Camden Hard Money Lender

Camden Hard Money Lender

In the Camden real estate market, grabbing properties before your competition is essential for making the best deals. Although real estate investors sometimes go the traditional route and seek bank loans, the process is anything but speedy.

When time is of the essence, waiting for the lengthy process of getting approval is not an option for most investors. Camden hard money lenders specialize in providing hard money loans which provide quick funds to investors. These loans are for a non owner occupied property or in some cases for business purpose loans.

Camden Hard Money Lender FAQ’S

Below are some of the most frequently asked questions we get regarding hard money loans and lenders in Camden.

What Do Camden Hard Money Lenders Specialize in?

Camden hard money lenders specialize in providing short-term, creative financing for real estate investors. If you seek a conventional lender to purchase an investment property, your loan request will be based on the property’s value and your assets. Your credit score, job, and finances will be scrutinized intensely.  Hard money lenders base their final loan decisions on the after-repair value. The ARV represents the potential value of a property after all repairs have been accomplished.

What are the Benefits of Camden Hard Money Loans?

Camden hard money loans offer advantages that traditional banks cannot. Lenders like Acamnet Financial offer a higher level of flexibility than banks.  When qualifying for this type of loan, lenders do not delve too deeply into the finances of real estate investors. In most cases, simply present the property and your plans, which saves you the hassle of gathering countless financial documents.

Do Camden Hard Money Lenders Look at my Credit Score?

One of the greatest benefits of working with Camden hard money lenders is the lack of credit score requirements. One of the first things a bank does is check your credit score.  You can get approved for a hard money loan in Camden even if you have bad credit or poor credit, bankruptcies, and foreclosures in the past. Camden Hard money lenders primarily care about the property you are purchasing.

What is the Interest Rate & Points for Hard Money Loans in Camden?

Interest rates for hard money loans in Camden are typically higher than traditional bank loans (conventional loans) because of the greater risk lenders must take on when approving loans. When searching for a hard money lender near me in Camden, you will find average interest rate is between 8%-15%.  You should also be aware that lenders sometimes charge points that are meant to offset their administrative costs. Each point represents 1% of the total loan amount.  The average points lenders charge is between 1 to 3. Some lenders may charge up to 10 points. These points are due upfront or at closing, depending on the lender.

What Should I Look for in a Camden Hard Money Lender?

There are many benefits to working with a Camden hard money lender.  You just need to make sure you are working with the right lender.  You can rely on Acamnet Financial Group when you need us most.  We offer reliability, consistency, experience, and support.  As a real estate investor, you know the importance of grabbing the best property deals when they become available.

How can Hard Money Lenders in Camden Help Me?

Whether you are new to real estate and real estate projects or an old pro, you know having the capital to purchase real estate is essential. Without funds, you will miss out on real estate transactions.  When you partner with hard money lenders in Camden, you will quickly get the money you need without jumping through the hoops of traditional bank lenders.

How do I get a Hard Money Loan in Camden?

When you want a hard money loan in Camden, begin by preparing the property information. Location, size, purchase price, after repair value, repair costs, etc.  In most cases, the financing will be based on these numbers.  Then, apply for a hard money loan in Camden using this information and supply some financial information.  Then, an appraisal will be ordered to assess the loan-to-value ratio, which will influence the loan amount.

How do I Refinance a Camden Hard Money Loan?

Refinance a Camden hard money loan will involve moving from a high interest, short term loan to a longer term, usually lower interest rate loan. Typically a conventional type of loan.  When refinancing a Camden hard money loan you will find it will have a more stringent set of guidelines.  You will need to have sufficient credit and income qualifications.  As the lending landscaping and regulations constantly change, you want to consult a knowledgeable conventional loan expert.

Here’s other cites we can help with in New Jersey: New Jersey hard money lender

Current Real Estate Trends In Camden (2024)

The real estate market in Camden, NJ has been on the rise, offering buyers affordability and potential investment opportunities. The median listing home price is currently $134.9K, with a noteworthy 22.6% increase from October 2023.

