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Frequently Asked Questions

Borrowers do not need to show any income to qualify for First Equity’s lending programs. Our loans are structured based on cash flow or value of the property rather than the borrower’s income.
This can vary between different loan programs but borrowers do not generally need to have any prior experience. In fact, we love helping first time borrowers complete their first deals!
In certain cases, some loan costs can be included in the loan amount.

The best way to start is speaking with a loan officer about your deal by calling 732-359-7800 or filling out our Get A Quote form. If you want to run some numbers on your deal, check out our Rental Loan Calculator or our Fix & Flip Calculator.

We generally lend to entities (typically an LLC) but may lend to a individual depending on the loan program on a case by case basis.
We can go up to 75% LTV of ARV on BOTH of our programs (Fix and Flip and Rental)
We always provide 100% of rehab funds for our bridge program. These are given through a reimbursement draw that is done on the borrowers schedule.
We lend on 1-4 family residential units along with 5+ multi fams. We are also currently offering a new construction for residential properties.
There are no “upfront costs” associated with our loans. Other than the appraisal all of our fees are due at closing. Please review our fee schedule for more info.
For our 30yr Rental Program we do offer a default 5yr PPP. This is a step down PPP (5/4/3/2/1), it also gives us the best opportunity to offer the best rate to our clients. We also have other prepayment options that can be negotiated through rate or points prior to close. ****PPP Laws may vary by state
A bridge loan is a short-term, usually interest-only, loan. The term is generally 12-18 months, and this loan functions as a means to an end (i.e. a “bridge”). Usually the borrower uses this type of loan to acquire a fix and flip opportunity, or to acquire a property where an end loan product is not currently available in the market
DSCR stands for Debt Service Coverage Ratio. This is essentially the ratio of operating expenses (i.e. principal and interest on a mortgage, property taxes, homeowners insurance, flood insurance, and HOA/condo dues) to rental income for a given property (for example, if the expenses on a property are $1000/mo, and the rental income is $1300/mo, the DSCR for this property is 1.30)

Find out by checking out our company page!

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24 hrs often same day

Typically 2-4 weeks…

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Borrowers do not need to show any income to qualify for First Equity’s lending programs. Our loans are structured based on cash flow or value of the property rather than the borrower’s income.
This can vary between different loan programs but borrowers do not generally need to have any prior experience. In fact, we love helping first time borrowers complete their first deals!
In certain cases, some loan costs can be included in the loan amount.

The best way to start is speaking with a loan officer about your deal by calling 732-359-7800 or filling out our Get A Quote form. If you want to run some numbers on your deal, check out our Rental Loan Calculator or our Fix & Flip Calculator.

We generally lend to entities (typically an LLC) but may lend to a individual depending on the loan program on a case by case basis.

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.

We can go up to 75% LTV of ARV on BOTH of our programs (Fix and Flip and Rental)
We always provide 100% of rehab funds for our bridge program. These are given through a reimbursement draw that is done on the borrowers schedule.
We lend on 1-4 family residential units along with 5+ multi fams. We are also currently offering a new construction for residential properties.
There are no “upfront costs” associated with our loans. Other than the appraisal all of our fees are due at closing. Please review our fee schedule for more info.
For our 30yr Rental Program we do offer a default 5yr PPP. This is a step down PPP (5/4/3/2/1), it also gives us the best opportunity to offer the best rate to our clients. We also have other prepayment options that can be negotiated through rate or points prior to close. ****PPP Laws may vary by state

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.

A bridge loan is a short-term, usually interest-only, loan. The term is generally 12-18 months, and this loan functions as a means to an end (i.e. a “bridge”). Usually the borrower uses this type of loan to acquire a fix and flip opportunity, or to acquire a property where an end loan product is not currently available in the market
DSCR stands for Debt Service Coverage Ratio. This is essentially the ratio of operating expenses (i.e. principal and interest on a mortgage, property taxes, homeowners insurance, flood insurance, and HOA/condo dues) to rental income for a given property (for example, if the expenses on a property are $1000/mo, and the rental income is $1300/mo, the DSCR for this property is 1.30)

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.

  • For general inquiries via email,
    please contact

Contact Us

Phone: (732) 359-7800
Fax: (732) 907-1913
Email: [email protected]

Location

1330 Laurel Ave., Suite 101
Sea Girt, NJ 08750

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