Hard Money Loans in New York City
New York City real estate moves on certainty and speed — all-cash offers, tight timelines, and sellers who pick the buyer who can close. Hard money exists for this market: asset-based loans approved on the property and the deal, closing in days, for renovations, small-multifamily value-add, bridge situations, and outer-borough flips. Y Millennial Funding offers hard money programs for NYC investors — typically 65-75% of value (leverage measured against ARV on renovation deals), 6-24 month interest-only terms, entity borrowers standard. All loans are business-purpose, secured by non-owner-occupied investment property. Programs, rates, and availability vary by state and lender. Not all applicants qualify.
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Why New York City for Real Estate Investors
NYC's investor market is defined by high basis and thin timelines: classic cheap flips are rare, so the plays are gut renovations, condo conversions, and small-multifamily value-add in the outer boroughs where older stock still trades below rebuilt value. Exit liquidity is strong across Brooklyn, Queens, and the Bronx, but carrying costs, permitting, and construction timelines punish slow projects — which is why fast, term-limited financing fits investors who can execute.
What Investors Do Here
What works here: brownstone and rowhouse renovations in Brooklyn's appreciation corridors; two-to-four-unit value-add across Queens and the Bronx that refinances into DSCR loans on strong NYC rents; bridge financing to close while a prior project sells; and condo conversions of small multifamily where the numbers and approvals support it. Ground-up and major gut work fit experienced sponsors who can manage NYC permitting.
Neighborhoods & Property Types
Investor activity concentrates where older stock meets rising demand: Bedford-Stuyvesant, Bushwick, Crown Heights, and East New York in Brooklyn; Ridgewood, Jamaica, and the Rockaways in Queens; the South Bronx and Fordham; and Staten Island's North Shore. Property types run from brownstones and rowhouses to two-to-four-unit multifamily and mixed-use — the core of NYC value-add.
How Investors Use Hard Money in New York City
Close a competitive acquisition in days while all-cash buyers compete.
Fund purchase plus renovation against ARV on a brownstone or multifamily value-add.
Bridge an outer-borough acquisition while your last project sells or refinances.
Loan Programs Available
Programs matched to the deal — leverage, property type, and timeline.
Frequently Asked Questions
Common questions about hard money lending in New York City.
Have a New York City Deal Under Contract?
Get a clear term sheet before you commit — leverage, pricing, and timeline matched to your project.
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Related Resources
Loan programs, rates, and availability vary by state, lender, and applicant. Business-purpose loans secured by non-owner-occupied investment property only. Not an offer of financing. Not all applicants qualify.
Get Pre-Qualified
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