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Hard Money Lenders New Jersey

Hassle-free Hard Money and Fix and Flip Loans in NJ in under a week

Need financing for your upcoming real estate project? Get approved for a hard money loan in 10 minutes using our online application

Need funding fast? Look no further than New Silver. New Silver can provide for all of your hard money loan needs in New Jersey.

New Silver has a variety of different hard money loan products available to suit every New Jersey real estate investor’s needs. Run by a team of experienced real estate professionals, our loans are designed with the real estate investor in mind.

Fast Hard Money Loans In New Jersey

Getting a traditional loan is a slow, drawn-out and exhausting process. With New Silver, a hard money lender built for the real estate economy, efficiency is always a top priority. Offering fix and flip, fix and rent and refinance loans, our team of experienced real estate experts are available to get you funded and assist you with any hiccups that may come up along the way.

New Silver is unlike other hard money lenders out there. As real estate pros ourselves, we know what real estate investors need: quick and easy online applications, terms of up to twenty-four months and most of all, fast loan closing and attractive rates. At New Silver, we specialize in single-family residential, but can also cater to multi-family and commercial projects. Contact our experienced team today to find the best loan fit for your next real estate project.

Loan Programs

Fix and Flip Loans

For real estate investors who want to borrow funds to renovate and resell a property in New Jersey. Interest starting at 10.875%, LTC up to 85%, with terms up to 24 months.

Our fix and flip loans work on interest only payments.

Rental Property Loans

30 year loan for stabilized rental properties. Ideal for investors hoping to purchase or refinance a rental home. Interest starting at 6.5%, up to 75% LTV.

Maximum loan amount: $1,000,000 

Refinance and Cash Out Loans

For New Jersey real estate investors who want to get their equity cash out. Interest starting at 10.875%, Loan-To-Value up to 75% and terms up to 24 months.

Gives investors in NJ a cash out option, with no junk fees and access to instant proof of funds letters.

Resources For Property Investors

We understand the importance of having the tools you need to proceed with the deal. Our hard money calculator can help you workout the expected ROI for your next flip. 

Then we also have a rental property calculator, ARV calculator and Cap Rate Calculator to help aid your investment decisions.

Reasons To Fund Your Investment Property with New Silver

It doesn’t matter if you’re a buy and hold investor or a fix and flip specialist. New Silver is a hard money lender with a selection of real estate loans perfectly matched to meet you individual needs. Unlike a conventional mortgage which can take ages to complete, our Hard Money Loans can be approved in less than 10 minutes, with an instant proof of funds letter to help you secure the purchase price.

Frequently Asked Questions

Do you offer short term loans and long term loans?

Yes. New Silver offers short term loans for fix and flip 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.

Is New Silver A Private Money Lender?

No. New Silver Lending LLC is not a private money lender. We are a hard money loan provider built on the Asset-Based Lending model. With asset-based lending, the underwriting process can be a bit more lenient than conventional financing. This is because the underlying value of the asset (usually a house) has a stronger weighting than the financial background of the investor when setting the terms of the loan. As a result, the credit score requirements are less stringent than traditional lenders.

Do you look at credit score and credit history?

Yes. Unlike a private lender which may or may not review your credit history, New Silver will consider your credit score in the application process.

Do you offer new construction loans?

Yes. We offer ground-up construction loans for real estate developers that build commercial properties and multi-family apartments.

Does New Silver offer bridge loans?

We have offered bridge loans in the past, but due to subdued interest this product is currently suspended. With that being said, if you would like to initiate a bridge loan with New Silver, simply email [email protected] and will get back to you swiftly.

Why do fix and flip loans have higher interest rates than traditional mortgages?

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.

How do you calculate the origination fee and monthly payments?

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

New Silver Loans Available In These and Other Cities:

Apply for a loan at New Silver today!