The market shows a balanced supply and demand, with homes selling for the list price or close to it, and taking an average of 48 days to go pending. Additionally, home values have experienced a 9.4% increase in the past year, with homes going pending in 18 days. This is an indication of a competitive market, as homes are often sold at or above the list price.

It may be a great time for buyers to enter the Camden real estate market, offering potential for negotiation and competitive pricing, especially in the single-family home segment, where sale prices per square foot have decreased.

Housing Market Overview

The housing market in Camden, NJ is quite attractive to buyers searching for affordable options. Homes have a median listing price of $134.9K, making them incredibly cost-effective.

The market is balanced, with an equal number of buyers and sellers. This makes it difficult for buyers to secure a home, as they must act quickly and make competitive offers. On the other hand, sellers have the potential to sell their homes at or near the listing price due to the high demand.

To better understand the level of competition, analyzing the market hotness score and its factors is essential.

Market Hotness Score

Camden, NJ’s housing market is comparable to a lively marketplace where buyers and sellers participate in a dynamic exchange, with homes quickly receiving offers and selling close to their asking price.

The hotness score demonstrates the level of competition in the market, and in Camden, it illustrates a high level of buyer interest and a sense of urgency.

Properties in Camden go pending in about 18 days, implying that buyers must act rapidly in order to acquire a house.

Additionally, homes in this market typically sell near the list price, with a median sale-to-list price ratio of 100%.

With such high demand and intense competition, it is essential for buyers to cautiously assess current and past market trends to decide when to make a purchase decision.

Right Time to Buy

In Camden, NJ, the sale price of single-family homes dropped drastically last month, by 28.5%, while condos remained steady. This could suggest that condos may be more resilient to the current market conditions.

Additionally, single-family homes sold at an average of $7,000 less than condos. It is worth noting that the sale price per square foot of single-family homes decreased by 22.9%, presenting an opportunity for buyers.

However, it is crucial to take into account location, amenities, and individual preferences before making any purchase decisions.


All About Camden

This piece will cover Camden, a city situated in New Jersey, just across the Delaware River from Philadelphia.

Camden has an interesting history and a varied population. Once a bustling industrial city, it had to handle a downfall in manufacturing and population, which led to civil unrest. But cheer up – things have been improving for Camden. In recent times, the city has seen revitalization efforts and a decrease in crime rates.

There are loads of attractions to discover, like the USS New Jersey and Adventure Aquarium. Plus, Camden is home to renowned educational institutions and major healthcare facilities.

Thanks to its highways and public transportation access, Camden is a transportation hub. So, if you want to learn about Camden’s whereabouts, history, attractions, crime and safety, and transportation, keep reading!

Location and Geography

Camden is situated just across the Delaware River from Philadelphia and is a bustling city in New Jersey with an interesting past and varied population. It is part of the Delaware Valley and measures 10.34 square miles, with a population of 71,791, according to the 2020 census. The city’s coordinates are 39°56′24″N 75°06′18″W.

Camden is renowned for its stunning waterfront, which is home to the USS New Jersey, the Freedom Mortgage Pavilion, and the Adventure Aquarium. It is a hub for education and healthcare, hosting institutions such as Rutgers University–Camden, Cooper Medical School of Rowan University, Cooper University Hospital, and Virtua Our Lady of Lourdes Medical Center. Camden has more than 20 neighborhoods, each possessing its own personality and charm.

Crime rates have dropped significantly in Camden since 2012, making it a safer place to live and visit. Moving on, Camden’s past is as remarkable as its modern-day attractions.


Known for its cultural heritage, Camden’s past is full of tales of industrialization, immigration, and tenacity. In the nineteenth century, industrialization in Camden flourished with many factories and manufacturing businesses popping up. Joseph Campbell even founded his business, Campbells Soup, in Camden in 1891. This brought an influx of immigrants, who were the backbone of the industrial workforce. By 1870, the city had 125 factories and its population grew by 96,000 people between 1870 and 1920 due to immigration.

