Capital Kings LLC · Non-QM Mortgage BrokerHard Money &
DSCR Loans in New York
We help investors fund fix and flips, rentals and new builds in New York City, Yonkers, Albany, Buffalo, Rochester and Syracuse. Fewer lenders will do a New York deal, so we shop 400+ to find the ones that will. Business-purpose loans to an LLC on investment property only.
Prefer to talk it through? Call or text Micah at (281) 636-5682.
How much cash does a New York flip take to close?
This is the worked example from our New York pricing below, on the program with the least cash to close at 700 credit. Your real number depends on the property, your credit and your experience, and the term sheet shows it before you commit.
$70,000 of rehab, $525,000 after repair value, a first flip at 700 credit on the First Flip, 10% Down program.
- Loan
- $378,000
- Rate
- 9.99%
- Down payment (10% of purchase plus rehab)
- $42,000
Rates from 9.50% with 2+ completed flips in New York.
See every line of the mathSee your cash to close in New York before you apply
Pick the loan type and plug in your deal. It runs the same math as our term sheets, on the programs that lend in New York. Your final numbers depend on what the lender approves.
Sizing your deal on the same terms as the term sheet. Get my real numbers →
What We Fund in New York
NYC and Westchester deals need lenders comfortable with big balances and New York closing timelines. Upstate, Buffalo, Rochester and Syracuse come in at a fraction of downstate prices, with a lot of two-family houses that work as a flip or a rental. Before we call a lender on any New York deal, we want to know the units, who lives there and how you're buying it.
- Rates
- from 9.50% with 2+ flips
- With experience
- 0% down (2+ flips, under 70% of ARV)
- Rehab
- 100% funded, paid in draws
- Qualify on
- the rent, no W-2s or tax returns
- Down
- from 20% at 700+ credit
- Good for
- buy-and-hold, BRRRR refinances
- Good for
- buying fast or holding until the sale or long-term loan
- Pricing
- set per deal
- Rates
- from 10.49% with experience
- First build
- OK with an experienced GC
- Builds
- single family to small multifamily
New York rates, fees and down payments as of October 2026
These are the programs we place New York deals with and what they are pricing at right now. The examples use the same math as our term sheets, so you can see roughly what you would bring to closing before you ever call us. Your final terms depend on the property, your credit and experience, and what the lender approves.
Fix and flip in New York How the programs work
Purchase plus 100% of the rehab budget, funded through draws. The program you land on depends on credit and how many flips you have completed. Rates from 9.50% with 2+ completed flips in New York. Fund in 7-14 days with 2+ completed flips, 21-30 days on a first flip.
Lowest rate on a first flip, least down on a first flip
- Program
- First Flip, 10% Down
- Down payment
- 10%
- Min credit
- 660+
- Experience
- First flip OK
- Rate
- 9.99%
- Max loan
- 75% of ARV
- Close
- 21-30 days
Least down with completed flips
- Program
- 100% Financing, 2+ Flips
- Down payment
- 0% (100% financing)
- Min credit
- 620+
- Experience
- 2+ completed flips
- Rate
- 9.50% to 12.00%
- Max loan
- 70% of ARV
- Close
- 7-14 days
See all 4 programs
| Program | Down payment | Min credit | Experience | Rate | Origination | Max loan | Term | Close |
|---|---|---|---|---|---|---|---|---|
| First Flip, 10% Down1 | 10% of purchase + rehab | 660+ | First flip OK | 9.99% | 2% to 2.25% | 75% of ARV | 12 months | 21-30 days |
| 7.5% Down, 3+ Flips2 | 7.5% of purchase + rehab | 660+ | 3+ completed flips | 9.99% | 1.5% to 1.75% | 75% of ARV | 12 months | 21-30 days |
| 5% Down, 5+ Flips3 | 5% of purchase | 660+ | 5+ completed flips | 9.99% to 10.99% | 2% | 75% of ARV | 9-24 months | 10-14 days |
| 100% Financing, 2+ Flips4 | 0% (100% financing) | 620+ | 2+ completed flips | 9.50% to 12.00% | 2.5% | 70% of ARV | 9 months | 7-14 days |
Program notes (4)
- Rate 9.99% with 2% to 2.25% origination by credit; more origination buys the rate down as far as 8.99%. Loans under $150,000 add 0.5% to the rate and 0.5% to the origination, under $100,000 1.5% and 1%. Under 680 credit the loan caps at 87.5% of cost. Standard interest, charged only on funds drawn. The loan is capped at a share of purchase plus rehab, the full rehab held back for draws, and the ARV must be at least 1.25 times purchase plus rehab. Processing $500, legal $1,495 and underwriting $795.
