New Jersey DSCR Loans provide business-purpose real estate investors with Up to 80% LTV Purchase / 75% Cash-Out across loan amounts from $100,000 – $15,000,000+ at 6.375% – 8.25% (Wholesale Tier Dependent) (30-Yr Fixed, 5/1 & 7/1 ARM, 10-Yr IO, 40-Yr IO, 620 – 660+ FICO min FICO, 14 – 21 Business Days close). In New Jersey (NJ), lenders underwrite to a Judicial (Superior Court Chancery Division) statutory framework (210–300 days-day average timeline), a 2.23% average property tax rate (~$920/mo at the $495,000 state median), and $530/$100K hazard insurance (~$219/mo).
Debt Service Coverage Ratio (DSCR) loans qualify real estate investors strictly on the subject property’s rental cash flow (DSCR = Monthly Rent ÷ Monthly PITIA for 1–4 units, or Annual NOI ÷ Debt Service for 5+ units) rather than personal W-2s or federal tax returns. Loan Daddy LLC (NMLS #2827624) underwrites 1–4, 5–8, 5–9, 5–10, 5–25, and 5+ unit properties up to 80% LTV nationwide.
Median 1–4 unit price of $495,000 (75% LTV = $371,250) with Form 1007 rent of $3,750/mo and multifamily rent of $2,150/door.
New Jersey operates under a Judicial (Superior Court Chancery Division) regime (210–300 days days). Lenders require ALTA lender's title endorsement, LLC Good Standing, and 6 months PITIA liquidity reserves.
Close in your New Jersey LLC or Delaware LLC registered in NJ with zero personal tax returns, W-2s, or 4506-C transcripts.