Hard Money Lender Hillsborough County

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We provide hard money loans in Hillsborough County, Florida. Loan size is up to $5m, and we are the top choice for investors looking for quick, reliable funding. Recognized as Florida’s quickest hard money lender, we guarantee speed and an easy process.
  • We are a direct lender, not a broker
  • Same day pre-approval
  • Funding in 3-5 days, although 1 day is possible
  • Loan amounts up to $5 million

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Property Types

Lending Parameters

Loan Size$100,000 - $3,000,000
Loan to ValueUp to 80%
Primary ResidenceNot accepted
Rental statusRented preferred but not required (can use market rents)
TermUp to 30 years
FormatFixed or Variable available
RateVaries by product, correlation with Treasury Rates
PointsTypically 2%

Cities Covered

West Forest Capital lends in the following cities in Hillsborough County:
  • Tampa
  • Brandon
  • Riverview
  • Town ‘n’ Country
  • University
  • Plant City
  • Valrico
  • Egypt Lake-Leto
  • Carrollwood
  • Lake Magdalene

Palm Beach Gardens, FL

After reaching out to homeowners in the vicinity of another project, our seasoned investor client stumbled upon this off-market property. Although it was in livable condition, it required extensive updates and repairs, encompassing the kitchen, floors, bathrooms, paint, roof, and HVAC system. With the assistance of a hard money loan, our client undertook the renovations and successfully sold the property within nine months, achieving a remarkable return of nearly 200% on their initial investment.
Palm Beach Gardens

West Palm Beach, FL

Venturing into real estate investment for the first time, our client targeted the vibrant property market in West Palm Beach, anticipating an upswing in rental prices. Throughout this initial investment, they were able to finance 80% of the acquisition and all costs for the property’s improvements, a commendable feat for someone new to investing. As a dedicated local hard money lender, it was our assessment that the client’s investment was a savvy one, securing a property under market value in the selected complex. The client made select cosmetic changes, primarily focusing on the kitchen and removing old carpeting. This effectively attracted a dependable tenant and enabled our client to refinance using a rental loan.
West Palm Beach

Boynton Beach, FL

Securing a hard money loan in Boynton Beach, our client bolstered their offer for the property, outbidding several other contenders relying on conventional financing. Upon completing the necessary repairs, the exit strategy remained flexible: either a sale or conventional refinancing once the property stabilized and was leased. Ultimately, our client identified another fix-and-flip opportunity and opted to sell the refurbished original property to generate funds for a down payment on the next venture.
Boynton Beach

Why Use a Hard Money Loan

  1. Secure financing faster. Unlike standard banks, we ensure prompt same-day loan approvals for our hard money loans in Hillsborough County and Tampa Bay, with funds disbursed within 3 to 5 days. In certain cases, we’re prepared to fund the next day.
  2. Get funded irrespective of property condition. In cases where a property isn’t stabilized, traditional banks may decline to fund your deal due to the property requiring renovations, lacking a Certificate of Occupancy (CO), or having an insufficient rental history. However, hard money lenders in Hillsborough County and Tampa Bay, can provide funding for these types of real estate properties when banks cannot.
  3. Get financing with poor credit. West Forest Capital understands that unforeseen events can sometimes impact credit scores negatively. That’s why we focus more on the property’s value rather than FICO scores or debt-to-income ratios when evaluating loan applications.
  4. Get funded when buying in an LLC. Traditional financial institutions generally prefer lending to individuals who hold property titles, as opposed to corporate entities. For those who wish to have their property titled to an LLC or who already manage multiple properties, a Tampa Bay area hard money loan can be an outstanding solution.
Why Use a Hard Money Loan

Why Choose a Hillsborough County Hard Money Lender

For speedy and straightforward hard money lending services across Hillsborough County, look no further. We lend all accross the county from Tampa to Brandon, supplying loans for real estate investments in Riverview, Ruskin, Valrico, and more. Our deep-rooted knowledge of the local market, including both the City and suburbs of Tampa, guarantees efficient financial solutions for any property type.

Our seasoned approach enables us to fund real estate deals of any type (no property type restrictions) and gives you a real, tangible advantage in a competitive market. Our knowledge of the local area further enhances our ability to provide you with high leverage at lower rates.

