CLOSE IN 48 HOURS OR LESS! READY TO GET STARTED ON YOUR NEXT DEAL IN NEW JERSEY?
A loan originator approached EquityMax with a two property purchase loan for repeat clients of his. The borrowers had above-average credit, and the loan originator appreciated the easy and quick process we had to offer. Within two days receipt of the title search EquityMax closed and funded the transaction. The borrowers successfully rehabbed and sold each home within a week of each other for a nice return on their investment.
|2 Property Portfolio Loan|
|Location – Jersey City, NJ|
|Loan Amount – $82,500|
|Purchase Price – $115,000|
|Loan Type – Purchase|
|Term – 12 Months – 17 years (Borrower Option)|
|Rehab Amount – $45,000|
|Actual Retail Value – $220,000|
|Profit – $60,000|
North Jersey – Hoboken, Jersey City, Fort Lee – has long been prime for developers and investors alike who wish to be close to New York City, without paying NYC prices. Other promising townships and cities for investors include East Orange, Chatham, Maplewood, and Strathmere. Coupled with world-class infrastructure, high rental demand, top-rated schools and universities, and ease of investing, New Jersey offers favorable opportunities to anyone looking to invest in real estate, whether a veteran or new investor.
New Jersey has the highest foreclosure rate in the United States. As a result, there are plentiful investment opportunities for investors looking to take advantage of terrific distressed pricing and bargain buys.
Low Property Crime Rate
New Jersey has long been known for its tight hold on crime and keeping their residents safe. Additionally, New Jersey has the third lowest property crime rate in the U.S., adding an extra incentive for investors flocking to the Garden State.
High Rental Demand
With mortgage interest rates rising, it is potentially pricing out would be first-time home owners. As a result, a high number of residents are looking for bridge rentals until they can afford to buy a home. Therefore, the market is promising for real estate investors who choose to implement the BRRR investment strategy.
“Happy to see a lender out there that finances smaller properties! Not a lot of lenders finance under $50,000, but EquityMax does. Glad they’re around.”
High LTV / Low Rates / Flexible Term
Minimal Insurance Requirements
Zero Prepayment Penalty
ZERO Credit or Qualification Requirements
No Personal Guarantee Required
Free Comparable and Repair Analysis
Catering to Real Estate Wholesalers
1-3 Day Funding
Minimal Notice to Close
Invest through a Self-Directed IRA or Solo 401K
Net Proceeds from Investing are Tax-Deferred
No Personal Guarantee
EquityMax sponsors over 20 Real Estate Investment Associations (REIAs) around the country, and has provided our team an opportunity to network and interact with real estate professionals outside of Florida.
EquityMax lends on any form of residential property, including single family homes, 1-4 multi-unit properties, condominiums & townhomes, and even small apartment complexes (20 units or less). We also lend on commercial property and industrial warehouses.
EquityMax can send a borrower a Proof of Funds within 5 minutes of receipt of an acceptable, three-score credit report. If a borrower does not have a recent report, he/she can request that Equitymax pull it. For instructions, please click here.
Yes. EquityMax has multiple borrowers with several active loans in our portfolio.
EquityMax does not require our borrowers to be a Corporation of LLC. We can originate loans to individuals, LLCs, Corporations, Land Trusts, and Self-Directed IRAs.
Generally, EquityMax has seen a bigger volume of sales in the metro areas surrounding NYC and closer to universities like Central Jersey (i.e. Princeton) and even South Jersey closer to Philadelphia.
We saw what the gambling laws did for Las Vegas decades ago. Certainly, it may take some time to reach that stratosphere, however the new gambling law can only help and aide in new real estate development opportunities.
There are various local REIAs in the various regions of New Jersey (North, Central, South) that can be used for networking, buying and selling properties, etc…stay active!