- Rate 9.99% with 1.5% to 1.75% origination by credit; more origination buys the rate down as far as 8.99%. Loans under $150,000 add 0.5% to the rate and 0.5% to the origination, under $100,000 1.5% and 1%. Under 680 credit the loan caps at 90% of cost. Standard interest, charged only on funds drawn. The loan is capped at a share of purchase plus rehab, the full rehab held back for draws, and the ARV must be at least 1.25 times purchase plus rehab. Processing $500, legal $1,495 and underwriting $795.
- Rate is set per file from 9.99%; origination about 2% plus a $995 processing fee.
- Needs 2 completed flips in the last two years and about $75,000 in verified liquidity. Rate 9.5% to 12% with 2% to 3% origination, set per file. Purchase plus rehab must fit under 70% of ARV.
First flip in New York City, 700 credit
- Loan amount
- $378,000
- Down payment (10% of purchase plus rehab)
- $42,000
- Rate
- 9.99%
- Origination (2.125%)
- $8,033
- Broker fee
- $3,780
- Lender fees
- $2,790
- Title, insurance, appraisal, prepaid interest
- $10,007
- Estimated cash to close
- $66,610
- Cash the lender wants to see in the bank
- $104,391
- Interest per month while you rehab
- $2,564
Sized to the New York market: the typical New York home is worth about $526,714 and a starter home about $247,226 (Zillow Home Value Index, August 2026). Single family homes sold in a median of 34 days with 3.7 months of supply (Redfin, May 2026). So the example buys at about two thirds of the typical value, budgets a mid-range rehab and resells at the typical value.
Estimates on Capital Kings terms as of October 2026. Cash to close includes down payment, origination, broker fee, the lender's own fees (processing, underwriting, legal or doc prep), title, prepaid interest, insurance and appraisal. Rehab is funded 100% through draws on every program, but draws pay you back after each phase is done, so the lender also wants to see enough in the bank to front the first phase and cover a few months of payments. That is the bank figure on each card, and it is not money you spend at closing. Title is estimated from Texas title rates; your New York title company quotes the real number.
DSCR rental loans in New York Full DSCR guide
Rates are 30-year fixed, priced off loan-to-value: 7.00% up to 70% LTV, 7.13% up to 75% LTV, 7.25% up to 80% LTV for a 760+ borrower with a 5-year prepay, plus 0.19% for a rate and term refinance, 0.37% for cash-out (0.77% above 75% LTV) and 0.26% for 2-4 units. No lender origination points. Lender fees about $2,295, plus our 1% broker fee ($2,000 minimum), all itemized on the term sheet. Minimum 1.00 DSCR, minimum 660 credit, minimum $100,000 loan, 3 months of reserves on a purchase and 6 on a cash-out. No W-2s, no tax returns, no debt-to-income ratio.
| Credit | Purchase max LTV | Purchase rate at max LTV | Cash-out max LTV | Cash-out rate at max LTV |
|---|---|---|---|---|
| 760+ | 80% | 7.25% | 80% | 8.02% |
| 740 to 759 | 80% | 7.38% | 80% | 8.15% |
| 720 to 739 | 80% | 7.61% | 80% | 8.38% |
| 700 to 719 | 80% | 7.88% | 75% | 7.82% |
| 680-699 | 75% | Priced per file | 70% | Priced per file |
| 660 to 679 | 65% | Priced per file | 60% | Priced per file |
Cash-out refinance on a New York City rental, 740 credit
- Maximum loan (80% LTV)
- $420,000
- Rate (30-year fixed)
- 8.15%
- Lender fees (underwriting, legal, setup)
- $2,295
- Broker fee (1%, $2,000 minimum)
- $4,200
- Principal and interest per month
- $3,126
- Reserves required
- 6 months
New construction in New York Full construction guide
Ground-up single family to small multifamily, 12-18 month interest-only terms, lot and vertical funded together. First-time builders qualify at 650+ credit on Lower Fees (680+ on the Financed Interest Reserve) with a general contractor who has 5+ completed builds. Pick the structure that fits your cash:
Lower Fees. About 2 points and no reserve in the loan; you pay the interest monthly from the first draw.