The early twentieth century saw Camden continue to be a successful industrialized city. RCA Victor, a leading electronics company, had 12,000 people working for them, while New York Shipbuilding had 30,000 employees. The Camden Forge Company supplied materials for New York Ship during both World Wars. RCA had 23 out of 25 factories in Camden and Campbells Soup remained a major presence. Alongside these large companies, Camden was home to numerous small manufacturing businesses and commercial offices.

Camden’s industrialization has left its mark on the city, with several attractions and landmarks. The waterfront bustles with the USS New Jersey and the Adventure Aquarium. Prestigious universities such as Rutgers University–Camden and Cooper Medical School of Rowan University are here too, offering a wide variety of activities for residents and visitors.


Discover the vibrant attractions that make Camden a must-visit destination.

Begin your journey at the Camden waterfront, where you’ll find many entertaining offerings. Climb aboard the USS New Jersey, a renowned battleship that provides exciting tours and exhibits. Immerse yourself in live music at the Freedom Mortgage Pavilion, an outdoor concert venue that hosts a variety of performances. And don’t miss the Adventure Aquarium, where you can marvel at marine life and even get close to sharks.

Continue your exploration in the middle of the city, where prestigious educational institutions are located. Rutgers University–Camden and Cooper Medical School of Rowan University are renowned for their educational excellence and contribute to the city’s dynamic intellectual atmosphere. Close by, you’ll find major healthcare institutions like Cooper University Hospital and Virtua Our Lady of Lourdes Medical Center, which provide top-notch medical care.

For those interested in furthering their education, Camden County College and Rowan University have campuses in downtown Camden, providing a wide range of academic programs.

As you explore Camden, you’ll find over 20 different neighborhoods, each with its own character and charm. From historic districts to modern developments, there is something for everyone.

It’s important to remember that while Camden has a wealth of attractions, it is also committed to ensuring the safety and security of its residents and visitors.

Crime and Safety

Discover the remarkable transformation that has taken place in Camden’s crime and safety landscape, providing a safer and more secure experience for locals and visitors.

Over the past decade, Camden has made great progress in decreasing crime and improving safety. Successful policing strategies, community engagement initiatives, and targeted interventions have all contributed to the decline in criminal activity.

Violent crime has dropped significantly, with a 46% decrease since the 1990s, reaching its lowest levels since the 1960s. In 2020, total crime reports were down 74% compared to 1974, showing continued success in creating a safe atmosphere. Homicides, a major concern, have also decreased, with only 23 recorded in 2017, the least in three decades.

To ensure safety in the city, Camden has implemented a county-level police department to take the place of the disbanded municipal police department. This change has allowed for better coordination and resource allocation in dealing with crime and protecting the public.

The improvements in crime and safety in Camden have made it easier for residents and visitors to explore the city’s transportation options without worrying.


Navigate through Camden with ease by taking the PATCO Speedline or a bus. Camden is a transportation hub with various options to get around the city. Hop on the PATCO Speedline for fast and efficient travel to and from Camden connecting it to Philadelphia and South Jersey towns. Buses are also available and provide a convenient way to explore different parts of the city.

In addition, Camden has easy access to major highways like Interstate 676 and Route 30. This makes it easy for residents and visitors to travel by car and explore the wider region. The city’s location across the Delaware River from Philadelphia also provides access to Philadelphia International Airport and other regional airports.

The city is home to Rutgers University–Camden and Cooper Medical School of Rowan University, which attract students from all over the region, contributing to a vibrant and diverse atmosphere.

No matter how you choose to get around Camden, it’s easy and convenient. Options include hopping on a train, catching a bus, or driving. Explore the city’s attractions such as the Camden waterfront, the Adventure Aquarium, and the USS New Jersey. Enjoy the convenience of navigating the city with ease.