West Forest Capital

About West Forest Capital

Headquartered in New York, NY, West Forest Capital is an asset-based lender providing funding throughout New York, New Jersey, and Connecticut. They provide fix and flip loans and commercial loans. Their loan parameters are flexible, including terms between 6 months and 36 months and loan amounts starting from $50,000 with a maximum LTV of 65%. They make loans on the following property types: single family units, multi-family, apartments, office units, retail spaces, mixed use spaces, and industrial buildings.

Loan Types Offered: Fix and Flip Loans, Commercial Hard Money Loans

Property Types Covered: Single Family, Multi Family, Apartment, Office, Retail, Mixed Use, Industrial

Areas Served: NY, NJ, CT

Lending Guidelines for West Forest Capital

Below are the general loan guidelines published on the West Forest Capital website. Please confirm all terms and rates directly with the lender.

Loan Examples

The following loans are for education purposes only. They do not represent actual loans executed by West Forest Capital.

Loan Example 1

West Forest Capital makes a private money loan to Lila for a remodeling project in Brooklyn, NY, on a property that costs $160,000. Because the lender agrees to a 50% loan-to-value, Lila will be required to put 50% down and the total amount of the loan will be $80,000. The loan is interest only, paid monthly, and is for 6 months at 14% interest with 5 origination points to be paid when the deal closes.

In addition to paying the $4,000 origination fee, Lila will also need to fund $80,000 of the purchase with her own funds, or 50% of the purchase price. The monthly interest only payments will then total $933 to West Forest Capital. Lila's intention is to finish the house by the end of the 6 months and resell it for $192,000. If she succeeds she will earn a total profit of $22,400 ($192,000 sales price - $80,000 principle amount - $80,000 funds brough to closing - $4,000 origination fee - $5,600 in interest.

Loan Example 2

Jillian is a real estate investor in Brooklyn, NY. She buys an older townhouse for a remodeling project and takes a private money loan from West Forest Capital with the following paramters:

$300,000 purchase price
80% loan to value (LTV)
6 month term
10% interest rate
2% origination fee

After the rehab project is finished, if Jillian sells the property for $390,000, the numbers would be the following:

$390,000 sales price
- $240,000 principle (80% LTV)
- $60,000 cash paid at closing (20% on 80% LTV)
- $4,800 origination fee (2% of the $240,000 principle)
- $12,000 interest payments (6 months x 10% interest)
-----------------------
= $73,200 gross profit (doesn't include taxes or rehab costs)

No Reviews Yet

West Forest Capital currently has no reviews. To add a review now, click the link below:

Write a Review for West Forest Capital