Central Jersey · County seat: Somerville
Investment Property Loans in Somerset County, NJ
DSCR, Construction, Mixed-Use and other business-purpose loans for investors across Somerset County, including the county seat, Somerville.
Investing in Somerset County
Somerset County is in central New Jersey, where I-287 meets I-78, US-22 and US-202/206. Its seat is Somerville, whose Main Street is a busy downtown. NJ Transit's Raritan Valley Line connects Somerville, Bound Brook and nearby towns to Newark and New York.
Properties range from older two-family and mixed-use buildings in Somerville, Bound Brook, Manville and North Plainfield to single-family homes and townhomes in Bridgewater, Hillsborough and Franklin Township, and estates in the Somerset Hills. Investors finance rentals, renovations and small construction projects.
How we lend here
Parts of the county along the Raritan and Millstone rivers, including areas of Manville and Bound Brook, have a history of flooding. Flood zone status and insurance cost are part of our review there.
Towns we lend in: Somerville, Bridgewater, Franklin Township, Hillsborough, Bound Brook, Manville, North Plainfield, Bernardsville and Montgomery.
Loans that fit Somerset County properties
30-year rental loans for purchases and refinances that qualify on the property's rent instead of your personal income.
Non-bank financing for land, site work and vertical construction, funded in draws.
DSCR and bridge financing for buildings with apartments over stores or offices.
We also offer fix and flip loans, bridge loans, multifamily loans, LLC loans in Somerset County.
Before you close in Somerset County
Check these with the municipality and your attorney before you close on a rental or rehab in Somerset County.
- Landlord registration. File a landlord registration statement with the municipal clerk for 1–2 unit properties, or with the NJ Department of Community Affairs for most buildings with 3 or more units.
- Certificate of occupancy. Many towns require a CO or continued CO inspection when a property sells or a new tenant moves in. Ask the town before you set a closing or lease date.
- Lead-safe certification. Under P.L. 2021, c.182, many rentals built before 1978 need a lead-based paint inspection at tenant turnover or on the state's schedule.
- Flood zone and insurance. Check the FEMA flood map. If the property is in a special flood hazard area, include flood insurance in the payment.
- Entity in good standing. Keep your LLC's annual report current with the NJ Division of Revenue and Enterprise Services so title can insure the closing.
General information, not legal advice. Requirements vary by municipality.
Somerset County investor loan FAQ
Do you finance townhome rentals in Somerset County?
Yes. Townhomes and condos can be financed with a DSCR rental loan. Association dues count in the payment, and some condo projects have to meet additional lender requirements.
Do you lend to LLCs buying property in Somerset County?
Yes. Every Lendiqo loan in Somerset County is a business-purpose loan to an LLC or other entity on non-owner-occupied investment property. Members usually sign a personal guarantee.
Can I refinance a renovated Somerset County property into a long-term loan?
Yes. Once the renovation is finished and the property is leased, a 30-year DSCR loan can pay off the short-term loan. It qualifies on the rent, not your personal income.
Financing a property in Somerset County?
Send the basics on a property and a loan officer will follow up. You'll hear back from a person, not a call center.