Commercial loan programs in New Jersey
We offer short-term, first-lien commercial financing across New Jersey:
Why New Jersey investors choose us
Every loan is funded with our own money. As a balance-sheet lender, we have no institutional capital behind our loans and no outside committee to satisfy, so the people who review your deal make the decision. Expect limited paperwork, an in-house or BPO valuation with no full appraisal, no minimum credit score, and closings in about 2 weeks or less, subject to underwriting.
Loans typically run $100,000 to $2,000,000; smaller loans, and larger loans up to $5,000,000, are considered case by case. Rates are 10.99% to 12.99% (current typical range; subject to change, market conditions and underwriting), with 2 to 4 points, interest-only payments, up to 70% LTV or LTC on a first lien, and a term of 12 months, plus one optional 6-month extension.
Property types we finance in New Jersey
How investors use our financing in New Jersey
Urban mixed-use and apartments
Cities such as Newark, Jersey City, Paterson and Elizabeth have many older mixed-use and apartment buildings. Investors use bridge financing to buy, renovate and re-tenant before refinancing.
Suburban retail and flex
Strip centers, freestanding retail and light industrial flex space across the state's suburbs often need a lender that can close quickly on a lease-up or a maturing loan.
Shore and seasonal properties
Retail and mixed-use near the Jersey Shore can have seasonal income. We look at the full-year picture and the leases in place.
Before you submit a New Jersey deal
Many New Jersey municipalities have local rent-control ordinances and their own certificate-of-occupancy or inspection requirements at sale. Check local rules for the property early with your attorney, and send us the rent roll, the leases, the renovation budget and your exit plan.
What we don’t lend on
- Owner-occupied homes or any property the borrower will live in
- Loans for personal, family or household purposes
- Ground-up construction or land loans
- Second liens or mezzanine financing
- DSCR or long-term rental loans (we make bridge loans only)