Hard Money Lender Martin County

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West Forest Capital, a Martin County hard money lender, offers financing for real estate investments of up to $5 million. Renowned as Florida’s quickest hard money lender, we understand the urgency in Martin County’s competitive real estate market, ensuring swift transactions to meet your needs.
  • 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 Martin County:
  • Stuart
  • Jupiter Island
  • Ocean Breeze Park
  • Sewall’s Point
  • Hobe Sound
  • Hutchinson Island

Palm Beach Gardens, FL

Our experienced investor client discovered this off-market property while connecting with homeowners near another project. Despite its livable condition, the property needed significant upgrades and repairs, including the kitchen, floors, bathrooms, paint, roof, and HVAC system. Leveraging a hard money loan, our client executed the necessary renovations and sold the property within nine months, securing an impressive return of nearly 200% on their original investment.
Palm Beach Gardens

West Palm Beach, FL

Our client tackled their first real estate investment with an objective to leverage the upward trajectory of the real estate landscape in West Palm Beach, as well as the prospective rental hikes. Being a novice investor didn’t hinder them from obtaining an 80% loan on the property’s purchase price, in addition to full funding for its restoration. As a hard money lender with deep local insights, we were certain the client made a wise purchase below the expected market value for that particular property. Minor cosmetic restorations, including carpet removal and a kitchen refresh, were completed, leading to the acquisition of a quality tenant and the subsequent refinancing with a dedicated rental loan.
West Palm Beach

Boynton Beach, FL

Leveraging a hard money loan in Boynton Beach, our client strengthened their offer for the property, outpacing several rivals reliant on conventional financing. Upon completing the requisite repairs, the exit plan remained versatile: either a sale or conventional refinancing upon stabilizing and leasing the property. Ultimately, our client identified an alternative fix-and-flip opportunity and opted to sell the rehabilitated original property to secure funds for the subsequent investment.
Boynton Beach

Why Use a Hard Money Loan

  1. When speed is crucial, traditional banks may take months to review your loan application. At West Forest Capital, we offer same-day approval for hard money loans in Martin County, with funding typically within 3-5 days with an existing appraisal and title. In urgent situations, we can even expedite funding in just 1 day!
  2. When a property isn’t stabilized, traditional banks may refuse financing due to factors like the need for repairs, absence of a Certificate of Occupancy (CO), or inadequate rental history. Nevertheless, hard money lenders in Martin County, like West Forest Capital, can step in to provide funding for such real estate properties when banks cannot.
  3. 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. Opting out of personally owning your real estate investments? It’s common for banks to lend only to individuals with property titled in their names. However, should your strategy include owning properties through an LLC or if you’ve acquired more properties than a bank can finance, leveraging a Martin County, Florida hard money loan can be highly beneficial.
Why Use a Hard Money Loan
Why Choose a Martin County Hard Money Lender

Why Choose a Martin County Hard Money Lender

If you’re in need of a reliable hard money lender across Martin County, Florida consider our expert lending services. With extensive experience from Stuart to Palm City and surrounding areas like Hope Sound and the luxurious Jupiter Island, we have a solid history of financing different types of properties (both in asset type and price range), and are comfortable financing large rehabs as well as smaller renovation projects.

If your property in Martin county is more difficult to value, or if the situation is more complex, you have also come to the right place. We have seen and financed virtually any possible real estate lending scenario (so long as the collateral value makes sense!)

Financing your Martin County Investment Property

Financing your Martin County Investment Property

The population of Martin County continues to experience significant growth, and the real estate business is flourishing. New construction spec homes are seen everywhere, and single family fix and flip projects are also abound. We have also seen an uptick in multi-family development and the need for housing continues to grow. Martin County comprises a diverse range of communities, and offers something for every lifestyle, contributing to its status as a highly desirable real estate market. As such, real estate financing must be done quickly without any run-around or red tape. We are focused on the property value to make our lending decisions. Although we do check your credit, you do not need to have great or even good credit. Mediocre or poor credit is ok.

Asset-backed Lender Focused on Customized Solutions

Asset-backed Lender Focused on Customized Solutions

At West Forest Capital, we pride ourselves on our profound grasp of Martin County’s real estate landscape and translate this into offering hard money loans with private funding. By evaluating the asset’s value, our loan program sometimes enables borrowers to finance the complete cost of acquisition and renovation.

Moreover, although our standard loan term is one year, we can provide a distinctive three-year term for our hard money loans – the most prolonged term available in the market. This is a great solution for real estate investors needing additional time to work on the property and provides an option in-between short-term bridge and longer term permanent refinancing.

Contact West Forest Capital to talk through your investment objectives in Martin County, Florida. We work with brokers or the real estate owners/sponsors directly.

Frequently Asked Questions

Hard money lenders are private financiers who specialize in asset-based lending, setting them apart from customary banking institutions. Their lending approach places significant weight on the property’s worth rather than extensively analyzing the borrower’s creditworthiness. These lenders expedite the loan approval process, often with a turnaround time of approximately one week, highly advantageous compared to the standard banking timeframe. This efficiency proves invaluable to real estate investors dealing with time-sensitive purchases, such as buying foreclosed homes at auction. Hard money lenders also offer financing opportunities for properties that fail to qualify under traditional bank criteria, like those without a Certificate of Occupancy. Additionally, they are a viable funding source for those with suboptimal credit or those currently rebuilding their credit history, overlooking a lower FICO score as a decisive factor for loan eligibility.

It’s crucial to understand that hard money lenders specialize in providing loans for investment real estate and do not extend mortgages for residential purposes. Properties funded by hard money lenders are designated for investment use and cannot serve as primary residences.

Opting for a hard money loan means a borrower can access funds more quickly than through a bank mortgage, but this convenience comes with higher interest, usually falling within 10-12%. Closing the deal incurs 1 to 3 points. These loans, often having terms of either one or two years, are split into acquisition and renovation components. The acquisition component typically covers 65-85% of the purchase price, while the renovation component may fund up to the full amount needed for updates, contingent on necessity. Rehab funds are payable progressively, based on completed work. As an example, should a rehabilitation need total $50,000, and the borrower completes $15,000 of this work, they are reimbursed accordingly by the lender. This step-by-step funding continues until all work is finished. Lenders typically ensure that the total financing does not exceed 65% of the after-repair value of the property, a limit known as the ARV.

Hard money loans are explicitly designed for commercial borrowers such as LLCs and not for individuals, fitting into the commercial lending bracket. However, fear not, as forming an LLC, even by yourself, is quite a straightforward endeavor.

Hard money financiers critically evaluate a proposition by contrasting the purchase price with the ARV to safeguard their investments. It’s beneficial for a property’s acquisition cost to be on par with or less than market value. If the funded project includes refurbishing, lenders monitor progress to warrant that renovations abide by the pre-designated repair plan. A clear legal standing is obligatory for both the property and the borrowing LLC before any loan distribution.

The success of the borrower is integral to the lender’s interests. Therefore, they ensure that the overall transaction is structured so that the project’s ARV can sufficiently cover all incurred costs while also turning a profit for their client.

The following scenarios frequently call for a hard money loan:

  • Fixing and flipping: Purchasing/renovating unsellable properties for resale when banks decline due to property state or buyer’s credit.
  • Rental preparations: Buying/renovating and then renting properties ineligible for bank loans, followed by bank refinancing once rented.
  • Auction investments: Acquiring properties quickly, such as at auctions, a feat banks can’t match, with funding possible in under a week.
  • Expedited cash-outs: Leveraging existing property for urgent refinancing needs.
  • LLC property purchases: Facilitating real estate investments through an LLC when conventional banking is not an option.

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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