Business-purpose loan program

Fix and Flip Loans in New Jersey

Short-term hard money loans that fund the purchase and the renovation of 1–4 unit investment homes in New Jersey, with rehab money released in draws as work is completed.

Get a loan quote Call 609-488-6300

How a fix and flip loan works

The purchase portion funds at closing. The rehab budget is held back and released in draws after an inspection confirms each stage of work. You typically pay interest on the amount drawn, and the loan is repaid when you sell or refinance.

Get approved before you find the deal

You don't need a property under contract to get pre-approved. Approved borrowers can make offers with confidence and request a proof of funds letter when they need one.

What we look at

The deal (purchase price, scope of work, line-item budget and comps that support the after-repair value), your experience, your cash for the down payment and carrying costs, and your credit history. We care more about what caused a blemish than about the exact score. Recent bankruptcies, foreclosures, short sales, liens or judgments can limit approval.

Program terms

We publish only confirmed terms. Pricing depends on your credit, experience, leverage and the property, so ask a loan officer for current terms.

Purchase leverage	[CONFIRM: Fix & flip max % of purchase (current site: 90%)]
Rehab funding	[CONFIRM: Fix & flip % of rehab funded (current site: 100%)]
Loan-to-cost cap	[CONFIRM: Fix & flip max LTC (current site shows both 80% and 90%)]
After-repair value cap	[CONFIRM: Fix & flip max % of ARV (current site: 70%)]
Term	[CONFIRM: Fix & flip term]
Loan amount range	[CONFIRM: Fix & flip min/max loan amount]
Minimum credit score	[CONFIRM: Fix & flip minimum FICO]
Prepayment	[CONFIRM: Fix & flip prepayment (current site: none)]
Pre-approval time	[CONFIRM: Pre-approval turnaround (current site: 2 days)]
Reserves	[CONFIRM: Fix & flip reserve requirement (current site: $30,000+)]

What you'll need

Purchase contract
Line-item rehab budget and scope of work
Comparable sales supporting the after-repair value
Track record of completed projects, if any
Two months of bank statements
LLC documents and W-9
Government ID for each guarantor

New Jersey notes

Many New Jersey towns require a certificate of occupancy or continued CO inspection before a property can be sold or re-rented, so build it into your timeline. Pull permits through the municipal construction office, since unpermitted work can hold up a sale. If you'll rent instead of sell, pre-1978 rentals may need lead-safe certification.

For more detail, read our guide: Fix and Flip Loans in New Jersey: LTC, ARV and Draws Explained.

Fix and Flip Loans across New Jersey

We make fix and flip loans in all 21 counties. Choose a county to see local considerations.

Local markets

Fix and Flip Loans: frequently asked questions

Will a fix and flip loan appear on my personal credit report?

Under normal circumstances, business-purpose loans aren't reported to the consumer credit bureaus. [CONFIRM: Credit-reporting policy on business-purpose loans]

Can I use a fix and flip loan on my primary residence?

No. Fix and flip loans are business-purpose loans for investment property only. Owner-occupied homes aren't eligible.

How is the rehab budget funded?

The purchase portion funds at closing. The renovation portion is held back and released in draws after an inspection confirms each stage of work is complete.

Do I need a deal to get pre-approved?

No. You can get pre-approved before you have a property under contract, so you can make offers with proof of funds.

Should I just use a HELOC instead?

A HELOC can fund a deal, but it puts your home at risk if the project goes badly, and a maxed-out line can lower your credit score. A business-purpose loan to your LLC keeps the project separate from your primary residence.

Ready to talk about a deal?

Send the basics on a property and a loan officer will follow up. You'll hear back from a person, not a call center.

Start your application Call 609-488-6300