Financing your Hillsborough County Investment Property

Hillsborough County has attacted three types of newcomers: 1) new companies and their associated workforce 2) influx of retirees and 3) remote workers. With more demand, prices rise, and supply and demand are no longer balanced. To be competitive with your real estate offers in Tampa and the surrounding area, you need fast financing that is focused on the value and potential of the real estate only (once your personal finances come into play the process slows down – we do not do this).

Asset-backed Lender Focused on Customized Solutions

Asset-backed Lender Focused on Customized Solutions

Harnessing our expertise in the Hillsborough County real estate sphere, West Forest Capital supplies hard money loans funded by private money. We are easy to work with!

At times we can even fund 100% of the purchase price if the scenario indicates that you are buying substantially below market value and have additional collateral to pledge. (We always fund 100% of renovations).

Additionally, we are able to offer a hard money loan term of 1-3 years, the long end of which is ideal for investors who need an extended period for stabilizing properties. We invite you to connect with us to explore you real estate investment scario and financing options in Tampa Bay and Hillsborough County.

Frequently Asked Questions

Hard money lenders differ from banks in that they are asset-based, private lenders. They focus less on a borrower’s credit history and more on the property’s value when making lending decisions. As a result, the underwriting process is concise, offering quick closings and loan availability sometimes within a week—a stark contrast to the months usually required by banks. This rapid funding is crucial for real estate investors, such as those buying properties at foreclosure auctions, who need to meet tight deadlines. Hard money lenders provide solutions for properties that do not meet bank standards, for instance, those without a Certificate of Occupancy. Furthermore, these lenders serve clients with poor credit or those aiming to improve their credit situation, ensuring that a low credit score isn’t a barrier to securing a loan. They’re also an avenue for refinancing and cashing out on real estate investments.

Hard money lenders exclusively provide loans for investment real estate and do not offer mortgages for residential purposes. Properties financed by hard money lenders are intended for investment purposes only and cannot be used as primary residences.

Borrowers who choose hard money loans benefit from the expedited application and funding process, as opposed to traditional bank mortgages, but it’s important to note that this comes with a premium in the form of interest rates between 10-12%. At the outset, these loans also attract 1 to 3 points at closing. The terms are short, usually just a year or two, and comprise two funding stages: one for purchasing the property, accounting for 65-85% of the buy price, and another for any necessary refurbishments, where up to 100% of costs can be covered by the lender. Renovation financing is awarded only when required and paid out in stages following the completion of work. For example, in a scenario where $50,000 is allocated for repairs, the borrower will receive funds in increments, like $15,000 upon completion of each phase of the work. Furthermore, the combined total of the purchase and renovation funds granted by the lender is capped at 65% of the property’s value once repairs are done, known as the “ARV” to maintain a conservative lending approach.

Commercial loans, such as hard money loans, are not available to individual borrowers, but rather to legally formed LLCs. Thankfully, forming an LLC is a fairly simple and quick process, even for just one person.

Hard money providers scrutinize the offer price of an asset along with its estimated ARV to guarantee a return on their loan. The likelihood of loan approval increases significantly if the asset’s price does not exceed market value. Should the loan request include funds for renovations, lenders closely verify if the makeover matches the planned schedule. It’s necessary for the property, or the LLC in question, to be free of legal impediments before any loan transaction.

Ensuring the borrow’s success is tantamount to the lender’s principle, as it guarantees that the loan not only gets covered but also presents a worthwhile investment opportunity for the borrower.

A hard money loan is typically utilized in the following situations:

  • Utilize hard money for rapid fix and flip property ventures, ideal for quick overhauls and sales.
  • Repair and rent homes with hard money loans, followed by bank refinancing once it’s rent-ready.
  • Achieve urgent property buys with hard money, suitable for auctions with tight deadlines.
  • Benefit from hard money’s swift approval to fund property deals much quicker than banks.
  • Access fast refinancing with your asset as collateral through hard money lending.
  • Handle impending mortgage deadlines with ease, thanks to quick refinancing options from hard money lenders.
  • Invest in LLC properties without bank limitations, courtesy of hard money financing.

West Forest Capital is the fastest DSCR Loans Lender in New Hampshire

New Hampshire DSCR Loans Loan Lender

We fund DSCR Loans in 2-3 weeks.
Commercial and industrial loans are funded in two weeks.

If you are looking for a New Hampshire DSCR Loans Lender, give us a call.

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