Services

Private hard money lending for New Jersey real estate investors

An investor or rehabber can use a private loan as a lending tool when they plan to hold the investment property only until the construction or rehab work is completed and the property goes to sale.

How the loan program works

Direct lending from our own funds

A construction loan will typically be disbursed in increments as a borrower needs funds to complete construction of the property. Once a property has been constructed and renovated and sold for a profit, the loan with the private lender is paid off in full.

The typical maximum loan-to-value allowed on a subject property is 70%, with disbursements made to a borrower pursuant to the terms and conditions of a construction holdback agreement signed at closing.

We are direct lenders and NOT brokers. We use our company funds along with our investing partners and accredited investors. Your loan is never outsourced to a third-party servicing company we service our loans directly.

Your submission package, if complete, will be reviewed and analyzed within 48 hours. Pre-approval is based on your application and the specifics of your project. Full due diligence response typically follows in 2 to 3 days.

Property types we lend on

  • Single-family residential properties
  • 2 to 4 family houses (our main focus)
  • Multi-family residential properties
  • Investment properties for buy and re-finance (case by case)

We do NOT lend on

  • Owner-occupied properties
  • Vacant land or land development
  • Subdivisions requiring variances or town approvals
  • New construction (considered case by case only)

Frequently asked questions

Loan program FAQ

Everything you need to know before submitting a loan request.

Lending criteria

What are your lending limits?

Our sweet spot on loans in the fix and flip market is between $75,000 and $1,000,000.

Do you do 100% financing?

Yes, we do. Many times, our borrowers also prefer our successful Joint Venture Program.

What value do you use?

Our loans are based up to a 70% loan-to-value depending on certain criteria of the project.

What type of properties do you lend on?

Our main focus is on single and multi-family residential properties consisting of 2 to 4 family houses. We do not lend on vacant land or development of land consisting of variances and town approvals of subdivisions.

Will Templar lend on an investment property I want to buy and re-finance at a later date?

Yes, we would under certain circumstances.

Are there any properties you do not lend on?

There are no particular instances it is more dependent on the price based on the condition, type of property, location, and any pre-existing issues.
General loan information

In what states and counties do you lend?

New Jersey, including the counties of Bergen, Essex, Hudson, Mercer, Middlesex, Monmouth, Morris, Ocean, Passaic, Somerset, and some other counties depending on the location.

Who do you lend to?

We lend to real estate investors for the purpose of buying, renovating, and selling properties. Our usual loan term is 6 months to 1 year. We DO NOT lend to owner-occupied properties.

How are the loans structured?

Our loans are 6 to 12-month balloon loans.

Will you take a 2nd lien position on a loan?

No, we do not give second position or subordinate loans.

Do you offer new construction financing?

Mostly no, as this is not our sweet spot in lending. This depends on the borrower’s experience, our relationship, type of new construction, market conditions, and loan-to-value, and is decided on a case-by-case basis.

Are you a direct lender?

Yes, we are direct lenders and NOT brokers. We use our company funds along with our investing partners and accredited investors. Your loan is not outsourced to a third-party servicing company we service our loans directly.

How soon can I expect an approval?

Your submission package, if complete, will be reviewed and analyzed within 48 hours. You can then receive a pre-approval based on your application and project information. After that, we will perform our full due diligence and typically give our response in 2 to 3 days depending on complexity.