New Jersey Hard Money Lenders Answer Call for Rehab Loans

Real estate investors are seeking out New Jersey hard money lenders for rehab loans. This is keeping New Jersey hard money lenders very busy these days. With no assistance, and thousands of dollars in repairs, victims of Sandy who had owned their homes for generations, just let them go after the Storm. A Realtytrac report released in October of 2012 showed a 400% increase of foreclosures starts in New Jersey from 2012 to 2011. This backlog of foreclosure inventory is another factor that has caused real estate investors to seek out New Jersey hard money lenders. 

New Jersey hard money lenders provide rehab loans for properties in bad disrepair that would never qualify at the bank. Because these real estate investors are taking huge risks in buying these properties, banks won’t touch them. At least real estate investors are able to utilize private money lenders to help them purchase and fix up these properties. Without such financial assistance, many of these properties would sit for years.

To learn more about using hard money loans to finance your real estate purchases, check out our ‘Hard Money 101’ by clicking here: