Best Hard Money Lenders New Jersey

Top 9 Best Hard Money Lenders in New Jersey in 2021

1. Hard Money Man

Hard Money Man LLC is a New Jersey based private money lender. They're a national lender with over 20 years of experience in hard money loans, they're one of the most experienced lenders avaailable. They've closed and funded over 7,500 loans totaling over 1.2 billion in transactions.

Here's some more details:

• Rates from 8% for more experienced investors
• Funding up to 90% of Purchase Price
• 100% of Rehab up to 75% ARV
• Credit requirements: 650+ for new investors, 620+ mid for experienced
• Minimum 65k purchase price
• No Prepayment penalty

2. Asset Based Lending

Asset Based Lending, LLC was founded in 2010 and is a leading local source of hard money loans in New Jersey. We have consistently received praise from our borrowers who emphasize our quick, hassle-free closings, favorable terms, and creative financing solutions. Their a direct lender and they come highly rated on Google. 

Here’s more info about their loans:

• Experience: Any
• Credit Score: 650
• Minimum Interest Rate: 9-11%
• Points: 1-2%
• ARV: Up to 85%
• Property Types: Single Family, Multi Family, Mixed Use
• Pre-Pay Penalty: No
• Extensions: Available
• Loan Size: $75K – $2.5M
• Loan Terms: 12 months

#3. HML

Private Lenders Hard Money is a unique type of hard money lending company. They specialize in hard money loans for New Jersey investors. They offer loan programs for single family, multi family and commercial properties.

Here’s more about their rehab loans:

• Loan amounts from $75,000 to $1,500,000
• 3% Origination Fee
• 8.5% Interest Rate
• 12 month term
• 100% financing for repairs and renovation
• No subordinate liens allowed
• Closing in 3-7 Business Days
• Monthly payments with balloon payment

#4. Hard Money Bankers

HARD MONEY BANKERS is a self-funded private money lender based in New Jersey. They provide fast financing for residential and commercial investment real estate properties. They have excellent feedback from their clients and are respected in the New Jersey area. 

Their terms are a bit less forgiving than some of the other lenders on this list. With origination fees from 3-5% and pre-payment penalties, they’re one of the more expensive lenders available.  

#5. Peak Properties LLC

Peak Properties, LLC, the parent company of Peak Private Lending, is a professional hard money lender in New Jersey. They also specialize in buying and selling properties from Pre-Foreclosures, Bank Owned (REO’s) Estate Sales, Trusts and Distressed Situations. They have been in the real estate and construction industry for over 30 years and have a successful record in commercial and residential projects.

They invest in their own properties as well as joint venture with other real estate investors. They can close in as little as 5-7 days and offer some of the most in depth knowledge considering their experience with their own projects.

#6. Alpha Funding Partners

Next on our list is Alpha Funding  Partners. Their another New Jersey hard money lender with a strong Google presence and a professional website. They offer loan programs for fix and flip, rentals, multi family and bridge loans. 

Here is more about their rehab loans:

•  1-4 unit properties

• Non-owner occupied

• 12-month terms

• Loans from $100,000-$5 million

• Loan-to-value to 85% of purchase

• 100% of the rehab funds provided

• 70% max after repair value

• No prepayment penalty

#7. First Equity Funding

First Equity Funding is a national lender, but they’re based in New Jersey. They focus solely on asset-based lending to real estate investors looking to rehab residential and commercial properties in 44 states throughout the US.

They provide hard money loans for up to 90% of the “as is” value of the property. Investors are also able to tap into 100% of the repair costs. The total loan amount cannot exceed 75% of the “As Repaired Value,” or ARV, of the property.

#8. Ashmore Partners

Ashmore Partners is one of the highest rated hard money lenders in New Jersey. They use simple forms to pre-qualify borrowers quickly to save  you time. They have NO junk fees and they disclose all of our fees upfront to ensure proper budgeting.

Here’s more about their rehab loans:

• Fix & Flip: up to 90% LTC, 75% LTARV
• New Construction: up to 85% LTC, 75% LTARV
• Origination Fees: as low as 2%
• Interest Rate: as low as 9%
• Doc Prep Fee: $950
• Wire Fee: $30
• Rehab Draw Fee: $250
• All Interest Payments can be built into the loan
• 100% Financing Options available for well qualified borrowers

#9. Stratton Equities

Stratton Equities is the leading Nationwide Direct Hard Money & NON-QM Lender that specializes in fast and flexible lending processes. Our team is owned and operated by experienced Real Estate Investors providing a reliable and knowledgeable team to help all Real Estate investors succeed. 

​Our Hard Money and Direct Private Money loan programs support the following investment projects:

• Fix and Flip
• Cash Out – Refinance
• Fixed Commercial Loans
• Commercial Bridge Loans
• Bridge Loans
• Stated Income/No-Income Verification Loans
• Rental Loans
• Foreclosure Bailout Loan 
• NO-DOC
• Blanket Loans
• Fixed Rental Programs
• Multi-Family Loan