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Fix-and-flip loans in New York City
Purchase and rehab financing for 1–4 family homes and condos across Brooklyn, Queens, the Bronx, Staten Island and Manhattan.
Financing flips across the five boroughs
Fast Flip Capital is a national fix-and-flip lender headquartered in Massachusetts, and New York City is one of our featured markets. We finance 1–4 family renovation projects in every borough.
What investors buy in NYC
- Brownstones and rowhouses in Brooklyn neighborhoods such as Bedford-Stuyvesant, Crown Heights and Bushwick, often as two- to four-family buildings.
- Attached and semi-detached one- and two-families throughout Queens and the Bronx.
- Detached single-family homes on Staten Island and in eastern Queens.
- Condominiums in all five boroughs. Condos are eligible, but co-ops are not, which rules out a large share of NYC apartments.
New York City considerations
- Permits. Most renovation work requires filings with the NYC Department of Buildings, and larger scopes typically need a licensed architect or engineer. Build approval timelines into your 12-month term.
- Landmarks. Buildings in historic districts or individually landmarked need Landmarks Preservation Commission approval for many exterior changes.
- Rent regulation. If a building has rent-stabilized or rent-controlled units, renovation doesn't automatically deregulate them; New York's rules changed significantly in 2019. Units must be properly registered and in compliance, and occupied units need a clear plan.
- Lead paint. NYC's lead law imposes inspection and remediation duties on older multiple dwellings where young children live. Budget for lead-safe work practices.
- Transfer taxes and closing. New York City and New York State both levy transfer taxes, and New York closings are attorney-driven. Factor these costs into your exit.
How our loans fit NYC deals
NYC deals tend to carry higher purchase prices and longer permitting timelines. Our loans range from $75,000 to $2,000,000, and the total loan is capped at up to 75% of after-repair value.
- Single-family, 2–4 unit, condo and townhome flips
- Up to 90% of purchase and up to 100% of rehab (standard program)
- Up to 100% financing for top-tier investors with 10+ completed flips (rehab financed up to $200K)
- Draws released after third-party inspection
- No prepayment penalty
Location requirements: Larger New York loans may require additional legal review, which can add time to closing. Leverage and loan size vary by property and location, so send us your deal to confirm terms.
Boroughs and nearby areas we serve
- Brooklyn
- Queens
- The Bronx
- Staten Island
- Manhattan
- Yonkers
- Mount Vernon
- New Rochelle
- Nassau County
- Jersey City
Fast Flip Capital is a national lender. We finance fix-and-flip projects in most U.S. states. See where we lend.
These notes are general information for investors, not legal advice. Local rules change, so confirm permit, inspection and disclosure requirements with the municipality and your attorney before you buy.
Flipping in NYC?
Send us your numbers and get a term sheet. No property address required.