New Jersey Fix and Flip Loans
Fix and Flip Lender in New Jersey
CoreVest works with seasoned real estate investors on funding fix and flip loans for New Jersey distressed properties. With a rehab loan from CoreVest, investors can get access to funds immediately with loans up to 80% of cost. Whether you need fix and flip financing for single family rentals, condos, townhouse or multi-family units, CoreVest is your leading lender in the state of New Jersey.
With our fix and flip credit line, you can have reliable funding to purchase new rental properties or refinance your existing portfolio of investments. When you need access to capital quickly, this product might be the answer for your next loan. The New Jersey market is booming right now and many fix and flip investors have successfully leveraged their capital with CoreVest. CoreVest is a fix and flip lender in the state of New Jersey with over $3 billion in loans closed since the companies existence.
CoreVest actively lends fix and flip rehab loans for rental properties throughout NJ – Newark, Hoboken, Jersey City, Paterson, Trenton, Morristown, Camden, Atlantic City and all other major cities in New Jersey.
Bridge Loans Custom Built for New Jersey Investors
Whether you buy and hold or fix and flip in New Jersey, CoreVest has the capital for your investment needs
Fix and Flip Credit Line
- Individual or multiple properties
- Single-family, condo, townhome, multifamily properties
- $1M – $50M
- Up to 80% of cost
- 18-24 month terms
- Fixed and floating rate options
- Purchase or refinance
- Revolving credit options available
- Renovation financing available
- Foreign nationals eligible
- Nationwide lending
Rental Aggregation
- Individual or multiple properties
- Single-family, condo, townhome,
multifamily properties - $1M – $25M
- 18-24 month terms
- Fixed and floating rate options
- Purchase or refinance
- Revolving credit options available
- Renovation financing available
- Foreign nationals eligible
- Nationwide lending
Questions About The New Jersey Market?
Ian Hardcastle
New Jersey Sales Manager
E: [email protected]
P: 609.542.2348
- New Jersey has the 6th highest rent in the nation.
- Avg. Rent in New Jersey is $1300/month
- Unemployment Rate in New Jersey recently fell to 4.7%
- Greatest rental demands are higher-density townhomes, condominiums and rentals near mass transit.
- Hoboken is the most expensive rental zip code with an avg. of $3,401/month
New Jersey Rental Market Updates
Borrower Case Study - Newark, NJ
Leverage to Grow
We created an opportunity for borrower to finance $2.2MM secured by a portfolio of 5 rental properties in Newark, New Jersey. This borrower’s entire portfolio consists of multifamily units with seasoned tenants on leasing contracts.
Seasoned Borrower
Sponsor has a strong understanding of the Newark market with over 5 years of experience and is looking to continue to grow and expand within the market by purchasing more rental properties.
Hot Rental Market
Newark is the largest city New Jersey. The medium household income is $33,139 with an unemployment rate is at 4.7 percent, which is above the national average.
Increased Portfolio Size
With CoreVest’s rental portfolio loan, borrower was able to expand his portfolio of loans to acquire more rental properties.
Since the recession, New Jersey has been slowly rebounding to a thriving economy. With a high foreclosure rate comes large inventory for fix and flip properties. Each of these cities below show positive signs of population growth, which will bring in new opportunities for fix and flip real estate investors.
There are so many great opportunities for fix and flip projects in New Jersey at the moment. CoreVest Finance can help you finance your next fix and flip loan.
Here is a list of some of the hottest markets for fix and flip properties in New Jersey:
New Jersey - Fix and Flip Map
We provide fix and flip loans in all of the major metropolitan cities and counties in New Jersey, including: Newark, Jersey City, Paterson, Elizabeth, Edison, Toms River, Trenton, Clifton, Camden, Brick Township, Cherry Hill, Passaic, East Orange, Union City, Bayonne, Vineland, Irvington, North Bergen, Union, Wayne, Parsippany-Troy Hills Township, New Brunswick (Middlesex-Somerset), Perth Amboy, East Brunswick, Plainfield, West New York, Bloomfield, Hackensack, West Orange, Sayreville, Lakewood, Atlantic City, Linden, Hoboken, North Brunswick Township, Teaneck, Kearny, Montclair, Fort Lee, Ewing, Pennsauken, Belleville, Willingboro, Orange, Long Branch, Fair Lawn, Westfield, Garfield, Livingston, Millville, West Milford, Rahway, Englewood, Nutley, Paramus, Mercerville-Hamilton Square, Bergenfield, Old Bridge, Ridgewood, Bridgeton, Lodi, Somerset, Scotch Plains, Cliffside Park, South Plainfield, Maplewood, Cranford, Carteret, North Plainfield, Hillside, Roselle, Summit, Lyndhurst and many other cities and counties in NJ.
Why Partner with CoreVest to Fund Your Next Rental Loan?
Experienced – we know your business.
We have partnered with thousands of borrowers to finance residential investment properties across the nation.
Efficient – we get the deal done.
Our streamlined closing process and dedicated support allows you to focus on your business, not our paperwork.
Efficient – we get the deal done.
Our streamlined closing process and dedicated support allows you to focus on your business, not our paperwork.
"It’s an honor and a privilege to help real estate investors in New Jersey fund their next deal. I have experience working in the New Jersey market for many years and can help answer any questions you might have about the local real estate market.”
– Ian Hardcastle, New Jersey Relationship Manager, CoreVest
For more information on New Jersey fix and flip loans, please call Ian Hardcastle at 609.542.2348, fill out the form below or email [email protected].
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CoreVest continues to grow with our borrowers and remain active participants in the industry
