New Jersey Hard Money Lenders
Need a hard money loan secured by real estate in New Jersey? This page has a list of direct hard money lenders that offer quick funding for a New Jersey property purchase, refinance, fix & flip, rehab & rent, ground-up construction, and equity cash out in 1st lien position. Hard Money lending is only for investment properties, not for homesteads. The loans are mainly based on equity in the subject property. For most lenders, the maximum LTV is typically 70% for a purchase and 65% for an equity cash out loan. Scroll to see the list of lenders.Searching...
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RCN Capital
Direct Lender for Residential Fix & Flip, Long-Term Rental, Bridge Loans
Malve Capital LLC
Fast And Easy Real Estate Loans. Closing as fast as 5 business days, subject to clear title.
Rehab Financial Group
100% Financing for Rehab, Flip and Construction Projects - NO DOWN PAYMENT!
Nationwide Mortgage
Outstanding Service for Investment Property Bridge, Rehab, Rental, and Construction Loans
Stormfield Capital, LLC
Direct Balance-Sheet Lender for Investment Properties
HouseMax Funding
Hard Money Loans to Fund Your Next Big Project
Kiavi
Servicing 12,000+ Real Estate Investors Across the Country
Park Place Finance
Nationwide Direct Private Lender for Residential Real Estate Investors
i Fund Cities
Great F#*%ing Loans, Built By Investors For Investors
Pimlico Capital
Direct Lender for Real Estate Investors | Established in 2016
Lima One Capital
The Nation's Premier Lender for Real Estate Investors
Gelt Financial, LLC
Creative Private Financing for Commercial Real Estate since 1989
IceCap Group
Flexible & Friendly Funding for Property Investors Across the Country
LendingOne
Rental, Fix & Flip, Construction & Multifamily Bridge Loans Nationwide
American Heritage Lending
Direct Lender for Residential Real Estate Investors Nationwide
Conventus
We Fund Fast While Providing Excellent Service and Competitive Pricing
Yieldi LLC
Direct Lender for Investment Properties - Bridge, Rehab, Construction
Crosby Capital USA
Fast Bridge Loans for Multifamily and Residential Investment Properties
Tower Fund Capital
Direct Lender for Purchase & Refinance Bridge Loans
New Jersey Hard Money Interest Rates
According to the hard money loan documents software company, Lightning Docs, the average interest rate for New Jersey hard money loans in the 1st quarter of 2024 was 10.85%. The average loan amount was $431,808. These stats are the average of 155 short-term loans (including bridge, rehab, and ground-up construction) funded for properties in New Jersey between January 1, 2024 and March 31, 2024 by multiple hard money lenders that use Lightning Docs as their preferred software provider to prepare loan documents.
According to private lending data provider, Analytics Logics, the average interest rate for New Jersey hard money loans in the 1st quarter of 2024 was 11.38%. Lenders charged an average of 2.5% points (origination fee). The average LTV (loan-to-value) for hard money loans in New Jersey was 63%, and the average loan amount was $569,510. These stats are the average of all the loans which were funded between January 1, 2024 and March 31, 2024 by the many hard money lenders who use Liquid Logics’ loan origination software to manage their lending operations.
Top 10 New Jersey Hard Money Lenders
According to Forecasa™, here are the Top 10 Private Lenders ranked by the number of loans originated in New Jersey in the last 12 months from March 2024.
- ROC Capital
- Broadview Funding
- Kiavi
- Asset Based Lending LLC
- Renovo Financial
- RCN Capital LLC
- Constructive Loans LLC
- Firstloans Inc
- PVOne Capital
- Icecap Group
Forecasa™ provides analytics data for New Jersey hard money lending on a quarterly basis. You’ll find their top lenders data for many other states on our platform.
Completed Hard Money Loans in New Jersey
Gelt Financial, a direct hard money lender, funded a $225,000 equity cash-out refinance loan secured by a residential rental property in Wildwood, NJ. The Borrower had a unique financial situation. She and her husband owned a total of 4 properties, but they went through a divorce, and the judge allocated 2 properties to each spouse. The husband was ordered to remove the Borrower from his 2 properties within a certain time frame but failed to do so, and both went into default. This ruined the Borrower’s credit, so she was unable to get a conventional loan. Eventually, the judge ordered those 2 properties to be allocated to our Borrower, but they came with a lot of past-due taxes and penalties. The subject property for our hard money loan was one she owned free and clear. It’s a townhouse/condo very close to the Shore and is always rented out seasonally with short-term leases, so there wasn’t enough verifiable income on it for her to get a conventional loan. We estimated the value to be over $550,000 which put our 1st mortgage at around 50% loan-to-value. We did not require an appraisal. The Borrower plans to sell one of her other properties in order to pay us off within the 2-year loan term. This hard money loan was funded in June 2021.
Gelt Financial, a direct hard money lender, provided 100% financing for the purchase and rehab of a small commercial property in Vineland, NJ. The Borrower/Sponsor is a contractor who had a solid plan to purchase the property, which was previously a funeral home, and convert it into a medical office. He already had a lease agreement signed with a non-profit organization to occupy the property as soon as the renovations are completed. The purchase price was $350,000 with a rehab budget of $125,000. We estimate the completed value will be around $1.1M. The exit strategy is to sell the property to the new tenant within 2 years. The Borrower has a very bad credit history and didn’t have the cash to contribute, but he’s a repeat client we’ve provided financing to in the past, so we decided to be a JV equity partner to provide a 1st mortgage and all the equity. The 1st mortgage will earn interest, and we will receive 50% of the profits upon the sale. This JV equity deal was funded in March 2021.