Hard Money Lenders in NJ are busy. Why? There are numerous lucrative real estate deals in New Jersey, and Do Hard Money is pleased to offer direct funding for your next fix and flip or refinance property in the Garden State.
Do Hard Money will approve your asset-based NJ hard money loan completely by assessing the property not you as the borrower. A true hard money lender will base your loan approval on the investment property and the overall quality of the deal. Once we’ve evaluated the property, the LTV (loan to value) ratio of the deal will determine your loan amount. This loan amount, combined with our gap funding resources, can make it possible for you to get 100% Financing on your deal.
Hard Money New Jersey Loan Terms for Loans Directly Funded
What Kind of Funding Is Available?
Up to 100% Financing Available
We fund up to 70% of the ARV
Minimum ARV of $70,000
No minimum loan amount
Maximum loan amount $250,000
Loan term 5 months
What Will It Cost?
Interest starting at 1.25% per month
Origination starting at 5.5%
No monthly payments
No and low cash to close options available
Gap financing allowed
No pre-payment penalty
Why Use DoHardMoney?
Full disclosure at time of loan offer
Proprietary foreclosure protection
No experience required
No minimum credit score required
Simultaneous deals allowed
NJ Fix and Flip Loans
We fund deals for new and seasoned real estate investors.
Need no or low cash to close? We can do that. Want lower rates and better terms? We’ve got those loan types too.
All of our New Jersey house flipping loans are based on After Repair Value. We can even work with borrowers with bad credit.
Refinance Loans Available
Our refinance options allow you the flexibility needed to accomplish your purpose.
Cash out or no cash out, you decide how you want the loan structured.
50%-65% ARV depending on property
*When DHM extends a New Jersey hard money loan it does not guarantee that each or any particular deal funded will result in profit.
New Jersey Real Estate Market Statistics (2015)
New Jersey is the 4th smallest state, yet the 11th most populous state, as well as the third wealthiest state in the U.S. In addition to a wide variety of historic landmarks, New Jersey boasts a beautiful coast and exciting nightlife. The Garden State has grown in popularity, with the number of house flips increasing 13% over the past year and the overall home value rising 2.7%. New Jersey provides a large number of REI opportunities, with many of its counties being the hottest areas in real estate. According to Realestatenj.com, “North Jersey communities dominate the list of the most in-demand markets for home buyers.” If you’re looking to make an excellent profit on a rehab deal, New Jersey is the perfect place to take advantage of low property prices and high margins.