Hard Money Lenders New York

Fast New York Hard Money Loans
Ready to close in less than a week

  • Interest rates 10 – 12.75%
  • Credit score 650+
  • Loan-to-Cost Up to 90%
  • No income verification
  • Get approved online in 5 minutes
  • Instant proof of funds letter
  • Interest only payments
Get Approved Online
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Need financing for your upcoming real estate project? Get approved for a hard money loan in 5 minutes using our online application

Need funding fast? Look no further than New Silver. New Silver has the perfect selection hard money loans for property investors in New York.

New Silver has a variety of different hard money loan products available to suit the needs of any real estate investor. Run by a team of experienced real estate professionals, our loans are ideal for real estate investors in NY.

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Loan Programs


Fix & Flip

For house flippers hoping to purchase a fixer upper to renovate and resell in New York. Interest rates from 10 – 12.75%, Loan-To-Cost up to 90%, with loan terms up to up to 24 months. Hard Money Refinance Loans also available.

  • Get up to $5,000,000
  • Interest rate 10 – 12.75%
  • Origination fee from 1.875%
  • Up to 100% construction
  • More info
Get Approved Online


30-year rental loans for stabilized rental properties. Ideal for investors hoping to acquire an investment property. Interest rates from 7.5, loan-to-purchase price up to 80%. Built for buy and hold investors that purchase rental properties.

  • Get up to $3,000,000
  • Interest rate 7.5
  • Origination fee 2-3%
  • 30-year fixed rate
  • More info
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Ground Up

Designed for residential builders, our ground up construction loans can finance up to 90% Loan-to-Cost (LTC). Interest Rates from 10 to 13.25%

The perfect solution for builders in New York that need quick access to capital to fund construction costs.

  • Get up to $5,000,000
  • Interest rate 10 - 13.25%
  • Origination fee from 1.875%
  • Up to up to 24 months
  • More info
Get Approved Online

Hard Money Lenders NY

Getting a traditional loan is a slow, drawn-out and exhausting process. At New Silver, our hard money loans are designed for real estate investors that value speed, efficiency and transparency. Offering house fix-and-flip, fix-to-rent and cash out refinance loans, our team of experienced real estate experts are available to get you capital and assist you with any hiccups that may come up along the way.

New Silver is top-rated NY Hard Money Lender. As licensed real estate investment professionals, we know what real estate investors need: quick and easy online applications, terms of up to twenty-four months and most of all, fast loan closing and attractive rates. At New Silver, we specialize in hard money loans for single-family residential, but we can also cater to multi-family and commercial real estate projects. Contact our New York hard money lending team today to find the best loan fit for your next real estate project.

Ultimately, if you need fast closing New York hard money loan with competitive interest rates, New Silver is the hard money lender for you.

New Silver lends in these cities:

  • Albany
  • Binghamton
  • Brookhaven
  • Buffalo
  • Canandaigua
  • Cheektowaga
  • Cooperstown
  • Cortland
  • Elmira
  • Farmingdale
  • Glens Falls
  • Great Neck
  • Hempstead
  • Huntington
  • Ithaca
  • Lake George
  • Lake Placid
  • Massapequa
  • Montauk
  • Mount Vernon
  • New Hyde Park
  • New Paltz
  • New Rochelle
  • Newburgh
  • Niagara Falls
  • Oneonta
  • Oswego
  • Patchogue
  • Plattsburgh
  • Potsdam
  • Poughkeepsie
  • Rochester
  • Rockville Centre
  • Saratoga Springs
  • Scarsdale
  • Schenectady
  • Smithtown
  • Stony Brook
  • Syosset
  • Syracuse
  • Tarrytown
  • Utica
  • Valley Stream
  • White Plains
  • Woodbury
  • Yonkers
  • And More!

New York Housing Market Overview

Average Home Value


1-Year Home Appreciation


2 Bedroom Rent


Average 4 Bedroom Rent


Homes & Apartments In New York Are Very Valuable: The average home value in New York is $629,516. This is over $300,000 more than the average home value in the US ($328,745). For many investors and aspiring property owners, the barrier to entry in New York is actually too high.

However, if you can crack the NY property market, there is money to be made. You need only take a quick look at the comps (comparable properties) to appreciate that the final After Repair Value is likely to be very high. The trick is to find a poorly maintained property, and keep the renovation costs under control. This will open up the possibility of making a healthy net profit when the house is eventually resold.

Renting In New York Is Very Expensive: New York city has some of the highest rental rates in the world. The demand for apartment rentals is extremely high, and this helps to sustain the exorbitant rental fees.

While high rental rates may be perceived as bad news for tenants, it’s excellent news for long term rental investors. Once everything is set up, you can count on low vacancy rates and high rental rates for the short, medium and long term future.