| Experience | Max loan | Completed-value cap | Lot advance | Rate | Origination |
|---|---|---|---|---|---|
| GC-backed first build | 85% of total cost | 65% of completed value | 70% of lot cost | 11.74% at 740+, 12.24% under 740 | 2% |
| 1-4 builds | 85% of total cost | 70% of completed value | 75% of lot cost | 10.49% | 2% |
| 5+ builds | 90% of total cost | 75% of completed value | 80% of lot cost | 10.50% | 2% |
Financed Interest Reserve. Your first months of interest are financed as part of the loan rather than paid out of pocket: the loan carries an interest reserve of six months of fully drawn interest, so your payments are covered while you build, up to 95% of cost with the reserve counted. $1,995 underwriting and $1,495 processing on top of origination, and 60% of the lot until permits are in. This structure needs 680+ credit and liquid funds of about 10% of the build budget plus fees.
| Experience | Max loan, reserve included | Completed-value cap | Lot advance | Rate | Origination |
|---|---|---|---|---|---|
| GC-backed first build | 90% of total cost | 70% of completed value | 70% of lot cost | 9.50% | 3% |
| 1-4 builds | 95% of total cost | 75% of completed value | 70% of lot cost | 9.50% | 3% |
| 5+ builds | 95% of total cost | 75% of completed value | 75% of lot cost | 8.49% | 3% |
Both structures also carry our 1% broker fee ($2,000 minimum), itemized on the term sheet with every lender fee.
Purchase only (no rehab) in New York
Buying a property that does not need work, or handling the rehab yourself: our priced purchase-only program does not lend in New York yet. Send the deal and we price it per file with the lenders that do.
New York, city by city
The New York markets we fund most. Not on the map? We broker every county in the state, so send the deal and we place it.
What do common deals cost to close?
Each question has its own page with the worked example line by line and the sample term sheet. The figure is the answer on that page.
- Can I get a fix and flip loan with a 500 or 600 credit score?
- How much cash do I need to flip a $200K house?
- How much cash do I need to buy a $250K rental with a DSCR loan?$61,523Cash to close
- What does a $300K DSCR rental refinance cost?$10,251Closing costs, payoff only
- How much rent do I need to qualify for a DSCR loan?$1,904Rent needed
- How much down for new construction with no experience?$79,257Cash to close, Lower Fees
- How do draws work on a hard money construction loan?$20,000Funded at closing, toward the lot
- Can I buy the lot and build with one construction loan?$105,000Lender pays toward the lot at closing
- Can I be my own builder on a construction loan?$78,552Cash to close, 1 finished build
- What are construction loan rates right now?8.49%Lowest rate, 5+ builds
Questions about loans in New York
Do you lend hard money loans in New York?
What cities in New York does Capital Kings lend in?
Do you offer DSCR rental loans in New York?
How fast can a New York hard money loan close?
What's the minimum down payment for a New York fix-and-flip loan?
What credit score do I need for a New York hard money loan?
Can I do a DSCR cash-out refinance on a New York rental?
Do you finance new construction in New York for a first-time builder?
How do these loans actually work?
These guides use Texas deals for their examples, but the way the loans work, what lenders check and how to compare offers is the same on a New York deal.
Next to New York, we also lend in Connecticut, Massachusetts and Pennsylvania. See all 38 states we lend in →
Ready to fund your New York deal?
Text us the deal or send it through the application. We run it past the lenders that fit and send back a term sheet on your actual numbers, no full application needed to get started.