Business-purpose loan program

Multifamily Loans in New Jersey

Financing for apartment buildings that need work, lease-up or a fast close, plus new multifamily construction. Lendiqo lends to LLC investors across New Jersey.

Get a loan quote Call 609-488-6300

What we finance

Acquisitions of 5+ unit apartment buildings, value-add renovations, lease-up of under-occupied buildings, and new construction and rehabilitation projects. Funds can cover acquisition, horizontal costs and vertical construction.

How we underwrite

We look at the rent roll, the leases, the trailing operating statement, the renovation budget, local rent rules and your plan to stabilize. On the bridge side, sizing is based on value and cost. Long-term refinances are sized on the building's net operating income.

Big or small, every deal is different

A 6-unit walk-up in Newark and a 40-unit garden complex in Burlington County need different structures. Talk to a loan officer about the right fit for your building.

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.

Maximum LTC	[CONFIRM: Multifamily max LTC (current site: 85%)]
Closing timeline	[CONFIRM: Multifamily fastest close (current site: 7 days)]
Appraisal	[CONFIRM: Multifamily appraisal requirement (current site says none required)]
Cash flow / DSCR	[CONFIRM: Whether current cash flow is considered (current site says not considered)]
Term	[CONFIRM: Multifamily term]
Loan amount range	[CONFIRM: Multifamily min/max loan amount]

What you'll need

Rent roll and copies of leases
Trailing 12-month operating statement
Renovation or construction budget and timeline
Purchase contract
Sponsor track record and real estate schedule
Bank statements
Entity documents

New Jersey notes

Rent control applies in many New Jersey cities, including Newark, Jersey City and Hoboken. It can limit post-renovation rent increases, so check coverage before you underwrite. Buildings with three or more units generally register with the NJ Department of Community Affairs, and older buildings may need lead-safe certification.

For more detail, read our guide: How DSCR Loans Work in New Jersey: A Plain-English Guide for Rental Investors.

Multifamily Loans across New Jersey

We make multifamily loans in all 21 counties. Choose a county to see local considerations.

Local markets

Multifamily Loans: frequently asked questions

Do you finance 5+ unit apartment buildings?

Yes. Buildings with five or more units go through our multifamily programs. For 2–4 units, see our DSCR rental loans.

Can you finance a building with high vacancy?

Often yes, with a bridge loan based on the business plan and the as-is value, followed by a refinance once the building is stable.

Do you finance multifamily new construction?

Yes. Construction loans can fund acquisition, horizontal and vertical costs with inspected draws.

Does rent control affect my loan?

It can. If rent increases are capped, the stabilized income and the refinance amount may be lower. We review local rent rules during underwriting.

What experience do I need?

Experience affects leverage and pricing. First-time multifamily sponsors can strengthen a deal with experienced partners or a property manager.

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