New York Hard Money Lenders
Looking for a hard money lender in New York? We've researched and selected the top verified and licensed private money lenders across The Empire State.
Whether you’re flipping a single-family home in New York City, purchasing a warehouse for your business in Buffalo or tapping into the equity of your Rochester condo, these national and local private money lenders are a great place to start.
With luxurious shops and restaurants, fancy Broadway performances and a diverse culture, New York has some of the most expensive real estate in the United States.
New York City alone has over 8 million residents and is the most expensive city to live in the United States.
Top New York Hard Money Loans Summary
Lender | MAX | RATE | LTV | |
|---|---|---|---|---|
$1m | 9% | 75% | ||
$5m | 6.99% | 70% | ||
$5m | 7.99% | 65% | ||
$2m | 9% | 80% | ||
$5m | 7.49% | 90% |
The 5 Best Hard Money Lenders in New York
Temple View Capital Funding
Temple View Capital Funding is a nationwide direct bridge lender for non-owner occupied real estate investment properties. Their financing solutions are geared towards investors and brokers.
They offer long-term financing for rental properties, customized rehab loans and short-term bridge loans.
Before You Apply
- Loan Amount: Minimum of $75,000
- Interest Rate: Minimum of 9.00%
Best Features:
- Up to 80% LTV for rental loans with rates starting at 5.0%
- Up to 90% LTV for rehab loans with rates starting at 7.5%
- No income, no tax returns, no assets, no seasoning and no reserve requirements
Stormfield Capital Funding
Stormfield Capital Funding is a direct commercial bridge lender that specializes in bridge loans for commercial and residential real estate investors all across the East Coast.
They provide private money loans from $250k to $7.5mil to real estate investors and developers on fix & flips, commercial bridge loans, investment property line of credit and whole loan acquisitions.
They primarily focus on the value of the underlying real estate collateral when originating a loan.
Before You Apply
- Loan Amount: Minimum of $250,000
- Interest Rate: Minimum of 6.99%
Best Features:
- Funds commercial bridge loans between $250k and $7.5m
- They offer specialized loan programs for interest-only commercial bridge loans, fix & flips, investment property LOC and whole loan acquisitions
RBI Mortgages
RBI Mortgages are hard money lenders located in Florida and have a variety of loan programs including residential and commercial bridge loans and funds loans from $75k to $5mil.
They offer competitive rates and no pre-payment penalties on many different property types including single-family residences and multi-family apartment buildings. They also fund loans in Texas and New York.
Before You Apply
- Loan Amount: Minimum of $75,000
- FICO Score: Minumum of 600
- Interest Rate: Minimum of 7.99%
Best Features:
- Fast approval within 24 to 48 hours, average closing within 7 to 12 days
- There are no penalties for paying off or partially amortizing the debt at any time
- All borrowers welcome including ones with no credit history, new businesses and foreign nationals
Asset Based Lending, LLC
Transforming Neighborhoods and Building Relationships from the Ground Up
Asset Based Lending is an East Coast hard money lender located in New Jersey. They have a variety of tailor made loan programs including fix and flip, new construction, cash out refinances and rental property loans for non-owner occupied properties.
They fund 12 month term deals from $75k to $2mil and have a loan to value ratio of 70% to 85% depending on the loan program.
Before You Apply
- Loan Amount: Minimum of $75,000
- Interest Rate: Minimum of 9%
Best Features:
- Loan pre-approval within 24 hours and can close in as few as 3 days
- 12-month, interest-only bridge financing for fix & flips, new construction and cash-out or refinances
- Direct, local East Coast lender that has funded over 1,500+ fix & flip loans
Gauntlet Funding
Funding in a Snap
Gauntlet is a New York based private funding group who specialize in direct private lending and distressed asset financing.
They offer many different types of private money loans including rehab and bridge loans.
They provide short-term loans to real estate investors purchasing residential or commercial real estate in Florida, the Greater New York area and other north eastern states.
Before You Apply
- Loan to Value: Maximum of 90%
- Note: We do not lend on owner-occupied properties
- Note: We do not fund 2nd Position Loans
- Note: A credit check is required
Best Features:
- Fast closing and customized solutions
- Pricing and service
- Flexible common sense underwriting
New York Hard Money Stats
- Loan Amounts
- $25k to $100m
- Interest Rates
- 3.99% to 15%
- Term Lengths
- 1 to 360 months
- Origination Points
- 1 to 5 points
- Loan to Value Ratio
- 65% to 100%
- Loan to Cost Ratio
- 65% to 100%
- Closing Time
- 1 to 25 days
Looking for a Private Money Loan?
EmpireFunders, 2093 Philadelphia Pike #7979, Claymont, Delaware, 19703