100% of the rehab funds. Let’s assume they charge 10%.

Return Using a Hard Money Lender: Investor capital needed is now only $25k at purchase, with the hard money lender putting in $75k at purchase + $50k rehab = $125k. The total interest charged will be $12.5k. The return comes out to 250% (profit of $87.5k / $25k invested).

In addition to potentially increasing your profit, a hard money loan offers numerous other benefits, including:

Offers Proof of Commitment to the Seller. By showing the seller a commitment letter from a local Connecticut hard money lender, such as West Forest Capital, you are able to demonstrate the seriousness of the offer and reassure the seller that financing will not fall through.

Removes the Need for a Separate Closing Counsel. There’s no need to hire a separate closing counsel or escrow service, as a title company can act as a settlement agent for a hard money loan in Connecticut.

Enables You To Receive the Best Lending Terms. A local hard money lender is familiar with CT and can offer you the best terms on properties within the state. They are also familiar with the more remote parts of the state, enabling them to lend on properties that national lenders are not capable of doing.

Get Your Hard Money Loan in CT with West Forest Capital

There’s never been a better time to apply for a hard money loan in Connecticut. West Forest Capital provides funds to real estate investors and others looking to finance non-owner-occupied real estate. We fund property types which include:

  • Apartments
  • Single-family
  • Multi-family
  • Commercial
  • Industrial
  • Land

We provide rehab funds, or full construction costs, as needed. We also provide fast closings, almost always less than 10 days, and often as quick as 3 to 5 days. We’ve even previously closed a brand new loan in one day! In addition to lending in Connecticut, we also lend in New Jersey, New York, Massachusetts, Pennsylvania, and Florida.

To get started with your hard money loan, please call us at 212-537-5833 or text us at 917-267-9523.


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To get started with your hard money loan,
please call us at 212-537-5833 or text us at 917-267-9523.

Hard Money Loans: FAQs

Hard money loans are short-term loans that are used to acquire investment properties to rehab and then flip for resale or rent. These loans are used by real estate investors and others who are looking to finance non-owner occupied real estate.

Yes, we can often pre-approve you on the same day as when you apply. For a pre-approval letter, please call us at 212-537-5833 or text us at 917-267-9523.

Yes, we do fund rehab costs through a hard money loan. In fact, we can fund 100% of your rehab costs. To do so, you will need to complete a portion of the project. We then send an inspector to review it, and we distribute the funds for the completed work. The entire process takes 2 to 3 days.

Yes, we provide extensions up to 6 months or longer on a case-by-case basis. We understand the timeframe complexities when rehabbing or building a new project – we will work with you.

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