Real Estate Loan Products in New Jersey
The Garden State is home to some of the most popular tourist attractions in the country, creating plenty of demand for rental properties. New Jersey's thriving economy makes it a great place to live, which is good news for investors who focus on fix and flips and new construction. So if you're looking for an attractive real estate market to invest in, New Jersey should be at the top of your list.
New Jersey Loan ApplicationInvestment Properties in New Jersey
New Jersey is a great place to invest in real estate. The local economy is strong and homes are selling for a median price of $455,600 this year. There are also many rental properties that yield strong returns, averaging more than $1,960 in rental income per unit each month.
New Jersey is home to many large employers, including several Fortune 500 companies. Among the state's top employers are Prudential Financial, Horizon Blue Cross Blue Shield of New Jersey, and PSEG, as well as top tech companies Amazon, Google, and Facebook. The nice addition to the New Real Estate Market is the proximity to New York City. When developing your strategy remember the employment numbers may be less due to those who travel out of state to work. Areas such as Hoboken and Jersey City will always be worth a look when devising a real estate investment strategy. Whether you need to find properties, flip houses, or are focused on wholesaling homes, New Jersey's vast company listings and NYC proximity make it a must-start.
New Jersey's population continues to grow. Demographics show that 14.1% of residents are between the ages of 25 and 34, 17.1% are between 35 and 44 and 35.9% are over 44 years old.
Submit an application today to start investing in real estate with money from LSM.
New Jersey is home to many large employers, including several Fortune 500 companies. Among the state's top employers are Prudential Financial, Horizon Blue Cross Blue Shield of New Jersey, and PSEG, as well as top tech companies Amazon, Google, and Facebook. The nice addition to the New Real Estate Market is the proximity to New York City. When developing your strategy remember the employment numbers may be less due to those who travel out of state to work. Areas such as Hoboken and Jersey City will always be worth a look when devising a real estate investment strategy. Whether you need to find properties, flip houses, or are focused on wholesaling homes, New Jersey's vast company listings and NYC proximity make it a must-start.
New Jersey's population continues to grow. Demographics show that 14.1% of residents are between the ages of 25 and 34, 17.1% are between 35 and 44 and 35.9% are over 44 years old.
Submit an application today to start investing in real estate with money from LSM.
✓ Just a few of the locations we service - Paterson, Jersey City, Atlantic City, Trenton, Elizabeth, Newark
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Loan Summary Information for New Jersey
Getting the right funding in New Jersey can be challenging but we can help; Lend Some Money (LSM) offers private money for real estate, built for your local investment needs in New Jersey. Whether you flip houses, or are interested in building a new home to sell, or a rental for the long term, LSM has a product that can help. We are one of the premier hard money lenders in New Jersey. Read on to learn more about our current offerings in New Jersey.
| Loan Products | FICO | $ Loan | Term | Rate | Points |
|---|---|---|---|---|---|
| FIX&FLIP (BRIDGE) | 620+ | $75K+ | 12-24 Mos | 10.25%+ | 2-4 |
| RENTAL (1-4) | 660+ | $75K+ | 30-Yrs | 7.59%+ | 1-4 |
| RENTAL (5+) | 680+ | $250K+ | 30-Yrs** | 7.89%+ | 2-5 |
| NEW CONSTRUCT | 650+ | $75K+ | 12-24 Mos | 10.89%+ | 2-4 |
All loans must be used for non-owner occupied properties purchased for investment. Commercial properties are not eligible for lending unless they are mixed use and comprise at least 50% residential use.
** 30 Years 5, 7, 10 or interest only