Top Fix and Flip Lenders New Jersey – Hard Money Lenders New Jersey (2024)
Hard money lenders New Jersey, HardMoneyMan.com offers hard money loans in NJ for fix and flip rehab loans, ground up construction projects as well as on rental properties.
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#1 for Hard Money Loans in New Jersey
Submitting your application package to New Jersey Hard Money Lenders is quick and easy.
What do Hard Money Lenders New Jersey offer for Real Estate Investors?
Hard money lenders in New Jersey provide financing options tailored to the needs of “fix and flip” investors. These lenders prioritize a shortened timeline and assess the value of real property to be used as loan collateral. Here are some essential points about hard money lenders in New Jersey:
- Hard Money Loans:
- These loans enable real estate investments even when traditional lenders may not approve, especially for fix-and-flip properties or rental investments.
- Investors can access capital swiftly, allowing them to seize opportunities promptly.
- Benefits for Borrowers:
- Lower Down Payment Requirements: Hard money loans typically require a lower down payment compared to conventional loans.
- Greater Flexibility: Borrowers have more freedom in using the funds for various investment purposes.
- Choosing the Right Lender:
- Not all New Jersey hard money lenders offer the same terms and conditions.
- It’s crucial to select a lender that aligns with your specific investment goals and project requirements.
Remember that New Jersey’s real estate market is vibrant, and demand for housing remains strong. Hard money lenders serve as valuable resources for investors seeking to capitalize on opportunities in this competitive market.
We Lend in:
Newark, Jersey City, Paterson, Elizabeth, Toms River, Clifton, Camden, Trenton, Passaic, Union City, Atlantic City and other cities in New Jersey
What loan programs does HardMoneyMan.com LLC offer as the leading Hard Money Lenders New Jersey?
HardMoneyMan.com LLC offers a variety of loan programs for real estate investors in Houston, including:
- New Construction Loans:
- Terms: 12-24 months
- Loan Amounts: $100k – $3M
- Up to 75% of initial advance
- Up to 90% total loan to cost
- Rates start at 12%
- Requirement: At least one new build and sale in the last 36 months
- Fix and Flip (ARV Loans):
- Term: 12 months (18 months for larger projects case by case)
- Loan Amounts: $50k – $7M
- Up to 90% of the purchase and 100% of the repairs
- Rates start at 12%
- 30 Year Rental Loans for Landlords:
- Types: 5/1 ARM, 7/1 ARM, 10/1 ARM, 30 Year Fixed
- Loan Amounts: $50k – $2M
- Up to 80% loan to value on purchases
- Up to 75% loan to value on refinances
- Minimum Credit Score: 660
- Rates from 7.49%
- Interest-only options available
- Loans for 5 to 20 Unit Apartment Buildings and Mixed Use Rehab:
- Term: 18 months
- Loan Amounts: $250k – $10M
- Up to 80% loan to cost
- Rates from 7.49%
- Minimum Credit Score: 680+
These programs are designed to cater to various investment strategies and project types, offering flexibility and quick funding solutions for investors. For more detailed information or to apply, you can visit their loan programs page.
Unlock Real Estate Opportunities Today!
Whether you’re flipping properties, developing real estate, or need bridge financing, our trusted hard money lenders in New Jersey are here to support your investment journey. Explore customized loan programs and seize real estate opportunities in the Garden State. Don’t wait—take the next step toward your financial goals!
What areas are you a hard money lender in New Jersey?
From Newark to Cape May to the Jersey Shore to Princeton, Hardmoneyman.com LLC has helped real estate investors from new to experienced achieve their investment goals. Regardless of your location in New Jersey, Hardmoneyman.com LLC is there to help you achieve your funding needs.
Our quick and efficient process from intake to underwriting to closing, and then draws done in-house with our construction team, make us the market-leading hard money lenders in New Jersey .
Contact us today and discover why we are the premier hard money lender for New Jersey real estate investors.
New Jersey Hard Money Lenders for Fix and Flips
Fix and flip projects are made up of two main components, the quick turn around as well as fast closing hard money loans. This is why so many real estate investors in New Jersey who are looking for fix and flip hard money lenders in New Jersey turn to us. We have funded thousands of projects in New Jersey and yours could be next. For experienced flippers we lend 90% of the purchase and 100% of the repair costs. We will fund first time investors as well! Here is some interesting info on house flipping in 2022.
New Jersey Fix and Flip Loans
New Jersey Construction Loans
New Jersey Rental Loans
New Jersey Multi Family Loans
How do Hard Money Lenders New Jersey HardMoneyMan.com LLC calculate loan to value on a project?
HardMoneyMan.com LLC, a reputable hard money lender based in New Jersey, calculates the loan-to-value (LTV) ratio for real estate projects as follows:
- Maximum Loan-to-Value Ratios:
- Up to 75% of the property’s “as-is” value, not to exceed 90% of the loan-to-cost (LTC) (determined by the purchase price).
- Up to 70% LTV after repair value (LTARV) on loans with construction reserves (determined by appraisal).
- Up to 75% LTV for cash-out refinance.
- Calculation Example:
- Suppose you’re purchasing a property for $200,000 and plan to invest an additional $50,000 in renovations.
- The total cost (LTC) is $250,000.
- If the property’s appraised value after repairs is $300,000, the LTARV is 70% of $300,000, which is $210,000.
