New Jersey prices put many ordinary rental deals over $1M, especially in Hudson County and near the shore. A large bridge loan handles the fast purchase, while the investor clears town inspections, resets leases and lines up the long-term DSCR loan.
In short: LendingStreet makes residential investor bridge loans from $1M to $5M+ on 1-8 unit New Jersey property, with rates from 7.99%, interest-only payments and closings in as little as 10 days on a complete file. In New Jersey, large balances often mean two-to-four family homes in Hudson County, small multifamily in Newark or Elizabeth, or shore property. Larger balances usually need a full valuation, and exits are a sale or a DSCR or jumbo DSCR refinance.
Hudson County leads: Jersey City Heights, Greenville and Bergen-Lafayette, Hoboken, Bayonne, Union City and West New York, where two- and four-family homes trade above $1M and a small package quickly reaches $3M or more. Newark's Ironbound and North Ward, Elizabeth and Paterson offer similar stock at lower prices.
Suburban towns like Montclair and Morristown have high-value homes, and the Jersey Shore (Asbury Park, Long Branch, Long Beach Island, Cape May) has seasonal and year-round rentals with values that often exceed $1M on a single house.
A large bridge loan is a short-term, interest-only loan used to buy or recapitalize investment property fast, then exit through a sale or a long-term refinance. Our bridge program spans $150,000 to $5M+, with rates from 7.99% and closings in as little as 10 days on a complete file.
At $1M and above in New Jersey, each request is reviewed on its own merits, and larger balances usually require a full valuation of every property securing the loan.
| Feature | Large residential bridge |
|---|---|
| Loan size | $1M to $5M+ (program from $150,000) |
| Rates | From 7.99% |
| Payments | Interest-only |
| Speed | As little as 10 days on a complete file |
| Valuation | Full valuation usually required on larger balances |
| Property | 1-8 unit non-owner-occupied investment property |
| Exit | Sale, DSCR or jumbo DSCR refinance |
Competitive multifamily and shore markets reward cash-like closings. A bridge loan lets an investor close first and handle town certificates, repairs and leasing during the hold.
This example is illustrative and not a quote. An investor buys three two-family homes in Bayonne and a four-family in Jersey City Heights, 10 units in all, for $3,200,000. Two units are vacant and need resale certificates and lead-safe inspections before new tenants can move in.
The bridge loan is $2,240,000, sized at 70% of the purchase price for this example, and the estimated interest-only payment is about $18,667 a month. Over a 9-month hold that is roughly $168,000 of interest carry, which belongs in the budget from day one.
When the bridge matures, the value is $3,350,000. Refinancing at 70% LTV gives a $2,345,000 DSCR loan. Estimated principal and interest is about $15,997; with taxes of $5,300, insurance of $1,200 and $0 of other costs, the monthly payment is about $22,497. Rent of $28,500 puts DSCR at about 1.27x.
With all 10 units leased, the package clears 1.0x despite a heavy tax bill, and the $2,345,000 refinance repays the $2,240,000 bridge with about $105,000 remaining.
| Item | Amount |
|---|---|
| Purchase price | $3,200,000 |
| Bridge loan (70% of price) | $2,240,000 |
| Estimated monthly interest-only payment | $18,667 |
| Interest carry over 9 months | $168,000 |
| Value at refinance | $3,350,000 |
| DSCR refinance at 70% LTV | $2,345,000 |
| Estimated principal and interest | $15,997 |
| Taxes, insurance and other monthly costs | $6,500 |
| Total monthly payment | $22,497 |
| Monthly rent | $28,500 |
| DSCR | 1.27x |
Sellers in New Jersey pay a realty transfer fee. On residential sales of $1 million or more, an additional fee often called the mansion tax also applies, and the state restructured these fees in 2025 into graduated tiers. On a large purchase this is a real number, so get a written estimate from your title company before you finalize the offer.
New Jersey also has some of the highest property taxes in the country, and rates differ sharply from one town to the next. Use the actual municipal rate and current assessment, and watch for towns in the middle of a revaluation.
Hudson County and Newark rents are strong, and many two-to-four family homes clear a 1.0x DSCR after leases are reset. The catch is that many towns, including Jersey City, Newark and Hoboken, have local rent control ordinances with their own exemptions. Know whether a building is covered before you plan rent increases that the refinance depends on.
High-value suburban and shore homes may need jumbo DSCR financing, where leverage varies by program, or a sale exit if long-term rent will not carry the payment.
Many New Jersey municipalities require a certificate of occupancy or a resale inspection before a new owner or tenant moves in, plus smoke and carbon monoxide certifications. Separately, state law requires lead-based paint inspections for many pre-1978 rental units at tenant turnover. Build both into the bridge timeline.
Flood is the other big item. Parts of Hoboken, Jersey City and the shore are in mapped flood zones, and flood insurance can change the exit math.
Our investor loans are business-purpose loans on non-owner-occupied property, made to LLCs and other entities as well as individuals. A short summary of the deal, plus the items below, is enough to get a quote started. Use the form below or call (877) 298-1001.
On a multi-property New Jersey request, a simple spreadsheet with each address, unit count, rent, taxes and insurance saves days. The team can then show how the bridge and the exit loan size at two or three leverage levels, so you can pick the structure before you sign.
It can apply to residential sales of $1 million or more, and the fees were restructured in 2025. Get a current estimate from your title company for your price and property type.
Many do. Resale certificates of occupancy and smoke and carbon monoxide certifications are common, and state lead-safe rules apply to many older rentals.
If a building is covered by local rent control, increases are limited, and the refinance rent may be lower than you planned. Confirm coverage and exemptions with the town.
A complete file can close in as little as 10 days. Packages with many properties take longer because each one needs title work and a valuation.
On balances above roughly $1M, expect a full valuation of every property securing the loan. Plan for it in your timeline.
No. Our investor loans are business-purpose loans on non-owner-occupied property, such as rentals and properties bought to renovate and sell.
Yes. 1-8 unit buildings fall in the residential investor program. Buildings with 9 or more units are commercial.
Yes, as non-owner-occupied investment property. Check town STR rules and flood insurance costs, since both shape the exit.
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