FAQs

  • What is a private real estate loan?

    A hard‑money loan is a short-term, asset‑backed loan secured by real estate rather than the borrower’s creditworthiness—ideal for acquisitions, rehab projects, or bridge financing when speed matters.

  • How quickly can Westridge close a loan?

    We typically close in 7–14 days—much faster than traditional mortgage timelines, which can take 45–90+ days .

  • What types of loans does Westridge offer?

    We offer a range of asset‑based loans preferred by active real estate investors, including: Fix‑&‑flip, Bridge loans, Construction financing, Rental property DSCR loans, Commercial property loans

  • What criteria does Westridge use to approve loans?

    We focus primarily on the property itself—its equity, value, and post-rehab potential—rather than credit scores or personal income. That means minimal documentation, no tax returns, and flexible approval terms

  • What kind of documentation is typically required?

    At a minimum, we need: Property address and photos, Purchase contract or refinance statement, Renovation or construction budget, Estimated “as‑repaired” value (ARV), Loan term and exit strategy (e.g., refinance or sale)

  • What are your interest rates, points, and fees?

    Rates typically fall between 9–14%, with origination fees (points) around 1–3% of the loan amount. We’ll provide a full breakdown in your term sheet, including any appraisal or closing costs.

  • Do you require borrower credit checks or minimum scores?

    We perform light credit checks primarily to verify identity and uncover any major issues like liens or judgments. However, low credit scores or credit history gaps do not disqualify you.

  • Is an appraisal required to close?

    Most loans do require an appraisal for BOTH current value and ARV—unless we can rely on a recent, high-quality appraisal. This safeguards equity and informs loan-to-value limits.

  • Are there prepayment penalties?

    No. We offer interest-only, short-term structures without prepayment penalties. Pay early and save on interest.

  • What is your typical loan-to-value (LTV) or loan-to-cost (LTC)?

    We underwrite conservatively. Typical limits:

    LTV: 60–75% of ARV for investment properties

    LTC: 70–80% for rehab or construction loans

  • Can I refinance or convert the loan?

    es—upon project completion or stabilization, you can refinance into a permanent loan or roll into new financing terms. Our structure supports long-term planning.

  • Is hard money lending a secure investment for investors?

    For accredited investors, investing in Westridge loans offers predictable, collateral-secured returns—typically 8–12% annually. However, all investments carry risk and returns depend on conservative underwriting, proper LTV, and active servicing.