New York investors use large bridge loans when a seven-figure deal will not wait for a bank: a Queens three-family that needs a gut renovation, an estate sale in Brooklyn, or a maturing loan on a Westchester rental. The right lender makes or breaks the timeline.
In short: Our top pick for large bridge loans in New York is LendingStreet. It funds residential investor bridge loans from $150,000 to $5M+ on 1-8 unit properties, with rates from 7.99% and closings in as little as 10 days. It also offers the DSCR and jumbo DSCR refinance most New York investors use as the exit, so one lender can see the deal from purchase to long-term hold.
LendingStreet is our top pick for New York investors who need a residential bridge loan of $1 million or more. Bridge loans run from $150,000 to $5M+, these larger files are reviewed case by case, rates start from 7.99%, and closings can happen in as little as 10 days. Payments are interest-only for the short term of the loan.
It fits investors buying two- to four-family homes in the outer boroughs, renovating brownstones and multi-unit houses on Long Island or in the Hudson Valley, and assembling rentals upstate in Buffalo, Rochester, Syracuse and the Capital Region. Loans are business-purpose, on non-owner-occupied property, and LLC borrowers are standard.
The next step is simple: share the deal with the form below, or call (877) 298-1001 to talk it through with a loan officer.
Well-known large bridge lenders include CoreVest, Dominion Financial, Lima One and Roc Capital. Compared scenario by scenario for investors in New York, LendingStreet comes out as the stronger choice, and one application covers it.
Figures for other lenders are as stated on each lender's own website as of November 2026. Lender terms change, so verify current terms with any lender before you apply. Ready to see your numbers? Use the form below or call (877) 298-1001.
| Scenario | Best fit | Why |
|---|---|---|
| Bridge loan above $3M | LendingStreet | Our bridge program runs from $150,000 to $5M+. CoreVest states single-asset bridge loans from $75K to $2M+, and Roc Capital states stabilized bridge loans up to $3,000,000. |
| Bridge close in about 10 days | LendingStreet | We can close in as little as 10 days. CoreVest states its bridge loans typically close within 2 to 4 weeks. |
| Property in any state, including DC | LendingStreet | We lend in all 50 states and DC. Lima One states it lends across 46 states, and Dominion Financial lists 49 states plus DC. |
In New York City, seven figures does not buy much, so large bridge loans here usually finance one building rather than many. Typical files are two- and three-family homes in Queens, Brooklyn and the Bronx, brownstones that need new systems, and small walk-ups of up to eight units.
Outside the city, the same loan size goes further. Investors use it for higher-end rentals in Westchester and on Long Island, Hudson Valley estate sales, and packages of upstate houses bought from a retiring landlord. Auction and short-sale purchases with tight closing dates are another common use, as is replacing a construction or private loan that is about to mature.
Rent regulation matters in New York. Some older buildings, especially those with six or more units in New York City, may carry rent-stabilized apartments, which changes both the renovation plan and the refinance rent. Check a building's status before you underwrite it.
Most New York investors weigh a few kinds of lenders for a large bridge loan. Each has a place, but for a fast, seven-figure, short-term loan on a 1-8 unit rental with a clear exit, LendingStreet lines up best with what investors need.
| What investors need | LendingStreet | Typical local bank | Typical hard money lender | Private individual lender |
|---|---|---|---|---|
| $1M to $5M+ on one deal | Yes; program to $5M+, larger balances reviewed case by case | Possible, often with full financials | Varies; large loans can be harder | Depends on the person |
| Speed to close | As little as 10 days | Often several weeks or more | Often fast | Varies |
| Payment structure | Interest-only, short-term | Varies | Usually interest-only | Negotiated |
| Entity (LLC) borrower | Standard | Often allowed | Usually allowed | Varies |
| Long-term exit loan | DSCR and jumbo DSCR refinance in-house | Sometimes, often with tax returns | Usually short-term only | Rarely |
| Documentation focus | The property, the plan and the exit | Often tax returns and income | Mostly the property | Varies |
New York has some of the heaviest closing costs in the country, and they hit bridge loans twice when you refinance. The state charges a mortgage recording tax, and New York City and some other areas add more on top, so budget for it on the bridge loan and again on the takeout loan.
Buyers also face transfer taxes, and New York's mansion tax applies to many residential purchases of $1 million or more. Property taxes vary widely between the city, Long Island, Westchester and upstate counties, and assessment ratios differ by town. Confirm each figure with your closing attorney and title company before you set an offer price.
