New York real estate investors: finance your next flip with bridge capital built for speed. Up to 90% of purchase price, 100% of rehab budget. No appraisal required. 12-18 month terms. Interest-only payments. Direct access to 30+ capital sources.
Check My New York Rate →New York offers one of the best risk-adjusted flip markets in the US. Median prices ($310K) are high enough to generate meaningful profit per flip, but not so high that capital requirements become prohibitive. Dallas-Fort Worth and Houston lead flipping activity in the state.
Fix and flip success depends on three things: finding the deal, financing the rehab, and closing fast. LendingStreet covers the financing side — bridge capital that closes in 7-10 days, up to 90% of purchase cost, and 100% of rehab budget. That lets you compete with cash buyers on New York off-market deals without tying up your own capital.
Median home price: $310K · Property tax rate: 1.8% · State income tax: No · Landlord environment: Strong
A fix and flip loan is short-term bridge financing built for real estate investors who purchase, renovate, and resell properties. Unlike a conventional mortgage, fix and flip loans qualify you primarily on the deal itself — the property's after-repair value (ARV) and your rehab plan — rather than your personal W-2 income.
The core structure: you bring 10% of purchase price as a down payment. LendingStreet provides up to 90% of purchase plus 100% of your rehab budget, released in draws as work is completed. You make interest-only monthly payments for 12-18 months. When you sell the renovated property, you pay off the loan and keep the profit.
This structure works because it compresses everything that slows down traditional real estate financing. No tax returns. No DTI calculation. No lengthy appraisal (just a broker price opinion). Close in 7-10 days — fast enough to compete with cash buyers on the New York off-market deals where margins actually exist.
7.9M metro. Median $345K. Corporate relocations, tech.
7.2M metro. Median $275K. Energy, healthcare, port. Strong yields in suburbs.
Tech hub. Median $475K. Premium price but strong rents in suburbs.
2.6M metro. Median $270K. Military, medical. Solid cash flow.
Border economy. Median $215K with 8-10% yields.
Gulf Coast. Median $225K.
New York generally has straightforward permit processes for cosmetic rehabs. Structural work, additions, and electrical/plumbing upgrades require permits in most jurisdictions. Build permit timelines into your flip schedule — typically 1-4 weeks depending on the municipality.
New York's vacancy rate of 6.8% suggests flipped properties may take slightly longer to sell than in tighter markets. Underwriting should include realistic holding costs — plan for 60-90 day DOM on the exit.
New York's severe weather history creates a consistent supply of storm-damaged properties that become fix and flip candidates. Insurance proceeds often leave borrowers with repair money plus equity. These are acquisition opportunities for prepared investors.
Many New York flip deals end up as DSCR rental holds when market conditions shift. LendingStreet structures your bridge loan so it can convert to a long-term DSCR rental loan on the same property — giving you optionality if your planned flip becomes a BRRRR. Ask about our bridge-to-perm product.
All case studies are anonymized examples of actual closed deals. Borrower names and exact addresses are not disclosed per privacy agreements.
LendingStreet fix and flip loans in New York typically close in 7-10 days from complete application. Bridge-structured F&F loans don't require a traditional appraisal — just a broker price opinion (BPO) — which is the key speed advantage over conventional or DSCR financing.
Up to 90% of purchase price and 100% of rehab budget for qualified borrowers. This means you can flip a New York property with just 10% of the purchase price as down payment plus your closing costs — rehab is typically drawn as you complete work.
No. First-time flippers can qualify for LendingStreet fix and flip loans. Experienced flippers (2+ completed flips in prior 24 months) qualify for better pricing and higher leverage. Experience matters but isn't required.
Most programs require 660+ credit. Some programs accept 640 with stronger compensating factors (more experience, lower LTV). 720+ credit qualifies for best pricing.
Standard fix and flip terms are 12-18 months. This gives you time to complete rehab (typically 2-4 months) and market/sell the property (typically 30-90 days). Extensions available if needed. Interest-only monthly payments during the term.
Rehab budgets are released in draws as work is completed and inspected. Typically 3-5 draws over the rehab period. You pay for the initial work, then submit for reimbursement. Plan cash flow accordingly — you'll front 2-4 weeks of expenses between draws.
Yes — this is the BRRRR strategy. LendingStreet can finance your initial flip, then refinance into a 30-year DSCR rental loan once the property is stabilized and renting. Same team, same closing process. Many New York investors find this more profitable than flipping.
Single family (1-4 unit), multifamily, townhomes, and some condos qualify. The property must be for investment only — no primary residences. We also finance ground-up construction projects under a separate construction loan product.
7-10 day close. No appraisal. 90% LTC. Speak with a financing specialist who knows the New York flip market.
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