New Jersey Refinance / Cash Out Loans
New Jersey has 44 private money refinance lenders serving the state. The mean note made to borrowers is about $314,240. Rates for loans average about 11.0%. 33 months is the mean length for loans made in the state. The mean origination percentage charged for loans is 3.2%. Lenders in New Jersey average a 73% loan to value on their deals.
Loan Example 1
Deanna owns and operates a small business in Montclair, NJ. She runs her operations out of a warehouse which she owns outright. She determines she needs cash for her business's operations but she is turned down by her credit union for a cash-out refinance, so she goes to Big Money Lending for a private money refinance. The lender performs a market comparison and estimates the real estate to be worth about $1,700,000. They agree to loan Deanna 70% of this estimated market value (the LTV). The lender will deduct 3 origination points at the close and will collect interest only payments at 11% for 3 years. The principle will be paid off in a single balloon payment when the note matures. Deanna will receive $1,154,300 in cash from Big Money Lending when the transaction is executed ($1,700,000 estimated market value x 70% loan-to-value - $35,700 in origination charges). She will then begin making payments each month of $10,908 for the 3 year term of the note. She will then make a final balloon payment of $1,190,000 to retire the debt.
Loan Example 2
Emma is an entrepreneur in Montclair, NJ and she owns a retail space she uses for her operations. She turns to K & M Finance Company for a cash-out refinancing after she is rejected for a loan by her local bank to pay for her company's current operational needs. In exchange for a first position equity stake on the property, the lender agrees to loan Emma 70% of its $2,800,000 value. The other rules of the deal are the following : 1) a 10% interest rate, 2) a 2 year length with interest-only payments paid monthly, and 3) 1 points charged at the close. The loan principle is $1,960,000 but K & M Finance Company will fund Emma $1,940,400 after subtracting the origination fee of $19,600. They will also receive $16,333 in monthly interest until they are paid back when the loan expires.
With more than $12.3B in funded loans, Kiavi is one of the nation’s largest private lenders to residential real estate investors!
HardMoneyLoans.com is a national lender based in Beverly Hills, CA that can get your loan funded from $250k-$75M for all kinds of real estate projects. We specialize in hard money loans for all commercial and residential properties types, bridge loans, ...
Stratton Equities
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Anchor Loans
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Direct Lending Partner
701 W Broad Street, Suite 200
Bethlehem, PA 18018
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Kiavi
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JCAP Private Lending
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Newport Beach, CA 92626
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Harbor Private Equity
1075 Peachtree Street NE, Suite 3650
Atlanta, GA 30309
We want to see any commercial transaction that makes sense. The principals at Harbor Private Equity have over 75 years experience in the hard money, bridge loan marketplace. We specialize in raw land, development, construction and bridge loans for non-owner ...
Lima One Capital
201 East McBee Ave, Suite 300
Greenville, SC 29601
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Stormfield Capital
35 Old Post Road
Southport, CT 06890
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RCN Capital
75 Gerber Road East
South Windsor, CT 06074
Headquartered in South Windsor, CT, RCN Capital is national, direct, private lender providing funding in 44 states across the country.Established in 2010, we provide short-term and long-term commercial loans ranging from $50k to $2.5M+ for the purchase of non-owner occupied ...
Visio Lending
1905 Kramer Lane, Suite B700
Austin, TX 78758
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Dominion Financial
32 S Street
Baltimore, MD 21202
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New Silver
2475 Albany Ave #203B
West Hartford, CT 06117
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Patch Lending
15000 Ventura Blvd Ste 300
Sherman Oaks, CA 91403
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Washington Capital Partners
2815 Hartland Road, Suite 200
Falls Church, VA 22043
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Asset Based Lending LLC
66 Hudson Street, Suite 301
Hoboken, NJ 07030
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Secured Investment Lending
1485 International Parkway, Suite 1031
Lake Mary, FL 32746
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Straightline Funding
250 N. Trade Street, Suite 209
Matthews, NC 28105
Straightline Funding is direct hard money lender that provides loans in many larger metro areas throughout the US. We specialize in 1-4 family loans for investors. Our loan menu consists of:R2R (Residential For Rent): 30 Year fixed rate loans for ...
Hard Money Bankers
10015 Old Columbia Rd, Suite H-125
Columbia, MD 21046
Headquartered in Columbia, MD, Hard Money Bankers is an asset-based lender offering loans in Maryland, Virginia, Washington DC, Pennsylvania, and New Jersey. They offer lending solutions for many different needs and situations, including private refinancing, commercial loans, fix ...
Gelt Financial
6401 Congress Ave, Suite 215
Boca Raton, FL 33487
Gelt Financial LLC was founded in 1989 to help both borrowers and brokers finance their real estate. With loan amounts from $100K-$5M on vacant, non-owner occupied, and owner-occupied properties, Gelt Financial funds both purchases and refinances. Additionally, Gelt provides creative ...
Genesis Capital
21650 Oxnard Street, Suite 1700
Woodland Hills, CA 91367
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34 South Broadway, Suite 204
White Plains, NY 10601
(212) 634-7899 - Loan Fundr a premier Nationwide asset-based lender using technology to close loans fast. We think creatively, providing fair and transparent loans that get our clients what they need.
