Where We Lend

Hard Money Lenders in New Jersey

Bridge money for the rehab. A 30-year DSCR loan once it is rented.

We are private money lenders in New Jersey. Pimlico Capital is a direct lender and we have closed more than 100 loans in the state. The first was in 2019, and 61% of everything closed here has closed since the start of 2024.

The median New Jersey loan is $210,000, and the middle half falls between $140,000 and $319,000. Four out of five of the properties are single-family houses. Almost none of it is rowhomes or apartment buildings.

Get a Quote for a New Jersey Deal Call (410) 855-4600

New Jersey interstate highway entry sign

100+Loans closed in New Jersey

2019First New Jersey close

$210,000Median loan amount

Loan Products Available in New Jersey

What We Fund Here

Both of our core products are available statewide to investors and entities (LLCs, corps, trusts). No owner-occupied loans.

Short-term

Bridge & Fix-and-Flip

Up to 90% of purchase, 100% of rehab
6–12 month terms, extensions available
Close in as little as 5–7 business days
$75K minimum, $3M maximum

Bridge loan details →

Long-term

30-Year Rental (DSCR)

Up to 80% LTV on purchase or rate & term refi
30-year fixed amortization
No personal income documentation
$75K – $1.5M per property, portfolio loans available

DSCR rental details →

Where We Lend

Where We Lend in New Jersey

We lend statewide in New Jersey, on investment property held in an entity. The closed deals cluster in three towns: Toms River, Woodbury and Newark. That is where the book happens to sit. It is not the limit of where we will lend, so send the deal wherever it is.

We lend in Newark and across Essex County on the same terms as the rest of the state. Newark also has a rental rule of its own that catches investors out, and it is in the list below. Every market we cover is on our Where We Lend page.

Rental Financing

30-Year DSCR Loans in New Jersey

New Jersey is a bridge-led book for us. About 7 in 10 deals here are bridge and 3 in 10 are rental. The rental side is still a real business: more than 30 closed rental loans in the state.

The median New Jersey DSCR loan is $159,375, and the middle half falls between $129,000 and $271,000. The loan qualifies on the property's rent, not your tax returns. Terms are on our 30-year DSCR rental loan page, and what a DSCR loan is and how it works covers the basics.

Worth saying plainly: the DSCR median here sits below the bridge median of $215,000. That is the opposite of what most people expect.

Bridge to DSCR

From bridge loan to DSCR loan

We fund the purchase and the renovation with a hard money bridge loan, and if you keep the house we refinance it onto a 30-year DSCR loan once it is rented. Plenty of investors sell at the end instead, which is a complete deal in its own right. Our deep dive on the BRRRR strategy walks through the version where you hold.

Local Rules

What's important to know about New Jersey deals

Five rules that catch investors here.

Every rental gets a lead paint inspection, and turnover triggers it. Single-family, two-family and multiple rental dwellings must be inspected every three years or on tenant turnover, whichever comes first. A lead-safe certificate is good for two years. Houses built in 1978 or later are exempt.
Register the rental, or you cannot evict. A one-unit rental and a non-owner-occupied two-unit register with the municipal clerk. Three or more units register with the state Bureau of Housing Inspection. Without registration no judgment for possession can be entered. The court holds the case up to 90 days and then dismisses it.
Three units or more means a state inspection every five years. Hotels and multiple dwellings of three or more units are on a five-year cyclical inspection with the Bureau of Housing Inspection. Price it into a small multifamily hold.
Newark inspects every rental on a three-year cycle and on every change of occupancy. Every unit has to be registered with the city, and a compliant owner gets a Certificate of Habitability, which is what permits the unit to be rented at all.
Buying at a sheriff's sale runs on the court's clock. New Jersey is a judicial foreclosure state, so every foreclosure goes through the Superior Court. The sheriff then has 150 days from the writ of execution to hold the auction, and the debtor has 10 days after the sale to redeem the property.

See more information on the following sites:

Common Questions

New Jersey Lending FAQ

Do you lend in Newark?

Yes. We lend in Newark and across Essex County on investment property held in an entity, the same as anywhere else in New Jersey. Newark requires every rental unit to be registered with the city, and a compliant owner gets a Certificate of Habitability, which is what permits the unit to be rented at all. The city may inspect each unit at least once every three years or on a change of occupancy.

What does the New Jersey lead paint law mean for a rental I am buying?

Single-family, two-family and multiple rental dwellings must be inspected for lead hazards every three years or on tenant turnover, whichever comes first. A lead-safe certificate is good for two years. Houses built in 1978 or later are exempt, as are single and two-family seasonal rentals let for under six months a year. Budget the inspection in before you place a tenant.

How fast can you close a bridge loan in New Jersey?

Bridge loans typically close in 5–10 business days, faster when a deal demands it. Underwriting, legal and closing all happen in-house, which is why we move faster than a lender working through third parties.

How big is a typical New Jersey loan?

The median loan we close in New Jersey is $210,000, and the middle half falls between $140,000 and $319,000. On the bridge side the median is $215,000. On the 30-year DSCR side it is $159,375.

Can you fund the purchase and rehab and then the refinance?

Yes. We fund the purchase and the renovation on a bridge loan, then refinance the property onto a 30-year DSCR loan once it is rented. Because we already hold the file, the appraisal history and your track record from the bridge loan, the refinance is not a cold start.

How It Works