Navesink River Capital

About Navesink River Capital

Navesink River Capital is an asset-based lender in Freehold, NJ providing funding throughout New Jersey and New York. They provide lending solutions for a variety of scenarios, including short term loans, fix and flip loans, and commercial hard money loans. Their loan parameters are flexible, including rates starting at 9% , loan amounts starting from $75,000 with a maximum LTV of 75%, and terms between 12 months and 36 months. They make loans on all of the following types of properties: single family residences, multi family residences, apartments, office units, retail spaces, hotels/motels, storage facilities, senior housing facilities, mixed use buildings, warehouse spaces, industrial facilities, and medical offices.

Loan Types Offered: Fix and Flip Loans, Commercial Hard Money Loans, Bridge Loans

Property Types Covered: Single Family, Multi Family, Apartment, Office, Retail, Hotel, Storage, Assisted Living, Mixed Use, Warehouse, Industrial, Medical

Areas Served: NJ, NY

Lending Guidelines for Navesink River Capital

Below are the general loan guidelines published on the Navesink River Capital website. Please confirm all terms and rates directly with the lender.

Loan Examples

The following loans are for education purposes only. They do not represent actual loans executed by Navesink River Capital.

Loan Example 1

Navesink River Capital makes a fix and flip loan to Casey for a renovation project in Brooklyn, NY, on a house that costs $150,000. The lender agrees to issue a loan with a 60% loan-to-value (LTV) so they are willing to loan $90,000 on the house. The rate on the loan is 8% for a term of 12 months and the lender requires a one point origination fee at the close. The interest is to be paid on a monthly basis and the principle will be paid back after the sale of the property.

In addition to paying the $900 origination fee, Casey will also fund $60,000 of the purchase with her own money, or 40% of the sales price. The monthly interest only payments will then be $600 to Navesink River Capital. If Casey accomplishes her goal of a $187,500 total sales price at the end of the loan term, she would earn a gross profit of $29,400 after repaying the principle and deducting the cash she contributed at closing, the origination points, and the monthly interest payments.

Loan Example 2

Navesink River Capital issues a fix and flip loan to Bob for a remodeling project in Brooklyn, NY. The loan dictates the following:

a) A $350,000 purchase price, b) a 55% loan-to-value (LTV), c) a 12 month term, d) a 10% interest rate, and e) a 5% origination fee.

If Bob succeeds in his goal of a $437,500 sales price, the outcome of the deal would be the following:

$437,500 sales price
- $192,500 note principle (55% LTV)
- $157,500 down payment (45% on 55% LTV)
- $9,625 origination fee (5% of the $192,500 principle amount)
- $19,250 total interest paid (12 months x 10% interest)
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= $58,625 gross profit (does not include taxes or rehab costs)