- The LTV would be $210,000 (LTARV) divided by $300,000 (appraised value), resulting in an LTV of approximately 70%.
Hard money lenders use these ratios to assess risk and determine the loan amount based on the property’s value.
What qualifications does HardMoneyMan.com LLC require for NJ Construction Loans?
HardMoneyMan.com LLC offers New Jersey construction loans with the following qualifications:
- New Construction Loans:
- Loan Term: 12-24 months
- Loan Amount: $100,000 to $3 million
- Loan-to-Value (LTV):
- Up to 75% of initial advance
- Up to 90% total loan-to-cost
- Rates: Start at 7.99% to 12%
- Qualification Requirement:
These loans provide the necessary capital to get your construction project off the ground. If you meet the qualifications, you can explore their competitive interest rates and move forward with your project!
What sets HardMoneyMan.com LLC apart from other Hard Money Lenders New Jersey?
HardMoneyMan.com LLC, a New Jersey-based hard money lender, stands out for several reasons:
- Experience and Track Record:
- With over 20 years in hard money lending, HardMoneyMan.com LLC has a proven history of assisting real estate investors nationwide.
- Their expertise spans various investment scenarios, from fix-and-flip projects to ground-up construction.
- Customized Loan Programs:
- Unlike one-size-fits-all approaches, they tailor loan programs to meet specific investor needs.
- Whether you’re a seasoned flipper or a first-time investor, they offer solutions.
- Efficient Process:
- From intake to underwriting to closing, their quick and efficient process ensures timely funding.
- In-house construction teams facilitate seamless draws for construction projects.
- Coverage Across New Jersey:
- Regardless of your location in New Jersey, HardMoneyMan.com LLC is there to help you achieve your funding needs.
- From Newark to Cape May to the Jersey Shore to Princeton, they’ve assisted investors across the state.
- Positive Reviews:
- Real estate professionals commend their services, emphasizing efficiency, transparency, and reliability.
- Clients appreciate their straightforward approach and commitment to delivering on promises.
How is the New Jersey Real Estate Market for Investing in 2024?
As we navigate through the early months of 2024, the residential real estate landscape in New Jersey presents a series of enlightening trends. Let’s delve into these statistics, breaking them down to understand their implications for homeowners, prospective buyers moving to New Jersey, real estate professionals, and those interested in the region’s residential real estate market.
- Nationwide Trends:
- The U.S. existing-home sales rose by 3.1% in February 2024, reaching a seasonally adjusted annual rate of 4.00 million, the highest since August 2023.
- Growth has been most apparent in the Midwest, South, and West regions1.
- New Jersey Real Estate Market Update: February 2024:
- Closed Sales and Prices:
- Overall closed sales declined slightly by 2.1% year-over-year.
- Median sales prices soared by an impressive 12.5% across all properties.
- Single-family homes experienced a significant 13.6% jump in median sales price to $500,000.
- Townhouse-condo properties also saw a 13.5% increase to $386,000.
- Adult communities had a more modest rise of 3.1% to $335,000.
- Segmented Sales Performance:
- Single-family home sales declined by 3.2%, while townhouse-condo sales grew by 3.6%.
- Adult communities faced the steepest decline in closed sales at 8.6%.
- Inventory Insights:
- Total inventory for February increased by 2% from January but remains below the balanced market level.
- Demand continues to outpace supply, pushing the median sales price of existing homes up by 5.1% year-over-year to $379,1001.
- Closed Sales and Prices:
- Future Prospects:
- Interest rates are fluctuating around 6.5%, impacting buyer-seller dynamics.
- The surge in home prices reflects low inventory and heightened demand.
- While challenges exist, strategic investments in neighborhoods with growth potential and proximity to valued markets can yield profitable returns for investors2.
In summary, the New Jersey real estate market embodies a phase of adjustment marked by a blend of slowing sales, rising prices, and evolving inventory levels.
What are the best towns to invest in real estate in New Jersey?
Here are some highly-rated towns in New Jersey that you might consider for real estate investment:
- Camden:
- Median Home Value: $107,431
- Property Appreciation Rate: 26%
- Opportunities: Short- and long-term rentals.
- Ocean City:
- Newark:
- Cherry Hill:
- Atlantic City-Hammonton:
How can I contact HardMoneyMan.com LLC for more information about Hard Money Loans in New Jersey?
To get more information about Hard Money Loans in New Jersey from HardMoneyMan.com LLC, you can reach out to them through the following channels:
- Phone:
- Call them at (516) 526-8445 for pricing, details, and any inquiries related to hard money lending.
- Email:
- You can also email them at ken@hardmoneyman.com for further assistance.
Hard Money Lenders New Jersey – Why Choose Us?
We're in the Business
We’ve rehabbed, sold and rented investment properties ourselves. We know what to look for so you can be confident that your project will result in profit.
We're a Direct Lender
We loan the money. We don’t find the money form someone else. This means you can rest easy knowing that if we approve your loan, it’s going to get funded. No surprises.
We're Fast and Efficient
We can give you preliminary approval in as little as 24 hours and have your loan closed and paid out in less than 7-10 days. We’re one of the most efficient hard money lenders in New Jersey.
We're Investor Focused
We consider you our partner and we want you to make money. We make it a point to look at our loans from all angles to make sure you’re going to get a fair return.