Private Money Lender Florida

Rates Starting at 10%

West Forest Capital is a Florida private money lender, financing a real estate investment of up to $3 million. We have gained a reputation as the fastest private money lender in Florida because we know how critical each day is in Florida’s competitive real estate market.

  • 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 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

Recently Funded Private Money Loans

Jersey City, NJ
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Jersey City, NJ

Case study: Newark property rehab
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Newark, NJ

Elizabeth, NJ
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Elizabeth, NJ

Recently Funded Private Money Loans in Florida

Palm Beach Gardens , FL

Our client is an experienced investor in the Palm Beach County area and found this off-market home after contacting homeowners in the vicinity of another project.  While the home was livable, it was not updated, and needed significant repairs (kitchen, floors, bathrooms, paint, roof, HVAC).  Utilizing a Palm Beach County hard money loan in Palm Beach Gardens, our client completed the work and sold the home in a 9 months period, yielding nearly a 200% gain on his original investment.

West Palm Beach, FL

This was our client’s first real estate deal.  Our client sought to take advantage of the momentum in West Palm Beach’s real estate market and anticipated rent increases in the area.   Although this was a new real estate investor, they received 80% of the purchase price and 100% of the rehab costs.  As a local Palm Beach hard money lender in West Palm Beach, we were comfortable that our client was buying below market in this building.  After doing cosmetic repairs (primarily removing the carpet and updating the kitchen), our client found a great tenant and refinanced into a rental loan.

Boynton Beach, FL

Our client obtained a Palm Beach County hard money loan in Boynton Beach to booster his offer for the property which beat out several other offers with conventional financing.  After the needed repairs were completed, the exit strategy was flexible: either a sale or a conventional refinancing once the property was stabilized and rented. Ultimately, our client came across another fix and flip opportunity and elected to sell the rehabbed original property to raise cash for a down payment on the next deal.

Why Use a Private Money Loan

  1. If you need funding fast. While a typical bank may take months to review your loan application, West Forest Capital offers same-day private money loan approval, and funding within 3-5 days. In an emergency situation, we can even fund in 1 day!
  2. If the property isn’t stabilized. Sometimes, it’s not a question of time, but it’s the actual property that a traditional bank won’t finance. Examples include a property that requires rehab, missing a Certificate of Occupancy (CO), or does not have a strong rental history. Private money lenders such as West Forest Capital will be able to fund the property when a bank can’t.
  3. If you have poor credit.   West Forest Capital understands that events that negatively influence one’s credit score can happen from time to time. Therefore, we mostly consider the value of the property, rather than FICO score or debt-to-income ratios when considering funding a loan.
  4. If you don’t want to take a loan in your personal name.  A traditional bank is likely to require that a property is owned directly by an individual they are making the loan to. If you would like to own the property in an LLC, or if you own too many properties for a bank to finance you personally, a private money loan is a great option.
private money loan florida
why choose a florida private money lender
Financing Your Florida Investment Property

Why Choose a Florida Private Money Lender

We are a Florida private lender focusing on Southeast Florida, the Tampa area, and the Orlando area. However, we do make private money loans in other areas of the state on a case-by-case basis. Specifically in South Florida, we offer the fastest service and low private money loan rates in Miami (including South Beach and North Miami Beach), Fort Lauderdale , West Palm Beach , and in between. The area is still growing rapidly, and in this competitive market, we want to make sure your real estate investments are funded fast! If you’re looking for a private money loan in Doral, Miramar, Hollywood, Pompano Beach, Boca Raton, Del Ray Beach, Palm Springs – or anywhere in the vicinity – reach out to us. We are here to help.

Financing Your Florida Investment Property

Florida is one the fastest growing states by population in the country. Due to the size of the state, there is a large variability between urban and rural areas. The southeast area of the state has historically been the most cosmopolitan, attracting a broad, internationally-linked economy in addition to the strong tourism industry in place.

However, the state’s popularity has broadened the population trends. Now, the suburbs in the Tampa area – Palm Harbor, Riverview, Keystone, and Brandon, for example, are attracting substantial business development, driving further population growth, and a host of opportunities for fix and flip projects as well as high rents for existing single-family homes, condos, and multi-family buildings.

The best way to secure deals in this market is to buy value-added real estate or move very quickly when presenting an offer. In both cases, our Florida private money loan program is the perfect fit.