Pepe Berard Capital
211 South Ridge Street
Rye Brook, NY 10573
Pepe Berard Capital is hard money lender based in Rye Brook, NY. They provide loans in 12 states across the US. They provide private commercial loans, new construction loans, bridge loans, fix and flip hard money loans, ...
Peak Choice Capital
601 Silver Creek Drive
Shorewood , IL 60432
Chicago-based lender Peak Choice Capital is a private lender providing funding in 45 states throughout the US. Peak Choice Capital offers short-term bridge loans, DSCR loans for investment properties (1-4 units and 5+ units), cash-out loans, fix-and-flip loans, and small-balance ...
Sunset Equity Funding
6125 Washington Blvd, 3rd Floor
Culver City, CA 90232
Sunset Equity Funding is a hard money lender based in Los Angeles, California. They issue loans in all states except for Alaska, North Dakota, and South Dakota. Their loan offerings include purchase loans, fix and flip loans, new construction loans, ...
Capital Three Sixty
7 Towpath Lane
Avon, CT 06001
Based in Aon, CT, Capital Three Sixty is an asset-based lender providing loans in 15 states across the United States. They provide lending solutions for a variety of scenarios, including hard money loans for commercial properties, loans for investments ...
Sharestates
45 North Station Plaza
Great Neck, NY 11021
Sharestates is a private, hard money lender in 46 states across the US. We offer financing solutions for a variety of needs and situations, including hard money loans for commercial properties, residential fix and flips, ground up construction, and long ...
Rental Home Financing
9465 Counselors Way, Suite 200
Indianapolis, IN 46240
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YC Funding
1010 NE 2nd Ave
Miami Beach, FL 33132
Headquartered in Miami Beach, FL, YC Funding is an asset-based lender offering loans in 23 states across the United States. They offer construction loans, cash out loans, buy and hold loans, short term bridge loans, fix and flip hard ...
Asset Avenue
1100 Glendon Ave, 18th Floor
Los Angeles, CA 90024
Asset Avenue is private money lender based in Los Angeles, CA. They provide loans in 44 states across the United States. They provide loans for a variety of needs and situations, including short term loans, investment property ...
Empire State Mortgage
3504 Park Ave
Weehawken, NJ 07086
Empire State Mortgage is private lender headquartered in Weehawken, NJ. They offer funding throughout New York, New Jersey, and Florida. They offer fix-and-flip loans, refinancing, loans for investments properties, and hard money loans for commercial ...
JG Funding
531 Wild Ave
Staten Island, NY 10314
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Investor Rehab Funding
1995 North Park Place SE, Suite 415
Atlanta, GA 30339
Investor Rehab Funding is hard money lender headquartered in Atlanta, GA. They provide loans in 40 states throughout the US. They offer fix-and-flip hard money loans, private refinancing, investment property loans, and new construction loans. ...
Oak Leaf Financial
110 MARTER AVENUE SUITE 103
Moorestown, NJ 08057
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Full Scope Capital
7424 Baltimore Annapolis Blvd Suite 1
Glen Burnie, MD 21061
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Alpine Mortgage Services
201 W Passaic Street, Suite 101
Rochelle Park, NJ 07662
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A&D Mortgage
1040 South Federal Highway
Hollywood, FL 33020
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Gala Resources
1212 Avenue of the Americas
New York, NY 10036
Gala Resources is private lender headquartered in New York, NY. They offer funding in 8 states throughout the country. They offer private refinancing, rental property loans, fix-and-flip hard money loans, bridge loans, hard money loans for commercial ...
York Funding
37-18 Northern Boulevard, Suite 417
Long Island, NY 11101
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Baker Collins & Co.
260 Peachtree St, Suite 1002
Atlanta, GA 30303
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Bridge Well Capital
496 Delaney Ave #408
Orlando, FL 32801
Bridge Well Capital is a hard money lender in Orlando, FL offering funding in 40 states throughout the United States. They provide loans for investments properties, cash out hard money loans, and fix-and-flip hard money loans. Their ...
Resolve Funding
5600 Arapahoe Ave
Boulder, CO 80303
Resolve Funding is a Boulder, CO based private lender who provides funding in 18 states across the US. They offer hard money bridge loans, fix-and-flip hard money loans, cash out loans, and commercial loans. Their lending guidelines ...
Unlimited Capital Group
2670 N. Main St, Suite 350B
Santa Ana, CA 92705
Based in Santa Ana, CA, Unlimited Capital Group is a private lender offering loans in 15 states across the country. They offer loans for a variety of situations, including fix-and-flip loans, refinancing, bridge loans, loans for rental properties, commercial ...
Regina Capital
20 Scenic Hill Lane
Monroe, CT 06468
Regina Capital is an asset-based lender headquartered in Monroe, CT providing loans in New York, New Jersey, Massachusetts, and Connecticut. They provide lending solutions for many different scenarios, including commercial loans, private refinancing, hard money construction loans, rental ...