Clifton Hard Money Lender

Clifton Hard Money Lender

In the Clifton 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. Clifton 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.

Clifton Hard Money Lender FAQ’S

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

What Do Clifton Hard Money Lenders Specialize in?

Clifton 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 Clifton Hard Money Loans?

Clifton 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 Clifton Hard Money Lenders Look at my Credit Score?

One of the greatest benefits of working with Clifton 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 Clifton even if you have bad credit or poor credit, bankruptcies, and foreclosures in the past. Clifton Hard money lenders primarily care about the property you are purchasing.

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

Interest rates for hard money loans in Clifton 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 Clifton, 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 Clifton Hard Money Lender?

There are many benefits to working with a Clifton 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 Clifton 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 Clifton, 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 Clifton?

When you want a hard money loan in Clifton, 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 Clifton 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 Clifton Hard Money Loan?

Refinance a Clifton 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 Clifton 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: Hard money lender New Jersey

Current Real Estate Trends In Clifton (2024)

The current real estate trends in Clifton, NJ are indicative of a seller’s market, with home prices steadily increasing. The median listing home price is currently at $489K, and the corresponding median listing price per square foot is $321. This rise in prices is reflected in the median sold home price of $534K, resulting in a sale-to-list price ratio of 105.57%. The market in Clifton is known for its fast-paced nature, with homes spending an average of 26 days on the market.

Over the past 36 months, Clifton has experienced a bullish cycle in its real estate market. Between October 2022 and October 2023, median home prices rose by 135.072%. In the last year alone, there have been 12 changes in home values, with 11 increases and only 1 decrease. These trends suggest that the market will continue to see an upward trajectory, with an expected rise of 13.237% over the next decade.

However, it is important to consider other cities for real estate investment, as there may be a negative trend in Clifton’s market in the near future. Despite this, Clifton City still presents opportunities for house flipping. An investment of $100,000 today could potentially yield a profit of $107,680 by 2028.

Housing Market Overview

The housing market in Clifton, NJ has seen a notable increase in home values, with a 7.6% growth in the last year and homes going pending in an average of 17 days. This points to a strong demand for housing in the area, making the market highly competitive for buyers.

The median sale-to-list ratio is 1.056 as of September 30, 2023, meaning that homes are usually selling for a bit higher than their list prices. Moreover, 79.7% of sales are over list price and 15.9% are under list price, which further showcases the competitivity and high demand in the Clifton housing market.

Home Values and Appreciation

Home values in Clifton, NJ have had a noteworthy surge of 7.6% in the past year, signifying a positive trend in the real estate market of the city. Properties are going pending in about 17 days, implying a strong demand for homes in Clifton.

The median sale to list ratio of 1.056 in September 2023 further displays the robustness of the market. Moreover, 79.7% of sales were over the list price, demonstrating a competitive atmosphere for buyers.

As we proceed to the next section about market forecast, it is noteworthy to remember that these present home values and appreciation rates show a thriving housing market in Clifton, NJ.

Market Forecast

The data and analysis for the housing market in Clifton, NJ show signs of growth and stability, which is good news for potential buyers and investors.

The median sale to list ratio stands at 1.056, suggesting that properties are selling near their listed prices.

Additionally, 79.7% of sales are above list price, suggesting a high demand and competitive market.

The median days to pending is 17, which is relatively low, indicating that homes are going pending quickly.

These signs suggest a seller’s market with high demand and limited inventory.

Overall, it is likely that home values will continue to rise and present potential opportunities for profitable investments in the real estate market.


All About Clifton

This city is located just 15 miles away from Midtown Manhattan and serves as a commercial hub for North Jersey. It has a long history that dates back to 1679, offering a unique combination of modern amenities and old-world charm.

Clifton is renowned for its diversity, with people from Puerto Rico, Dominican Republic, Arab countries, Philippines, China, and India living in the city. It is also home to some renowned establishments, such as Comodo, the leading cybersecurity firm, and Rutts Hut, the famous hot dog joint.

In terms of recreational activities, Clifton has plenty to offer, with parks like Weasel Brook and Morris Canal. For governance, Clifton is governed by the 1923 Municipal Manager Law, which ensures efficient administration.

All in all, Clifton is an amazing place to live, with its close proximity to Manhattan, cultural diversity, and plenty of attractions.


