New York Hard Money Lenders
Need a hard money loan secured by real estate in New York? This page has a list of direct hard money lenders that offer quick funding for a NY property purchase, refinance, fix & flip, rehab & rent, ground-up construction, and equity cash out in 1st lien position. Hard Money lending is mainly based on equity in the subject property. The maximum LTV is typically 70% for most lenders. Scroll to see the list of lenders and continue scrolling ot see summaries of hard money loans funded by lenders in our network.Searching...
Sorry, your search returned no results.

Malve Capital LLC
Fast And Easy Real Estate Loans. Closing as fast as 5 business days, subject to clear title.
New York Hard Money Interest Rates
According to the hard money loan documents software company, Lightning Docs, the average interest rate for New York hard money loans in the 4th quarter of 2024 was 11.54%. The average loan amount was $1,252,878. These stats are the average of 84 short-term loans (including bridge, rehab, and ground-up construction) funded for properties in New York between October 1, 2024 and December 31, 2024 by multiple hard money lenders that use Lightning Docs as their preferred software provider to prepare loan documents.
According to private lending data provider, Analytics Logics, the average interest rate for New York hard money loans in the 4th quarter of 2024 was 10.69%. Lenders charged an average of 3.3% points (origination fee). The average LTV (loan-to-value) for hard money loans in New York was 52%, and the average loan amount was $994,560. These stats are the average of all the loans which were funded between October 1, 2024 and December 31, 2024 by the many hard money lenders who use Liquid Logics’ loan origination software to manage their lending operations.
Top 10 New York Hard Money Lenders

According to Forecasaâ„¢, here are the Top 10 Hard Money Lenders ranked by the number of loans* originated in New York from October 2024 to December 2024.
- ROC Capital funded 340 loans
- Broadview Funding funded 207 loans
- Icecap Group funded 119 loans
- RCN Capital LLC funded 109 loans
- Adirondack Trust CO funded 88 loans
- Kiavi funded 83 loans
- Battalion Lending LLC funded 70 loans
- Insula Capital Group LLC funded 64 loans
- Constructive Loans LLC funded 62 loans
- Velocity Commercial Capital funded 56 loans
* The number of loans funded are approximate and includes long-term rental loans.
Forecasaâ„¢ gives investors and lenders in the private real estate market powerful analytics and actionable insights. They help you skip the hassle of combing county records and focus on closing deals. With detailed market trends, investor and lender activities, and competitive benchmarking, you can make smart, strategic decisions. Some of their services include dynamic market reports, transaction-level details, customer analytics, borrower verification, and in-depth profiles of investors, lenders, and capital partners. You’ll find their top lenders data for many other states on our platform.
New York Hard Money Insights from a Local Lender
When it comes to asset-based hard money lending in New York, there have been some changes affecting lenders and borrowers throughout the state. According to Ed Gitlin from Tower Fund Capital, they are seeing a bit of a slowdown in the market because borrowers are facing lower appraisals than anticipated on the value of the properties compared to a year ago, and even within the last six months. This specifically is affecting bailout borrowers because the value of the property is reduced, and sometimes they don’t have enough equity for their next investment. Ed says, that because of this challenge many borrowers are only able to come in at 55% to 60% equity and it has forced them as the lender to lower their advance rate to those percentages. “Right now, we’re lowering our advance rate to about 55% to 60% because we’re anticipating an exit from our loans. In order for them to exit from our loans, they would have to refinance and cover the closing costs, which will bring them into 65% to 70 % loan to value. So if we were afforded 65% and we anticipated them exiting at 75% loans of value, now we are lending between 55% and 60% with anticipation that they’ll refinance between 60% and 65%,” Ed explains.
In the state of New York, the most common refinancing scenarios are primarily maturity defaults where the borrower needs to exit the loan. “Usually, these kind of borrowers, they lag in the fact that they start their process of refinancing way too late, and they don’t make the timeline, so they do get into a majority default and now they have to come out of that,” Ed explains. As a result, Tower Fund Capital has created an option for the payment of full borrower, where they’ll take a prepay payment as proof that the borrower is reliable. “Usually, on a regular loan, we’ll do a three month interest reserve, but in these cases, we’ll take a prepay in the six months to a year just to make sure that they can get out and demonstrate on the verification of mortgage payments that they accurately paid,” Ed says.
According to Ed, there remains to be a lot of competition among hard money lenders that lend primarily to borrowers with better credit. However, for Tower Fund Capital, the competition remains low because they are a niche company that primarily deals with refinances and asset-based bailouts. “There’s really not much competition because the majority of [lenders] will not take late payments or bankruptcies or foreclosures of any sort. So we’re pretty niche without much competition. But if we were to come down in our rates and raise the credit worthiness of the borrower then the competition is still out there,” Ed states.
Out of the five boroughs in New York, Brooklyn remains the hottest market for hard money investment loans, even with valuations coming in a bit lower. Ed states that lenders outside of New York typically shy away from borrowers who want to invest in New York because of the tedious and lengthy foreclosure process. “New York is known for the legal system to be backed up, so it could take two, three, four, five adjournments of a case just to get in front of the judge. So it’s sometimes not even the position of the borrower, it’s really the bottleneck of the court system,” Ed explains. To mitigate this Tower Fund Capital has found that doing UCC foreclosures is a better outlet than real estate foreclosures.”We’ll foreclose on a pledge and then obtain a quiet title post auction if we will bid. So that’s how we’re mitigating the risk, Ed states. “Also, due to UCC foreclosure, it gives us the ability to be declared as the member of the entity. So it gives us an ability to collect rents or any income coming from the property in the meantime while we’re waiting for the quiet title,” he says. In addition, UCC foreclosures typically take three to four months if the borrower doesn’t put up any roadblocks, such as filing for bankruptcy.
For the rest of 2024 and 2025, Ed anticipates that the NPL (Non-Performing Loan) business will continue to grow. He advises borrowers to be more diligent in their investments, avoid poor risk management, and refrain from over-leveraging, especially for those with sufficient equity.
Tower Fund Capital provides asset-based debt solutions for the real estate industry. They offer a true hard money no-doc program that qualifies a deal based on the value of the asset being offered as collateral rather than credit scores or financial qualification of the borrower or the property. They predominantly provide loans for SFR, multifamily, and mixed use. They don’t have a maximum loan amount but their minimum is $250,000. They can close in as little as 3 business days once the full due diligence and title is cleared.
New York Hard Money Loan Volume
According to SFR Analytics, here is the approximate quarterly volume of loans secured by investment real estate in New York which were funded by hard money lenders from October 2023 to September 2024.
- Approximately $705,460,418 of hard money loans were funded in the 3rd quarter of 2024 for 1,142Â borrowers.
- Approximately $689,463,235 of hard money loans were funded in the 2nd quarter of 2024 for 1,117Â borrowers.
- Approximately $695,549,933 of hard money loans were funded in the 1st quarter of 2024 for 1,201 borrowers.
- Approximately $576,307,002 of hard money loans were funded in the 4th quarter of 2023 for 1,066 borrowers.
Below are the approximate hard money loan volume amounts for New York’s metropolitan areas:
Albany-Schenectady-Troy, NY
- 2024 Q3: $23,826,073 for 75 borrowers
- 2024 Q2: $16,537,493 for 73 borrowers
- 2024 Q1: $15,098,857 for 74 borrowers
- 2023 Q4: $14,534,706 for 59 borrowers
Buffalo-Cheektowaga, NY
- 2024 Q3: $9,124,549 for 43 borrowers
- 2024 Q2: $8,197,825 for 40 borrowers
- 2024 Q1: $13,827,340 for 77 borrowers
- 2023 Q4: $8,097,953 for 43 borrowers
Kiryas Joel-Poughkeepsie-Newburgh, NY
- 2024 Q3: $51,589,540 for 96 borrowers
- 2024 Q2: $44,468,131 for 59 borrowers
- 2024 Q1: $55,407,136 for 103 borrowers
- 2023 Q4: $48,055,552 for 88 borrowers
Rochester, NY
- 2024 Q3: $7,193,612 for 46 borrowers
- 2024 Q2: $7,117,796 for 44 borrowers
- 2024 Q1: $10,355,832 for 68 borrowers
- 2023 Q4: $11,042,778 for 55 borrowers
New York-Newark-Jersey City, NY
- 2024 Q3: $1,047,584,624 for 1,438 borrowers
- 2024 Q2: $992,751,516 for 1,431 borrowers
- 2024 Q1: $893,950,497 for 1,312 borrowers
- 2023 Q4: $820,357,343 for 1,330 borrowers
SFR Analytics provides advanced analytics for top-performing real estate investors and private lenders. Their platform provides nationwide, real-time property data, including market activity, ownership changes, and detailed buyer behavior insights. With custom dashboards and alerts, users can track active investor and lender activity, access rental market information, and analyze geographic and demographic trends. Their Private Lender Radar product gives lenders deep insights into borrower portfolios, lending activity, and verified contact details. For those needing bulk data, they supply updated daily records, including deeds, rental listings, demographic data, and building permits, to support informed decision-making across the residential real estate market.
Funded Hard Money Loans in New York

