A New York lender for New York deals, based in Brooklyn.
Hard money, fix & flip, construction and DSCR rental loans across New York State, from a direct lender whose office is in Brooklyn. We price, close and fund our own loans and run our own draws, so the people you call are the people who decide.
What we lend on in New York.
| Term | What we offer | What it means |
|---|---|---|
| Fix & flip | Up to 95% of purchase · 100% of rehab | Silver from 8.99%* at up to 90% of purchase, or Max Leverage up to 95%. The two programs, side by side. |
| Bridge loans | Priced to the deal | Close on a property before long-term financing is in place. How a bridge loan works. |
| Ground-up construction, 1–4 units | From 9.85%* · 100% of construction | In the five boroughs and across the state, with the construction money released in draws. Ground-up terms. |
| Construction, 5–30 units | $2.5M to $15M | In New York State outside New York City. This program is not available in New York City for now. 5–30 unit terms. |
| DSCR rental loans | Up to 85% purchase · 80% cash-out | Thirty-year loans qualified on the rent, with a flat 1% prepayment option and no waiting period for a cash-out. DSCR terms. |
| Draws | In-house, funded in minutes | Virtual or on-site inspections, by our own draw team. How our draws work. |
Business-purpose loans on non-owner-occupied investment property.
Closing in New York: what is different here.
| Term | What it isin plain words | What to knowbefore you bid |
|---|---|---|
| Mortgage recording taxNew York taxes the mortgage itself. | A tax charged when a mortgage is recorded, worked out on the loan amount | It is higher in the five boroughs than in the rest of the state, and it differs by county. It is cash at closing |
| Mansion taxOn the purchase, not the loan. | A tax the buyer pays on a residential purchase of $1 million or more | Count it in your cash to close on a larger purchase |
| Transfer taxWhen the deed changes hands. | A tax on the sale, usually the seller’s to pay | It matters on your way out: count it when you price the sale of a flip |
| Attorneys at the tableHow a New York closing is run. | Buyer, seller and lender are each represented by an attorney | The attorneys and the title company set part of the pace; line yours up early |
The term sheet tool works out the mortgage recording tax for your county and your loan, line by line, with the rest of your cash to close. Taxes are set by the state, the county and the city, and they change; your closing statement governs.
Across New York State, from one office.
New York City
Brooklyn, Queens, the Bronx, Manhattan and Staten Island: fix & flip, bridge, ground-up construction on 1–4 units and DSCR rental loans.
Long Island and the suburbs
Nassau and Suffolk, Westchester, Rockland and the Hudson Valley: every program, including construction on 5–30 unit buildings.
Upstate
The Capital Region, Central and Western New York: every program, including construction on 5–30 unit buildings.
The office
5 New Montrose Ave, Bsmt, Brooklyn, NY 11211. Call 718-635-0277 before you come by.
On every construction and fix & flip loan
New York lending questions
Are you a hard money lender in New York?
Yes. We are a direct private lender with our office in Brooklyn. We price, close and fund our own loans and run our own draws.
Do you lend in Brooklyn, Queens, the Bronx, Manhattan and Staten Island?
Yes, in all five boroughs, and on Long Island, in Westchester and across the rest of New York State.
Do you make fix and flip loans in New York City?
Yes: up to 95% of the purchase price and 100% of the renovation, from 8.99%*. See both programs.
Do you offer DSCR loans in New York?
Yes: up to 85% of the purchase price and 80% on a cash-out refinance, qualified on the rent. DSCR terms.
Do you make construction loans in New York City?
Ground-up construction on 1–4 units, yes. Construction on 5–30 unit buildings is not available in New York City for now; it is available in the rest of the state.
How fast can a hard money loan close in New York?
In as little as two weeks from a signed application on eligible deals. In New York the attorneys and the title company set part of the pace.
What is the New York mortgage recording tax?
A tax charged when a mortgage is recorded, worked out on the loan amount. It is higher in New York City than in the rest of the state. The term sheet tool works out yours.
Do you lend to first-time investors in New York?
Can I close in an LLC?
Yes. Most investors do; a personal guaranty is standard on business-purpose loans.
Is this for a home I will live in?
No. These are business-purpose loans on non-owner-occupied investment property. For a home you will live in, call us about other options.
A deal in New York? Send it to a New York lender.
The address, the price and your plan, or price it yourself in the term sheet tool.
*For business-purpose loans on non-owner-occupied investment property only. Not available for personal, family or household purposes. All loans subject to credit approval, underwriting and property eligibility. Rates, leverage and terms are indicative, change without notice, and not all borrowers will qualify; not a commitment to lend. YS Capital Group · NMLS ID 2609746 · Equal Housing Lender.