New Jersey Bridge Lenders for Residential Investment Property
Are you seeking a bridge loan secured by residential property in New Jersey? On this page you'll find a list of select bridge lenders for New Jersey investment properties with 1 to 4 units. To get a 1st lien bridge loan, you must have at least 30% equity. Due to state laws and regulations, it's not possible to get a bridge loan for a homestead (owner-occupied primary residence) or 2nd home. Change the loan type to 'Residential Owner-Occupied' to find some alternative lending options.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 Bridge Loan Interest Rates
According to the loan documents software company, Lightning Docs, the average interest rate for New Jersey bridge loans in the 4th quarter of 2023 was 10.90%. The average loan amount was $532,303. These stats are the average of 161 short-term loans (including rehab and ground-up construction loans) funded for properties in New Jersey between October 1, 2023 and December 31, 2023 by multiple bridge 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 bridge loans secured by residential investment properties in New Jersey in the 4th quarter of 2023 was 10.86%. Lenders charged an average of 2.5% points (origination fee). The average LTV (loan-to-value) for bridge loans in New Jersey was 63%, and the average loan amount was $666,202. These stats are the average of all the loans which were funded between October 1, 2023 and December 31, 2023 by the many private lenders who use Liquid Logics’ loan origination software to manage their lending operations.
Completed Residential Bridge Loans in New Jersey
Equity Cash-Out Bridge Loan for Triplex in Jersey City, New Jersey
$750,000
Stormfield Capital, a direct portfolio bridge lender in Connecticut, funded a $750,000 cash-out refinance for a 3-unit multifamily property in Jersey City, NJ. The Borrower acquired the property, completed a gut renovation, and stabilized the 3-unit multifamily property using a national fix and flip lender. The Borrower came across an off-market property to acquire and needed to close very fast, so they turned to Stormfield to cash out some equity from the 3-unit property to get the cash needed to close on the new deal. We had an existing relationship with the Borrower and provided funding for another one of their deals in the past, so they knew that we would be able to execute in time-sensitive situations. This bridge loan was funded in March 2021.