Asset-Backed Lender Focused on Customized Solutions

Our expertise is lending private money loans on Florida real estate investment properties.  As such, West Forest Capital is able to structure creative transactions that fit your private money financing needs. We fund loans directly, so there is no red tape. We also fund loans based on the value of the asset, which means that in some cases where the property is bought significantly below market value, we are able to finance 100% of the purchase price and rehab amount.  And if you need a cash-out refinancing, we are also here to help. 

In addition to our standard 1-year loan, West Forest Capital also offers the longest private money loan available on the market (3 years), ideal for real estate investors who need more time to stabilize their property.

Give us a call to discuss your loan scenario. You’ll get immediate feedback on LTV and rate.

Borrower interview

Interview with our client, Mike, in Massachusetts

Listen to our interview with Mike, a software engineer from Massachusetts, who started in real estate to provide himself with some passive income.

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We Value our Broker Relationships

West Forest Capital is the fastest Private Money Lender in Florida

Florida Private Money Lender

We can fund private money loans in 3–5 days

If you are looking for a Florida Private Money Lender, give us a call

Frequently Asked Questions

Private money lenders (including Florida hard money lenders) offer several advantages over traditional Florida banks, including:

  • Securing a private money loan tends to be much faster and easier than with a traditional bank
  • Loan terms are often shorter with private money loans, with 1 to 2 year options
  • Individuals with low credit scores and low income can still be approved, since private money loans are made on the asset, or property value as collateral

Private money loans are perfect solutions for residential and commercial real estate investors looking to finance non-owner occupied real estate.

With private money loans, there are no credit score or income requirements. This makes it possible for more real estate investors who are not showing much income to obtain funding for their investment real estate projects. The qualifications for a private money loan include:

  • Down Payment: The down payment serves as collateral for your loan and can range from 20% to 40% depending on the specific type of property. These down payments are calculated based on the Loan-To-Value (LTV) ratio of the property. For example, let’s say you want to purchase a residential property for $500K. If the LTV ratio offered is 70%, then you would be responsible for the $150K down payment.
  • Appraisal: This is ordered by West Forest Capital.
  • Insurance Policy: West Forest Capital should be the loss payee and additional insured.
  • Builder’s Risk Insurance: Required for extensive rehab projects. Not required for cosmetic renovations.
  • Lender Title Insurance: West Forest Capital as the beneficiary.
  • Credit Score: While FICO credit scores of 600+ are preferred, it’s still possible for projects to be funded with a score below this amount.

The typical interest rates start at 10% and the loan terms range from 12 months to 36 months. 

To secure a private money loan in Florida, you’ll often need to provide the property details, loan application, builder’s risk insurance (for extensive rehab projects), appraisal of the property (ordered by West Forest Capital), title insurance, credit score (you can be approved even with a low credit score), and a down payment.

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. Private money loans can be used to fund apartments, single-family and multi-family home developments, commercial real estate projects, industrial real estate projects, and projects requiring land development. Specifically, they can be used by a real estate investor for:

  • Acquiring and renovating properties that traditional banks won’t finance (due to your credit or the property’s condition)
  • Quickly refinancing an existing mortgage on a property that is approaching its maturity date
  • Obtaining almost immediate cash-out refinancing by using an already-owned property collateral
  • Financing real estate transactions that require a fast closing, which traditional banks might not be able to accommodate
  • Acquiring a property under the name of a Limited Liability Company (LLC). Since traditional banks frequently do not extend loans to LLCs, borrowers interested in owning properties under this structure can choose a private money loan as an alternative

Private money loans are an important resource in the real estate investing industry, particularly for those looking to acquire and develop commercial property or rental property. These loans are a practical solution for financing construction projects, enabling investors to secure the necessary funds quickly.

A private money loan enables you to receive land loans, construction loans and other types of loans for funding projects and costs related to residential property construction, commercial property development, renovation and remodeling projects, and fix-and-flip real estate ventures. 

Yes, we fund 100% of your rehab costs through a private loan.  We do this in arrears. This means, first, you will need to complete a portion of the project. Second, we then send an inspector to review it, and third, we distribute the funds for the completed work. The entire process takes 1-3 days.  We then repeat the process for the next stage of work.

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A Florida direct lender you can rely on

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