Jersey City Bridge Loans
Rates Starting at 10%
The fastest Bridge Lender in the greater Jersey City area and the state of New Jersey.
We lend directly using our own capital.
- Instant pre-approval on the phone
- Funding typically within one week; two weeks for larger loans
- Loan amounts up to $10 million
|$100,000 to $5,000,000
|Up to 80% of purchase price
|Up to 70% of the ARV
|Standard is 12 months. 24-36 months is available
|First lien; second lien as additional collateral only
|1.5–2% of the loan amount
We provide Bridge Loans in the following counties in Jersey City:
- Bergen County
- Burlington County
- Essex County
- Hudson County
- Mercer County
- Middlesex County
- Monmouth County
- Morris County
- Ocean County
- Passaic County
- Somerset County
- Sussex County
- Union County
Why Use a Bridge Loan
- Much faster funding times. We operate on a completely different schedule than banks because we only underwrite the value of the property. This means funding times within 7 days for most deals. We can fund in 2-3 days if you have an existing appraisal.
- Force appreciation. Investors looking to create value will look to buy properties that have below-market rents or need substantial rehab. While banks will not fund the full potential of these properties (if they can fund at all), we will. Our bridge loans allow you to get temporary funding to stabilize the properties before refinancing with a bank or flipping.
- Rebuilding Credit. While we might check your credit history, most of our lending criteria are around the property itself. We offer bridge loans even if you have bad credit.
- Funding for your business. As a real estate investor, it’s best to avoid liability by holding assets in an LLC and not in your personal name. Our bridge loans are always made to your business.
Financing Your Jersey City Real Estate Investment
Whether you require a bridge loan in the northern, central, southern, or coastal areas of Jersey City or New Jersey, our coverage extends across the entire city and state. As a local lender, we possess an in-depth understanding of Jersey City’s specific town ordinances and zoning regulations, enabling us to expertly navigate these requirements on your behalf. Additionally, partnering with us as your lending institution provides you with access to our extensive network of contractors, appraisers, legal consultants, and brokers. This network provides invaluable resources to bolster your financial objectives.
Bridge Lender for Asset-Based Real Estate Loans
Our bridge lending program can fund smaller single-family homes, retail stores, or larger office buildings and warehouses. Loan terms range from 12 to 36 months. If you need a short-duration loan of only a couple of months, we can help. No situation is too complex. When others pass, we fund.
Submit a loan request
A Jersey City direct lender you can rely on
Bridge loan lenders in Jersey City are non-bank financial institutions that primarily focus on property value when extending short-term financing for real estate investments. They prioritize the asset’s worth over borrower qualifications, which sets them apart from traditional bank lenders.
As a Jersey City bridge loan lender, we offer quick funding solutions and specialize in properties that traditional banks might not consider due to factors like credit scores or property conditions. We also bring local expertise to the table, helping borrowers navigate Jersey City’s specific regulations, and providing access to professional networks, including contractors, appraisers, legal advisors, and brokers.
Using bridge loan lenders in Jersey City offers several specific benefits, including:
- Rapid Funding: We can provide faster approval and funding, usually within 1 to 2 weeks, compared to traditional banks.
- Flexible Property Financing: We are open to financing properties that banks might reject, such as those in need of extensive renovations or those with structural issues.
- Low Credit Requirements: We can be more accommodating to borrowers with lower credit scores.
- Local Expertise: We possess local knowledge that simplifies the loan process by ensuring compliance with Jersey City’s specific regulations.
- Access to a Network: Borrowers gain access to a network of professionals, such as contractors, appraisers, legal advisors, and brokers, who can facilitate their real estate investment projects.
Bridge loans in Jersey City are commonly used for various property types, including:
- Fix-and-Flip Properties: These loans are ideal for real estate investors looking to purchase and renovate properties that traditional banks might not finance due to borrower credit issues or property conditions that don’t meet bank underwriting standards.
- Rent Stabilization: Investors might use bridge loans to acquire properties with below-market rents, intending to stabilize the property by increasing rents. Once stabilized, they can refinance with a traditional bank at a lower interest rate.
- Time-Sensitive Purchases: Bridge loans are suitable for investments that need to be completed within a timeframe that traditional banks cannot accommodate. Bridge loans can be secured in as little as 1 to 2 weeks.
- Fast Cash Access: Real estate investors can use bridge loans to quickly access cash for other investments or projects by refinancing an existing property.
- LLC Purchases: Bridge loans can be used to purchase properties under an LLC, as traditional banks rarely finance LLCs for real estate transactions.
As a bridge loan lender in Jersey City, we typically consider the following factors:
- Borrower Structure: We prefer borrowers structured as LLCs rather than individuals.
- Property Value: Properties should be purchased at or below market value.
- Clear Title: A clear and marketable title with the collateral lien in the first position is typically required.
- Financial Viability: Properties should make financial sense for both the borrower and lender, ensuring a feasible investment.
- Rehab Plan: Compliance with a detailed rehab schedule for property renovations is essential.