Griffin Funding for New Jersey investors
Griffin Funding is a direct hard money and DSCR lender founded in 2013, licensed in 47 states. It lends up to $4.5M in-house with exceptions considered to $20M, and offers a no-ratio DSCR program. Published DSCR rates run 6.1%–7.5%, with a 620 minimum credit score and 0.75 minimum DSCR.
New Jersey context
New Jersey property tax highest in nation. DSCR economics tight.
How Griffin Funding positions in New Jersey
For New Jersey specifically, Griffin Funding fits investors who match the hard money approach. The low cash flow profile of New Jersey aggregate makes it workable for Griffin Funding.
City-level coverage in New Jersey
Griffin Funding 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. Griffin Funding 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 | rental DSCR |
| Loan size | — - $5.0M |
| Rates | 6.1%-7.5% |
| Points | Not publicly published |
| Max LTV | 80% of ARV |
| Term lengths | Not publicly published |
| Typical close time | Not publicly published |
| New Jersey property tax | 2.5% |
| New Jersey state income tax | 10.75% |
Griffin Funding strengths in New Jersey
- In-house lending up to $4.5M, with exceptions considered to $20M
- No-ratio DSCR program available
- Licensed in 47 states
- Direct lender
Ideal borrower: Investor seeking a direct DSCR lender with high in-house loan limits and a no-ratio program for below-market-DSCR properties.
FAQ
Yes, operates nationally including New Jersey. Griffin Funding is based in an undisclosed location and operates nationally.
Newark is the top investor market in New Jersey and falls within Griffin Funding national coverage. Newark property tax follows the New Jersey state rate of 2.5 percent. Griffin Funding 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 Griffin Funding. Submarket variation within Jersey City matters for property selection.
Griffin Funding 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 Griffin Funding program.
Griffin Funding indicative DSCR rate range is 6.1 to 7.5 percent.
New Jersey property tax highest in nation. DSCR economics tight. Griffin Funding follows standard business-purpose loan structures.
Griffin Funding funds rental DSCR in New Jersey.
New Jersey allows standard DSCR prepay structures; Griffin Funding typically uses 3-5 year step down.
Griffin Funding typical close: Not publicly published.
Bottom line
For New Jersey DSCR borrowers, Griffin Funding is one option among many. Compare against 2-3 lender programs before committing.
Independent directory listing. DSCR Loan Program is not affiliated with Griffin Funding.