New Jersey Hard Money Lenders
Concerned about getting scammed by an unscrupulous hard money lender in New Jersey?
To help real estate investors borrow with confidence we create EmpireFunders; the best online directory of verified and licensed lenders in The U.S.
Possibly you need a rehab loan for a commercial retail property in Newark, need to cash-out refinance a multi-family apartment complex in Jersey City or want to purchase an office building in Paterson, our New Jersey private money lenders are here to fund your project.
With almost 9 million residents, The Garden State is the most densely populated state in the nation.
Industries such as biopharmaceuticals, transportation and manufacturing along with having a close proximity to New York City and Philadelphia help make New Jersey one of the top 5 richest states in the country.
Top New Jersey Hard Money Loans Summary
Lender | MAX | RATE | LTV | |
|---|---|---|---|---|
$5m | 6.99% | 70% | ||
$2m | 9% | 80% | ||
$2m | 4.25% | 90% |
The 3 Best Hard Money Lenders in New Jersey
Stormfield Capital Funding
Stormfield Capital Funding is a direct commercial bridge lender that specializes in bridge loans for commercial and residential real estate investors all across the East Coast.
They provide private money loans from $250k to $7.5mil to real estate investors and developers on fix & flips, commercial bridge loans, investment property line of credit and whole loan acquisitions.
They primarily focus on the value of the underlying real estate collateral when originating a loan.
Before You Apply
- Loan Amount: Minimum of $250,000
- Interest Rate: Minimum of 6.99%
Best Features:
- Funds commercial bridge loans between $250k and $7.5m
- They offer specialized loan programs for interest-only commercial bridge loans, fix & flips, investment property LOC and whole loan acquisitions
Asset Based Lending, LLC
Transforming Neighborhoods and Building Relationships from the Ground Up
Asset Based Lending is an East Coast hard money lender located in New Jersey. They have a variety of tailor made loan programs including fix and flip, new construction, cash out refinances and rental property loans for non-owner occupied properties.
They fund 12 month term deals from $75k to $2mil and have a loan to value ratio of 70% to 85% depending on the loan program.
Before You Apply
- Loan Amount: Minimum of $75,000
- Interest Rate: Minimum of 9%
Best Features:
- Loan pre-approval within 24 hours and can close in as few as 3 days
- 12-month, interest-only bridge financing for fix & flips, new construction and cash-out or refinances
- Direct, local East Coast lender that has funded over 1,500+ fix & flip loans
Straightline Funding
Direct Lender. Fast Closings.
Straightline is a hard money lender located in North Carolina and provides loans on single and muli-family properties.
They have a straight forward application process that requires very little documentation and provide both short and long term lending options. Their loan menu includes rehab loans, simple bridge loans, 30 year landlord loans and transactional funding.
Before You Apply
- Note: We do not lend on owner-occupied properties
- Loan Amount: Minimum of $50,000
- Loan Amount: Maximum of $2,000,000
- Interest Rate: Minimum of 4.25%
Best Features:
- Direct Lender, not a Broker
- Deal Directly with Decision Makers
- Reduced Fees for Repeat Clients
New Jersey Hard Money Stats
- Loan Amounts
- $25k to $100m
- Interest Rates
- 3.99% to 15%
- Term Lengths
- 1 to 360 months
- Origination Points
- 1 to 5 points
- Loan to Value Ratio
- 65% to 100%
- Loan to Cost Ratio
- 65% to 100%
- Closing Time
- 1 to 25 days
States Nearby
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