HARD MONEY LOANS

- Hard Money Loans loans are short term loans that can be funded very fast – within a week

- Ideal for Fix and Flip opportunities

- Great way to Fix and Refinance

- Acquire and stabilize a property before refinancing with a Rental Loan 

- Perfect solution if a bank will not finance your property because of credit issues

- Starting at 10% for interest-only loans

- Amortization option available

- 1.5 – 2% origination fee

- 1 year term standard

- 2 year term available

- 6 month extensions available

- Up to 85% of purchase price

- Typically, 100% of rehab

- Total Loan amount not to exceed 75% ARV

- First Lien Only

- Property must be in LLC not in personal name

- New appraisal to be ordered by West Forest Capital

- Can accept existing appraisal on a case-by-case basis

- Lender title insurance

- Insurance policy (West Forest Capital should be loss payee and additional insured)

- Builder’s risk insurance on extensive rehab projects

- New Jerseys

- New York

- Long Island

- Florida

- Rhode Island