Median Home Price by MSA

MSA Name Median Home Price 1-Year Appreciation 3-Year Appreciation
Albany $295,400 8.2% 31.2%
Binghamton $158,900 -1.1% 22.1%
Buffalo $243,800 5.2% 41.6%
Dutchess County $453,700 6.9% 38.5%
Elmira $156,600 5.5% 35.9%
Kingston $398,800 7.8% 55.2%
Nassau $684,100 4.4% 34.8%
New York City $627,400 6.9% 42.5%
Rochester $224,000 8.4% 37.5%
Syracuse $208,100 10.7% 38.1%

New York Real Estate Market Analysis

Kingston Is Going Through A Growth Period: The 1-year appreciation rate in Kingston is respectable (7.8%), but it’s the 3 year growth rate (55.2%) where this metro area truly shines. The next best areas based on 3 year growth are New York City (42.5%) and Buffalo (41.6%).

New York City & Nassau Have The Highest Median Sale Values: There are two areas in the Empire state which really stand above the rest in terms of property value. Those areas are Nassua ($684,100) and New York City ($627,400), both of which have some of the highest property values in America.

The only issue with such high property values is sourcing the capital needed to complete the purchase. If you are investing in property using a business, a hard money lender will probably be required. This is where a company like New Silver can be very helpful in aiding your investment ambitions.


New York Real Estate Investor Associations

Reasons to Fund Your Investment Property with New Silver

It doesn’t matter if you are a buy and hold investor or a house flipping specialist. New Silver is a hard money lender with a selection of real estate loans perfectly matched to meet your real estate investing needs. Unlike a conventional mortgage which can take ages to complete, our hard money loans can be approved online in less than 5 minutes, with an instant proof of funds letter to help you secure the purchase. We are ready to help you solve your real estate investment needs.

Frequently Asked Questions

Yes. New Silver is a private lender that offers short term loan products for house flipping projects, but we also have 30 year rental property loans for investment properties. We also cater to real estate entrepreneurs hoping to build multi-family apartments with our new construction loans.

Yes, New Silver is a New York private money lender that provides asset-based loans at scale. With asset-based lending, the underwriting process can be more lenient than conventional lenders. For a direct lender, the underlying value of the asset is more important than the financial background of the investor when setting the terms of a private money loan.

As a result, the financing and credit score requirements of a New York hard money lender are less stringent, income verification is not needed and the debt-to-income ratio of the borrower doesn’t matter. Plus, we can get you approved and closed with a hard money loan within 7 days.

Yes. We offer ground-up construction loans for real estate developers that build single family (1-4 unit) residential properties.

Furthermore, as one of the most established New York hard money lenders, we can provide a maximum loan amount of $5,000,000 on our construction loans.

Yes. Our fix and flip loans can act as a bridge loan for real estate investors with a loan term ranging from 6 to 24 months in duration. More information can be found on the loan product page, together with the maximum loan amounts available.

The main reason hard money loans have higher interest rates than traditional loans is because of the risks involved in the transaction. Unlike a residential home purchase, a fix and flip project could run over budget or the real estate market could take a turn for the worse, making the property difficult to sell quickly.

In other words, you could potentially lose money with a fix and flip. This risk is applicable to the borrower and the New York hard money lender. The higher interest rate compensates for this risk, which most conventional lenders are unwilling to take on. Hard money lenders effectively fill the gap, using an asset based lending model to fund real estate deals.

The origination fee (loan points) of a hard money loan is usually between 2-3%, but this varies with each deal. To work out the expected monthly payments, it is best to use our hard money loan calculator.

On this point, it is also worth noting that the monthly payment of all New Silver hard money loans work on interest only payments. This helps reduce the cash flow burdens of New York real estate investors while the project is underway. Interest only payments are one of the best benefits that you can unlock by working with a reputable hard money lender like New Silver.

In short, yes. While the credit requirements of a New York hard money lender are not as stringent as a traditional lender, we do review the credit history of all our borrowers. If you’re worried about bad credit, it is best to look at our hard money loans product page to see if New Silver is a good fit for your needs.

You should find that our interest rates are lower than other private money lenders. In addition, we don’t require income verification during the credit history check.

  1. House Flipping Loan – Designed for house flippers
  2. Rental Property Loan – 30 year loan for investment properties
  3. Construction Loan – For new residential building projects
  4. Personal Loan – Private loans for whatever you need

Right now, we do not specialize in commercial hard money loans. With that being said, our maximum loan amount should be big enough to cover both residential and commercial projects.

Ultimately it all comes down to the number of units. As an established New York hard money lender, we can provide loans that cater to real estate investments ranging from 1 to 50 units. If the investment property exceeds 50 units, we can connect you with one of our partners that can supply commercial real estate loans for projects that exceed 50 units.

Where We Lend

Hard Money Loans Across The US

Apply for a loan at New Silver today!

Ready to get started with your loan from New Silver? Get approved quickly.