NJ · Jersey City
Bridge, Flip & Construction
Loans in Jersey City, NJ
Bridge, fix & flip, construction, renovation and DSCR loans for residential investment property in Jersey City, $1M to $5M, term sheet in 24 to 48 hours. For US investors and foreign nationals on the same terms.
Passy Capital finances real estate investors who buy, renovate and build residential investment property in Jersey City and Hudson County: bridge loans, fix & flip loans and ground-up construction loans for infill townhomes and small multifamily, plus renovation and DSCR financing for the hold. Loans run from $1M to $5M, with a term sheet in 24-48 hours and closing in about two weeks on a clean file.
Jersey City sits on the Hudson opposite Lower Manhattan, linked to it by PATH trains from Exchange Place, Grove Street, Newport and Journal Square. Investors renovate brownstones, rowhouses and two- to four-family buildings, convert and reposition small multifamily, and build on infill lots. We size flips on cost and after-repair value, builds on cost, and rentals on value and the rent the building can legally charge.
Investors based outside the US borrow on the same terms as local operators. The loan is made to your US LLC and underwritten on the property, with no US credit history and no Social Security number required. Business-purpose lending only, on non-owner-occupied property.
Jersey City Market Highlights
PATH to Manhattan
Four PATH stations in Jersey City connect to Lower and Midtown Manhattan. Station distance is part of how we read rents and resale comps.
Rent Control Rules
Jersey City has a municipal rent control ordinance. Coverage depends on building size, age and exemptions, and we underwrite the legal rent.
New Construction Exemption
State law allows up to 30 years of exemption for new multiple dwellings if the claim is filed before the certificate of occupancy.
Flood Zones
Waterfront areas sit in FEMA flood zones, which affects insurance cost and building requirements.
Judicial Foreclosure
New Jersey foreclosures go through the Superior Court and end in a sheriff's sale.
Same Terms From Abroad
Non-US investors borrow through a US LLC with no US credit history and no foreign-national premium.
Key Submarkets
Downtown / Paulus Hook
Hamilton Park
Van Vorst Park
The Heights
Journal Square
McGinley Square
Bergen-Lafayette
Greenville
West Side
Hoboken
Bayonne
Union City
Property Types We Finance
Single-Family
2-4 Units
Condos & Townhomes
Small Multifamily (5-9)
Infill Construction
SFR Portfolios
Renovation Projects
Loan Programs
Bridge Loans
Buy, refinance or cash out an investment property, closing in about two weeks.
Construction
Ground-up spec homes and build-to-rent, with draws tied to milestones.
Renovation / Rehab
Rehab financing on 1-4 unit and small multifamily, drawn against completed work.
Fix & Flip
Purchase and rehab in one loan for 1-4 unit flips, closing in about two weeks.
DSCR / Rental
Long-term rental financing based on property cash flow.
How we finance Jersey City deals
- Renovations of rowhouses and two- to four-family houses. Purchase and renovation in one loan, up to 90% of cost, for brownstones, rowhouses and two- to four-family buildings in the Heights, Bergen-Lafayette, Greenville, the West Side and downtown. Jersey City has a municipal rent control ordinance, and whether a building is covered depends on its size, age and exemptions, so we underwrite the rents the building can legally charge, not the rents a pro forma assumes.
- Infill construction. Ground-up construction up to 85% of cost for infill townhomes and small multifamily up to 9 units. New Jersey law lets newly constructed multiple dwellings claim an exemption from municipal rent control for up to 30 years, but the claim must be filed with the construction official before the certificate of occupancy is issued. We track that filing as a condition of the loan.
- Flood zones near the waterfront. Parts of the city near the Hudson waterfront sit in FEMA flood zones. Flood insurance and, on new construction, elevation requirements go into the budget and the rent or resale numbers.
- Exit costs and DSCR. On a sale over $1M the seller pays New Jersey's graduated fee, from 1% up to 3.5%, on top of the realty transfer fee, so a flip budget carries both. When the plan is to hold, a DSCR loan up to 80% of value retires the bridge or construction loan once the units are leased.
See all New Jersey markets on our New Jersey page, or what we fund.
Investing in Jersey City from outside the US
If you are buying in Jersey City from outside the United States, financing is usually where the process stalls: no Social Security number, no US credit history, and no retail bank willing to underwrite a foreigner. We lend to your US LLC instead, underwrite the property rather than a US profile you have no way to build, and charge no foreign-national premium for it.
Frequently asked questions
What do you finance in Jersey City?
Bridge loans, fix & flip loans and ground-up construction loans for infill townhomes and small multifamily, plus renovation and DSCR loans. Loans run from $1M to $5M on single-family, 2-4 units, condos and townhomes, small multifamily up to 9 units and SFR portfolios.
How does rent control affect a Jersey City loan?
We underwrite the rent a building can legally charge. Jersey City has a municipal rent control ordinance, so on an existing building we look at whether it is covered, and on new construction we confirm that the state-law exemption claim is filed before the certificate of occupancy.
Can a foreign national borrow for a Jersey City property?
Yes. The loan is made to your US LLC and underwritten on the property rather than on a US credit history, so a non-resident borrows on the same terms as a US investor, with no Social Security number required.
What does a Jersey City loan cost?
The fee is 1-2% of the loan, paid at closing, with no upfront fees. The term sheet within 24-48 hours sets out the rate and terms for your specific deal.
Learn More
How a Construction Loan Draw Schedule Works
How draws are requested, inspected and released during an infill build.
Can I Refinance a Bridge Loan Into a DSCR Loan?
How a finished renovation or build moves from short-term financing to a long-term rental loan.
How to Set Up a US LLC as a Foreign Investor
The entity that holds the property and borrows, and how a non-resident forms one.
Other Cities in New Jersey
We also finance investors across other New Jersey markets.
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