Clifton, located in Passaic County, New Jersey, is known as a diverse suburb of New York City. It has a long history, with European settlements dating back to 1679. The city was named after the cliffs of Garrett Mountain due to its booming agricultural industry. Despite the changes in its economy over time, three small working farms still remain.

Clifton is just 15 miles west of Midtown Manhattan, giving easy access to the city via major highways such as Route 3, Route 46, and the Garden State Parkway. It is bordered by Little Falls, Passaic, Paterson, Woodland Park, Elmwood Park, Garfield, Lyndhurst, Rutherford, Bloomfield, Montclair, and Nutley. The Passaic River and Weasel Brook are part of its boundaries, making it a beautiful place to live.

On April 26, 1917, Clifton was incorporated as a city, replacing Acquackanonk Township, based on the results of a referendum two days earlier. It is now considered one of the best cities to live in the United States, offering residents a vibrant economy, numerous parks and recreational areas, and easy access to New York City.

Location and Geography

Nestled within Passaic County, New Jersey, Clifton is a vibrant city situated just 15 miles west of Midtown Manhattan. It offers its inhabitants the perfect balance of tranquility and easy access to the bustling city life. Clifton is a regional commercial hub for North Jersey and serves as a convenient bedroom community for those commuting to New York City.

The picturesque Passaic River and Weasel Brook form part of Clifton’s boundary, adding to its natural beauty. It shares its borders with several other towns, including Little Falls, Passaic, Paterson, Woodland Park, Elmwood Park, Garfield, Lyndhurst, Rutherford, Bloomfield, Montclair, and Nutley.

Transportation to and from Clifton is made easy by major highways such as Route 3, Route 46, Garden State Parkway, Route 19, and Route 21, as well as the Lincoln Tunnel for those commuting to Manhattan. The city is also served by the Newark Branch of the Erie–Lackawanna Railroad.

Clifton is a city with a rich heritage and fascinating stories that have contributed to its remarkable character.

History and Settlement

Discover the intriguing history and settlement of Clifton, an area that Europeans have settled since 1679. The city’s namesake comes from the cliffs of Garrett Mountain that surround it.

It was once a prosperous agricultural area but has since become a regional commercial hub for North Jersey. It also maintains its status as an outer borough of New York City.

The city has seen many changes over the years. The U.S. Animal Quarantine Station closed in the late 1970s. Despite this, three small working farms remain, including Plochs Farm, City Green Farm Eco Center, and Richfield Farms. These farms allow residents to experience the joys of farming and agriculture.

On April 26, 1917, Clifton replaced the Acquackanonk Township and officially became a city. This milestone was achieved through a referendum held two days prior.

Clifton’s history has been vital to its present-day convenience and connectivity. The next section will explore how this is the case.

Transportation and Access

Clifton offers convenient transportation and easy access to various destinations. Major highways such as Route 3, Route 46, Garden State Parkway, Route 19, and Route 21 allow for quick travel to other towns and cities, including New York City. For those who prefer public transportation, the Newark Branch of the Erie–Lackawanna Railroad is available, providing access to Newark and beyond. 

Clifton is just 15 miles away from Midtown Manhattan, making it an ideal location for commuters and travelers. The proximity of the Lincoln Tunnel also provides a straightforward route to Manhattan. Whether you choose to drive or use public transportation, getting around Clifton and its surrounding areas is effortless.

Parks and Recreation

Take a break from the hustle and bustle of everyday life and immerse yourself in the natural beauty of Clifton’s parks and recreational areas. Clifton has a variety of parks that offer a peaceful setting and plenty of outdoor activities.

Weasel Brook Park is a county park with the Vanderhoef-Westervelt House, which dates back to the 18th century. You can take a walk, have a picnic, or simply relax in this tranquil area.

Morris Canal Park and Jack W. Kuepfer Sr. Nature Preserve provide a glimpse into the past with a part of the historic Morris Canal. Enjoy the views, take a stroll, and learn about the canal’s significance.

Clifton also has many recreational facilities. There are sports fields, playgrounds, and basketball courts for friendly competitions or quality time with family and friends.

Clifton’s parks and recreational areas are great for those who want to take a break and appreciate the beauty of the city. There is something here for everyone, so make sure to explore what Clifton has to offer.