$10,000 to $400,000
3 months, 4 Years, 5 years
6% - 20%
5 or more - 10%
Loan Type Bridge Loan, Hard Money Loan
Property Type 2-4 Units, Multi Family, SFR
New York Hard Money Loan Lenders
Below is a list of 57 Lenders that offer hard money loans in New-york. Interest Rates vary on a case-by-case basis but are typically offered from 5% to 20%. In addition, these lenders provide loan amounts from $10,000 and $1,000,000,000.
$1,000,000 to $10,000,000
3 years
Loan Type Bridge Loan, Hard Money Loan
Property Type Assisted Living, Industrial, Mixed use, Multi Family, Self-Storage, Senior, Student Housing, Warehouse
$100,000 to $5,000,000
6 months, 2 years, 3 years, 18 months
9% - 15%
1.5 - 4%
Loan Type Bridge Loan, Construction Loan, Hard Money Loan, Rehab Loan, Second Mortgage
Property Type 2-4 Units, Agriculture, Assisted Living, Automotive, Condo, Hotel, Industrial, Land Entitled, Medical Office, Mixed use, Mobile Home Park, Multi Family, Office, Place of Worship, Restaurant, Retail, Self-Storage, SFR, Shopping Center, Strip Center
$100,000 to $3,500,000
30 yrs
1
Loan Type Bridge Loan, Commercial Loan, Construction Loan, DSCR Loan, Hard Money Loan, Rehab Loan
Property Type 2-4 Units, Mixed use, Multi Family, SFR
$250,000 to $10,000,000
1 year, 1.5 years, 3 years, 30 Years
7% - 11%
1 - 10%
Loan Type Bridge Loan, Construction Loan, DSCR Loan, Hard Money Loan, Rehab Loan
Property Type 2-4 Units, Condo, Industrial, Mixed use, Multi Family, Office, Retail, SFR, Warehouse
$75,000 to $7,000,000
30 yrs
1 - 4%
Loan Type Bridge Loan, Commercial Loan, Construction Loan, DSCR Loan, Hard Money Loan, Rehab Loan
Property Type 2-4 Units, Multi Family
$2,000,000 to $20,000,000
1 year, 3 years
8% - 12%
3 - 5%
Loan Type Bridge Loan, Hard Money Loan
Property Type Hotel, Industrial, Medical Office, Mixed use, Multi Family, Retail, Self-Storage, Senior, Shopping Center
$100,000 to $5,000,000
30 years
7.25% - 14%
4%
Loan Type Commercial Loan, DSCR Loan, Hard Money Loan
Property Type 2-4 Units, Retail, SFR
1935590
$1,000,000 to $50,000,000
1 year, 1.5 years, 2 years, 3 years
Loan Type Bridge Loan, Construction Loan, Hard Money Loan
Property Type 2-4 Units, Automotive, Gas Station, Hotel, Industrial, Medical Office, Mixed use, Mobile Home Park, Multi Family, Office, Restaurant, Retail, Self-Storage, Shopping Center, Special-Use, Strip Center
$5,000,000 to $40,000,000
5 years
5%
1 - 2%
Loan Type Bridge Loan, Hard Money Loan
Property Type Agriculture, Assisted Living, Automotive, Hotel, Industrial, Manufactured Home, Medical Office, Mixed use, Mobile Home Park, Modular Home, Multi Family, Office, Place of Worship, Restaurant, Retail, Self-Storage, Senior, Shopping Center, Skilled Nursing, Special-Use, Strip Center
The Top 10 Cities to Get a Hard Money Loan in New York
New York, renowned for its iconic skyline and diverse neighborhoods, offers a plethora of real estate investment opportunities across its cities and boroughs. For investors seeking swift and flexible financing solutions, hard money loans pave the way to capitalize on the state’s dynamic real estate market. From bustling metropolises to charming communities, here are the top 10 cities in New York where securing hard money loans can facilitate successful real estate investments.
- New York City (NYC): As the state’s largest and most vibrant city, NYC stands as a global real estate epicenter. Known for its diverse neighborhoods and commercial prowess, NYC offers numerous opportunities for hard money loans in both residential and commercial properties across boroughs like Manhattan, Brooklyn, Queens, the Bronx, and Staten Island.
- Buffalo: Positioned in western New York, Buffalo boasts a reinvigorated economy and a thriving housing market. The city’s mix of historic neighborhoods and commercial developments make it an attractive choice for hard money loans, catering to investors seeking varied real estate opportunities.
- Rochester: Home to prestigious universities and a growing tech industry, Rochester presents investment potential for hard money loans. The city’s blend of residential neighborhoods, commercial properties, and economic stability attracts investors seeking diverse real estate ventures.
- Syracuse: Known for its academic institutions and healthcare industry, Syracuse offers investment prospects suitable for hard money loans. The city’s real estate market, comprising residential and commercial properties, attracts investors looking for opportunities in central New York.
- Albany: New York’s state capital, Albany presents investment potential for hard money loans. The city’s mix of historic charm, residential neighborhoods, and commercial developments cater to investors seeking varied real estate ventures.
- Yonkers: Adjacent to NYC, Yonkers offers a mix of urban living and suburban tranquility. The city’s proximity to Manhattan, along with its diverse real estate options, ranging from residential to commercial properties, makes it an appealing destination for investors exploring hard money loans.
- New Rochelle: Rich in history and community appeal, New Rochelle presents investment prospects suitable for hard money loans. The city’s residential neighborhoods, commercial properties, and proximity to NYC make it an attractive choice for investors seeking real estate opportunities.
- Mount Vernon: Positioned in Westchester County, Mount Vernon offers diverse real estate opportunities. The city’s blend of residential neighborhoods and commercial properties, coupled with its proximity to NYC, makes it an appealing choice for investors seeking hard money loans.
- Schenectady: Known for its cultural attractions and economic revival, Schenectady provides investment potential for hard money loans. The city’s mix of residential properties, revitalized downtown, and commercial ventures cater to investors seeking varied real estate ventures.
- Utica: Rich in history and economic development, Utica presents investment prospects suitable for hard money loans. The city’s residential neighborhoods, commercial properties, and strategic location make it an appealing choice for investors exploring real estate ventures in central New York.
In conclusion, New York’s diverse cities and boroughs offer a wide range of real estate investment opportunities, and hard money loans serve as a practical means of securing swift funding for these ventures. Whether it’s the urban splendor of NYC or the community charm of Buffalo, investors exploring these top 10 cities in New York can leverage hard money loans to capitalize on the state’s dynamic real estate market.
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Commercial Hard Money Loans
5 Things to Know:
1. Speed and Efficiency
2. Flexibility
3. Higher Interest Rates
4. Collateral and Loan-to-Value Ratio
5. Exit Strategy