Hard Money Refinance Loan for Mixed-Use Property in Brooklyn, New York
$450,000
Gelt Financial, a direct CRE private lender, funded a $450,000 1st lien position hard money refinance loan secured by a 3-unit mixed-use property in Brooklyn, New York. The property value was estimated at $900,000 so our loan-to-value was 50%. Located in the Flatbush neighborhood of Brooklyn, the property contained 2 residential units and 1 commercial unit. The owner recently renovated one of the residential units. They approached Gelt Financial because their previous mortgage was ballooning and the lender wasn’t interested in refinancing. The subject property was partially occupied at closing and contained one 3-bed unit, one 2-bed unit, and 1 commercial unit. It was owner-managed with annual leases in place with long-term tenants. The subject property was built in 1925 and was in good condition. It was approximately 5,000 square feet. The Borrower had good credit. They plan to lease up the vacant units and eventually refinance as an exit strategy. The interest rate was 13% floating, and we charged 3% origination points. The loan term was set at 12 months. This hard money loan was funded in March 2023.

Residential Hard Money Loan for 2-Unit Rental Property in Pearl River, New York
$345,355
RCN Capital, a national direct private lender, funded a $345,355 1st lien position hard money loan for a 2-unit residential property in Pearl River, Rockland County, NY. We funded 75% of the $410,000 purchase price and 100% of the $45,355 renovation budget, while the Borrower contributed 25% cash to the purchase at closing. The subject property was appraised for $400,000 As-Is and an after-repair value of $550,000 evidenced a good ROI for the Borrower of over 17.61%. Initial advance was 73.20% LTC & 75.00% LTV. The total loan amount was 62.80% of the after-repair value (ARV). The subject property was approximately 1,312 square feet set in an 8,712-square-foot lot. The Sponsor had a mid score of 718 and bank statements that reflected sufficient assets. The Borrower plans to lease the property upon completion of the light rehab and eventually refinance as an exit strategy. The interest rate was 12.74%. We charged 3% origination points. The loan term was set at 12 months. This residential hard money loan was funded in February 2023.