New Jersey DSCR, Hard Money, Fix & Flip, Construction & Multifamily Loans
New Jersey (NJ) Underwriting Snapshot (BLUF): Wholesale business-purpose investment property loans in New Jersey utilize Judicial (Superior Court Chancery Division) security instruments, with an average non-homestead effective property tax rate of 2.23%, a median 1–4 unit investment home price of $495,000 (median rent $3,750/mo), and 5+ unit multifamily market rents averaging $2,150/door. Arranged by Loan Daddy LLC (NMLS #2827624).
SECURITY INSTRUMENT
Judicial (Superior Court Chancery Division)EFFECTIVE PROPERTY TAX
2.23% Avg ($920/mo)MEDIAN 1–4 UNIT PRICE & RENT
$495,000 · $3,750/mo5+ UNIT MULTIFAMILY RENT
$2,150/door/moNew Jersey Pre-Populated Underwriting Terminal
1–4 Unit PITIA vs. 5–25+ Unit Commercial NOI Simulator
Loan Daddy LLC · NMLS #2827624 · AZ CMB #CMB-2016143 · CA CFL #60DBO-218873 · Canonical Integer _cents & _bps Engine
Price/Door: $495,000·Loan/Door: $371,250·Avg Rent/Door: $3,750/mo
Prepayment Stepdown Structure
Amortization & FICO Tier
Calculated DSCR Coverage Ratio
1.08xCanonical:
108 bps · 7500 bps LTV · 6625 bps Rate1.00x Breakeven DSCR Eligible (1–4 Units)
Loan Amount (75% LTV)$371,25037,125,000 _cents
Monthly P&I Debt Service$2,377/mo@ 6.625% Note Rate
Total Monthly PITIA$3,470/moTax: $920 · Ins: $173
Net Monthly Cash Flow+$280/mo$3,356/yr net
Wholesale PPE Multi-Option Execution Comparison (Borrower-Paid 2.000% Default · 39 Wholesale Lenders)
| Execution Option | Prepay Structure | Est. Note Rate | Prepay Price Credit | Monthly Debt Service | DSCR Ratio |
|---|---|---|---|---|---|
| Option A: Lowest Rate (60-Mo Stepdown) | 5-4-3-2-1 | 6.625% | -100 bps (-1.000 pt) | $3,470/mo | 1.08x |
| Option B: Balanced Par (36-Mo Stepdown) | 3-2-1 | 6.875% | -75 bps (-0.750 pt) | $3,532/mo | 1.06x |
| Option C: Max Cash Flow (10-Yr Interest-Only) | 3-2-1 IO | 7.000% | +38 bps IO LLPA | $3,259/mo | 1.15x |
Many DSCR lenders focus on the property's rent, not your tax returns. Not all applicants will qualify; terms vary by lender.
New Jersey Cities with Population ≥ 50,000 (17 Markets)
Click any New Jersey city below to open its localized DSCR & Commercial Multifamily underwriting desk with county property tax rates, median rent benchmarks, and a pre-populated city deal calculator:
| City (NJ) | County | 2026 Est. Pop | Effective Tax Rate | Median 1–4 Unit Price | Median Monthly Rent | 5+ Unit Rent/Door |
|---|---|---|---|---|---|---|
| Newark, NJ → | ESSEX County County | 303,485 | 2.36% | $555,000 | $4,150/mo | $2,400/door |
| Jersey City, NJ → | HUDSON County County | 280,503 | 2.19% | $495,000 | $3,800/mo | $2,175/door |
| Paterson, NJ → | PASSAIC County County | 159,083 | 2.23% | $565,000 | $4,250/mo | $2,450/door |
| Elizabeth, NJ → | UNION County County | 139,038 | 2.19% | $470,000 | $3,550/mo | $2,050/door |
| Clifton, NJ → | PASSAIC County County | 93,075 | 2.14% | $465,000 | $3,550/mo | $2,025/door |
| Trenton, NJ → | MERCER County County | 91,940 | 2.27% | $510,000 | $3,800/mo | $2,200/door |
| Camden, NJ → | CAMDEN County County | 83,824 | 2.14% | $435,000 | $3,350/mo | $1,925/door |
| Passaic, NJ → | PASSAIC County County | 77,246 | 2.27% | $480,000 | $3,650/mo | $2,075/door |
| Union City, NJ → | HUDSON County County | 74,389 | 2.36% | $490,000 | $3,700/mo | $2,125/door |
| Bayonne, NJ → | HUDSON County County | 70,881 | 2.32% | $485,000 | $3,650/mo | $2,100/door |
| East Orange, NJ → | ESSEX County County | 70,353 | 2.23% | $505,000 | $3,800/mo | $2,175/door |
| Vineland, NJ → | CUMBERLAND County County | 66,545 | 2.19% | $440,000 | $3,400/mo | $1,950/door |
| New Brunswick, NJ → | MIDDLESEX County County | 60,856 | 2.23% | $505,000 | $3,800/mo | $2,175/door |
| Hoboken, NJ → | HUDSON County County | 57,307 | 2.32% | $485,000 | $3,650/mo | $2,100/door |
| West New York, NJ → | HUDSON County County | 56,813 | 2.32% | $515,000 | $3,850/mo | $2,200/door |
| Perth Amboy, NJ → | MIDDLESEX County County | 56,660 | 2.23% | $505,000 | $3,800/mo | $2,175/door |
| Plainfield, NJ → | UNION County County | 55,141 | 2.41% | $500,000 | $3,750/mo | $2,150/door |