New Jersey Fix & Flip Loans provide business-purpose real estate investors with Up to 90% Purchase + 100% Rehab (75% ARV Cap) across loan amounts from $100,000 – $15,000,000+ at 9.25% – 11.25% Interest-Only (12 – 18 Months Interest-Only (No Prepayment Penalty), 620 – 660+ FICO min FICO, 7 – 10 Business Days close). In New Jersey (NJ), lenders underwrite to a Judicial (Superior Court Chancery Division) statutory framework (210–300 days-day average timeline), a 2.23% average property tax rate (~$920/mo at the $495,000 state median), and $530/$100K hazard insurance (~$219/mo).
Fix and flip loans finance both the distressed property purchase (up to 85%–90% of purchase price) and 100% of the renovation budget via milestone draw reimbursements, capped at 70%–75% of After-Repair Value (ARV). Interest is charged only on disbursed funds on select wholesale shelves, with zero prepayment penalty upon resale or DSCR refinance.
Median 1–4 unit price of $495,000 (75% LTV = $371,250) with Form 1007 rent of $3,750/mo and multifamily rent of $2,150/door.
New Jersey operates under a Judicial (Superior Court Chancery Division) regime (210–300 days days). Lenders require ALTA lender's title endorsement, LLC Good Standing, and 6 months PITIA liquidity reserves.
Close in your New Jersey LLC or Delaware LLC registered in NJ with zero personal tax returns, W-2s, or 4506-C transcripts.