Hard Money Lenders New Jersey

Yes. New Silver offers short term loans for house flipping projects, but we also have 30 year loan product for investment properties. We also cater to real estate entrepreneurs hoping to build multi-family apartments with our new construction loans.

Yes, we are a non-bank direct lender that provides asset based loans at scale. With asset-based lending, the underwriting process can be more lenient than conventional financing. This is because the underlying value of the asset (real estate property) is more important than the financial background of the investor when setting the terms of the loan. As a result, the requirements for credit scores are less stringent, income verification is not needed and the debt to income ration of the borrower doesn’t matter. Plus, we can get you approved and closed within 7 days.

Yes. We offer ground-up construction loans for real estate developers that build single family (1-4 unit) residential properties.

Yes! We offer bridge loans, fix and flip loans and refinance loans for real estate investors, from 12 to 24 months in duration. More information can be found on the loan products pages.

The main reason fix and flip loans have higher interest rates is because of the risks involved in the financial transaction. Unlike a residential home purchase, a fix and flip project could run over budget, the real estate market might take a turn for the worse, making the property difficult to sell quickly. In other words, you could potentially lose money with a fix and flip. This risk is applicable to the borrower and the lender. The higher interest rate compensates for this risk.

The origination fee (loan points) is usually between 2-3%, but this varies with each deal. To workout the expected monthly payments, it is best to use our hard money loan calculator.