New Jersey Private Money Lenders
Seeking a private money loan secured by real estate in New Jersey? On this page you'll find a list of direct private money lending companies that offer fast funding for a New Jersey property purchase, refinance, or equity cash out in 1st lien position. Private money loans are for short-term (3-24 months) and primarily qualify based on equity in the subject property, at least 30% for most lenders. Scroll below the lender list.Searching...
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Malve Capital LLC
Fast And Easy Real Estate Loans. Closing as fast as 5 business days, subject to clear title.
Nationwide Mortgage
Outstanding Service for Investment Property Bridge, Rehab, Rental, and Construction Loans
New Jersey Private Money Interest Rates
According to the private money loan documents software company, Lightning Docs, the average interest rate for New Jersey private 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 investment properties in New Jersey between January 1, 2024 and March 31, 2024 by multiple private lending companies 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 private 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 private 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 private lenders who use Liquid Logics’ loan origination software to manage their lending operations.
Top 10 New Jersey Private Lenders
According to Forecasaâ„¢, here are the Top 10 Private Lenders ranked by the number of private mortgage 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
Forecasaâ„¢ provides analytics data for New Jersey private lending on a quarterly basis. You’ll find their top lenders data for many other states on our platform.