Civic Financial Services for New Jersey investors
Civic Financial Services (now part of PacWest Bank) is a long-standing national non-QM lender with full product suite. 75% LTV on cash-out refinance.
New Jersey context
New Jersey property tax highest in nation. DSCR economics tight.
How Civic Financial Services positions in New Jersey
Within New Jersey, Civic Financial Services competes alongside other DSCR lenders. Civic Financial Services strengths: broad product suite, experienced team. The low aggregate DSCR economics of New Jersey create demand for Civic Financial Services programs in Newark and Jersey City particularly.
City-level coverage in New Jersey
Civic Financial Services provides DSCR coverage across New Jersey metros including Newark, Jersey City, and Atlantic City. Within each metro, submarket variation drives deal-specific underwriting more than lender selection. Civic Financial Services program terms apply uniformly across New Jersey metros; the specific deal characteristics determine final pricing.
Terms and pricing
| Loan type | DSCR non-QM institutional |
|---|---|
| Products | fix-and-flip, BRRRR, rental, bridge |
| Loan size | $75K - $2.0M |
| Rates | 9.5%-12% |
| Points | 1 - 3 |
| Max LTV | 80% of ARV |
| Term lengths | 12-24 months (hard money) / 30-year (rental) |
| Typical close time | 10-21 days typical |
| New Jersey property tax | 2.5% |
| New Jersey state income tax | 10.75% |
Civic Financial Services strengths in New Jersey
- broad product suite
- experienced team
- national reach
Ideal borrower: Mid-to-experienced investor with consistent deal flow
FAQ
Yes, operates nationally including New Jersey. Civic Financial Services is based in Redondo Beach, CA and operates nationally.
Newark is the top investor market in New Jersey and falls within Civic Financial Services national coverage. Newark property tax follows the New Jersey state rate of 2.5 percent. Civic Financial Services typically underwrites Newark acquisitions at standard rate sheets.
Yes. Jersey City ranks among the larger New Jersey investor metros and sees consistent DSCR loan volume from Civic Financial Services. Submarket variation within Jersey City matters for property selection.
Civic Financial Services applies the same rate sheet across New Jersey metros. Pricing variation comes from property-specific factors rather than metro location within the same state. Newark, Jersey City, and Atlantic City all qualify for the same Civic Financial Services program.
Civic Financial Services indicative DSCR rate range is 9.5 to 12 percent with 1 to 3 points.
New Jersey property tax highest in nation. DSCR economics tight. Civic Financial Services follows standard business-purpose loan structures.
Civic Financial Services funds fix-and-flip, BRRRR, rental, bridge in New Jersey.
New Jersey allows standard DSCR prepay structures; Civic Financial Services typically uses 3-5 year step down.
Civic Financial Services typical close: 10-21 days typical.
Bottom line
New Jersey investors considering Civic Financial Services should verify current rate sheets directly and confirm specific submarket coverage.
Independent directory listing. DSCR Loan Program is not affiliated with Civic Financial Services.