This example is illustrative and not a quote. An investor buys a Queens three-family for $1,350,000 that needs $120,000 of renovation, using a bridge loan of $1,150,000. The exact amount depends on the program and the valuation; the investor brings $320,000 plus closing costs.
The bridge is interest-only. Estimated monthly interest is about $8,865, so 8 months of carry costs about $70,920. Plan that cash from reserves.
After the work, the property appraises at $1,650,000. The exit is a DSCR refinance at 70% of that value. That loan is $1,155,000. With three renovated units leasing for $3,400, $3,200 and $3,000 a month, rent is $9,600 a month. Estimated principal and interest is about $7,684, taxes are $900 and insurance is $300, for a total of $8,884. DSCR is about 1.08x, above the 1.0x standard minimum. The refinance pays off the $1,150,000 bridge with about $5,000 left before closing costs.
If your deal looks like this, get a quote with the form below.
| Item | Amount |
|---|---|
| Purchase price | $1,350,000 |
| Renovation budget | $120,000 |
| Bridge loan | $1,150,000 |
| Estimated monthly interest (interest-only) | $8,865 |
| Carry for 8 months | $70,920 |
| After-renovation value | $1,650,000 |
| Refinance loan (70% of value) | $1,155,000 |
| Monthly rent | $9,600 |
| Estimated principal and interest | $7,684 |
| Taxes and insurance | $1,200 |
| Total monthly payment | $8,884 |
| DSCR | About 1.08x |
A bridge loan is short-term, so the exit matters as much as the purchase. In New York, most investors either sell the finished property or refinance into a DSCR loan, or a jumbo DSCR loan for balances of about $1.5M to $5M+.
For a refinance, run the numbers on today's rent, taxes and insurance before you close. DSCR loans qualify on the property's rent, not your W-2s or tax returns. Cash-out goes up to 75% LTV, and rate-and-term up to 80% on some programs. On larger balances and on 5-8 units, max LTV can be lower and varies by program. Our bridge-to-DSCR guide walks through the steps.
Before you sign a term sheet with anyone, ask every lender the same questions:
Here is how LendingStreet answers those questions: bridge loans from $150,000 to $5M+ with larger balances reviewed case by case, rates from 7.99%, closings in as little as 10 days, interest-only terms, LLC borrowers, and a planned DSCR or jumbo DSCR refinance exit from the same lender. DSCR exits use a standard 1.0x minimum, and cash-out seasoning varies by program.
Larger balances usually need a full valuation, and New York appraisers often compare buildings block by block, so allow time for that report. Title work can take longer on older buildings with open permits, liens or certificate of occupancy questions, and co-op apartments generally do not work for this kind of loan.
Insurance on older frame houses and coastal properties on Long Island and Staten Island can be costly, so get a quote early.
Call (877) 298-1001 early in the process and we will tell you what we need for your file.
Our top pick is LendingStreet. It funds 1-8 unit investor bridge loans from $150,000 to $5M+, with rates from 7.99%, closings in as little as 10 days, and an in-house DSCR or jumbo DSCR refinance for the exit.
Yes. LendingStreet lends in New York and in all 50 states and DC. Loans are business-purpose loans on non-owner-occupied investment property. Get a quote with the form below or call (877) 298-1001.
LendingStreet's bridge loans have rates from 7.99%. Your rate depends on the deal, the loan size and your experience.
Larger balances usually need a full valuation. Share your scope of work and recent sales so the valuation can move quickly.
LendingStreet can close in as little as 10 days. Bigger loans get more review, so a clean title, insurance quote and clear exit plan help most.
In general, a recorded mortgage in New York is subject to the mortgage recording tax, and a short term does not change that. Budget for it on the bridge loan and again on the refinance, and confirm the amount with your title company.
It depends on the building and the plan. Regulated rents limit what the property can earn and how the refinance will be sized, so share the rent roll and status up front and we will tell you how the program treats it.
2-3 competing quotes from 30+ capital sources. No credit pull. No commitment.
By clicking, you provide express written consent to be contacted by LendingStreet (NMLS #1734316) via SMS, phone, or email, possibly using automated technology, regarding your loan inquiry. Reply STOP to opt out. Consent is not required to obtain services. See our Privacy Policy and Terms.