Hard Money Lender in
Direct hard money loans for New York City real estate investors: bridge loans that close like cash, fix and flip loans that fund the renovation, ground-up construction, and 30-year DSCR rental loans. Instant term sheet, close in 2 weeks.
The Bronx, Brooklyn, Queens and Staten Island, with Yonkers, Mount Vernon and Nassau County next door, form the largest small-multifamily market in the country, and the loans that work here are built around the two- to four-family house.
New York City: two- to four-family houses are the investor's asset.
New York listings that ask for cash are usually estate sales and long-held two- and three-family houses that need a full renovation, in the Bronx, in Jamaica and southeast Queens, in the Brooklyn neighborhoods that are still turning over, and on Long Island's south shore. The fix and flip loan funds the purchase and the budget together at 10% down with a completed project, pays the work in draws, and closes in 2 weeks, with larger files going to the desk by pre-screen.
New York rents are high enough that a renovated two- to four-family house generally carries the DSCR ratio even at New York prices, which makes the buy-renovate-hold cycle the natural plan here. The bridge loan handles the purchase that must close fast and the refinance of a maturing loan, and the DSCR takeout comes from the same team that closed the bridge.
Cash and hard money listings in New York City right now.
Listings whose remarks ask for cash or hard money, each priced with our financing at its list price. Browse Bronx, Brooklyn, Queens, Staten Island, New York, Jamaica, or every New York opportunity. Sign in to see the street addresses and the pricing on each one.
No New York City listings are in the book at this moment. New ones land every day; see the New York deals.
We are the lender, not the listing agent. Every listing belongs to its agent, credited on the listing page. Browsing is not a commitment to borrow from us.
Every stage of a New York City deal.
Buy like cash or refinance maturing debt on New York City investment property. 12 months, interest only. Bridge loans.
Purchase plus renovation in one loan, 10% down with experience, drawn as the work completes. Fix and flip loans.
Land and the build for builders with completed projects. Construction loans.
Term loans on the buildings a rental program will not take. Commercial lending in New York.
Starting rates, points, down payment and score requirements, program by program. See the rates.
From a New York City address to the wire.
- Price it. Type the New York City deal into Price a Deal: address, price, renovation budget, your score and experience. The program, the rate and the maximum loan come back in a minute.
- Request the term sheet. It issues instantly, from our own sizing.
- Send the file. Contract, entity documents, insurance, budget or rent roll. The appraisal is ordered the same day.
- Close in 2 weeks. Title and escrow set the pace; the decision is already made.
Hard money in New York City, answered straight.
How fast can a hard money loan close in New York City?
Every New York City deal gets an instant term sheet and closes in 2 weeks. Decisions are made in-house, so title, escrow and the appraisal set the pace, not a committee.
What does a hard money loan cost in New York City?
Fix and flip and bridge loans start at 9.75% interest only with 1.5 points. The rates and requirements page lists every program; Price a Deal quotes your own New York City deal in a minute. Every figure is an indicative estimate, not a commitment to lend.
Do you lend on fix and flips in New York City?
Yes. Our fix and flip loan funds the purchase and the renovation together: 10% down with at least one completed project in three years, 20% on a first flip, the renovation paid in draws as the work completes.
Do you offer DSCR rental loans in New York City?
Yes. DSCR loans in New York are 30-year fixed rental loans qualified on the rent, for a single property or a portfolio. New York rents on two- to four-family houses generally carry the ratio; single-family rentals are tighter.
Which New York City areas do you lend in?
The Bronx; Brooklyn; Queens, from Jamaica and Flushing to the Rockaways; Staten Island; Yonkers, Mount Vernon and New Rochelle; Hempstead, Freeport, Elmont, Valley Stream and Nassau County. We lend on investment and commercial property anywhere in New York; see the New York page.
Working a New York City Deal?
Price it in a minute. If the numbers work, the term sheet is instant and the close is 2 weeks out.