Flip financing for one of the country’s most competitive markets: up to 95% of purchase and 100% of rehab (or 90% of purchase and 100% of construction on fix and flip, fix-to-rent or value-add projects), to 75% of ARV, from Buffalo and Rochester to the boroughs.
A fix and flip loan is short-term project financing for a buy-renovate-sell deal. Rather than your income, we underwrite the business plan – what you pay, what the rehab costs, and the after-repair value (ARV). New York is a low-inventory seller’s market, and upstate is among the hottest in the country. The statewide median is near $445,000, but Buffalo (~$250,000, up ~18%) and Rochester (~$230,000, up ~18%) offer affordable entry with double-digit appreciation – buy distressed, renovate high-end, list into bidding wars.
The model keeps your own capital small and your New York flip velocity high, so you can run several projects a season and exit cleanly with a sale or a refinance into a rental.
After-repair value – your finished, sold price. Every loan dollar is sized against it.
The ceiling: total loan generally stays within 75% of ARV, leaving room for profit.
Your renovation budget – funded 100% and reimbursed in draws as work is completed.
Holding costs – interest, insurance, taxes, utilities – every month until you sell.
| Purchase financing | Up to 95% LTC (loan to cost), or 90% of the purchase price and 100% of the rehab or construction budget on fix & flip, fix-to-rent or value-add projects |
|---|---|
| Rehab financing | 100% of the rehab funds, released in draws |
| Total loan vs. ARV | Generally held within 75% of the after-repair value |
| Refinance / cash-out | Refinance up to 90% LTV; cash-out up to 75% |
| Rate & payments | From 9.99%, interest-only during the flip |
| Term | 12-36 months; extensions available; no prepayment penalty |
| Credit / docs | 620+; no income or W-2 documentation on investment properties |
| Exit | Sell the finished home, or refinance into a 30-year DSCR rental |
Target under-market New York homes where comps support your ARV and end-user demand is real.
Close in as fast as 5 days with 95% of purchase and 100% of rehab committed – or 90% of purchase and 100% of construction on fix and flip, fix-to-rent or value-add projects.
Draw your rehab budget in stages as work passes inspection, so you front far less and keep the crew moving.
List and sell into New York demand, or refinance into a 30-year DSCR loan and keep it as a rental.
A representative New York project funded with 95% of purchase and 100% of rehab, underwritten within 75% of ARV:
| Purchase price | $200,000 |
|---|---|
| Loan at 95% of purchase | $250,000 · your money in: $10,000 |
| Rehab budget (100% funded, by draw) | $60,000 |
| After-repair value (ARV) | $360,000 · total loan is 69% of ARV |
| Interest (10.5% IO, ~6-month flip) | − $13,125 |
| Points & closing (est.) | − $9,000 |
| Sale costs (~6.5% of ARV) | − $23,400 |
| Estimated net profit | ≈ $58,475 |
| Cash in the deal | ≈ $19,000 |
Illustrative for 2026, not a guarantee or an offer. Figures vary by property, market and experience. High leverage magnifies gains and losses. Business-purpose only. Consult your CPA. Equal Housing Lender.
Assumes 95% of purchase + 100% rehab, 2 points, ~$4,000 closing/reserves and 6.5% sale costs. Estimate only.
| Market | Why flippers target it |
|---|---|
| Buffalo | ~$250K, up 104% since 2020; explosive value-add. |
| Rochester | Among the nation’s most competitive markets. |
| Syracuse | Micron corridor reshaping Central New York. |
| Albany | Capital and university jobs; steady appreciation. |
| Yonkers / Westchester | NYC-adjacent commuter demand and high rents. |
| City | Why it ranks for 2026-2027 returns |
|---|---|
| Buffalo | Top appreciation on affordable entry. |
| Rochester | Competitive demand for renovated homes. |
| Syracuse | Micron-driven demand upside. |
| Utica | Value and revitalization. |
| Albany | Government-anchored steady demand. |
New York’s 2027-2028 story is Micron’s $100 billion semiconductor campus near Syracuse – projected 9,000 on-site and up to 50,000 regional jobs, drawing ~84,000 people and $9.5B-plus in annual output starting in 2027 – reshaping Central New York.
Buying near these job engines now positions your exit into the demand they create – Fund a New York flip near the growth →
95% of purchase + 100% rehab; 12-36 month interest-only.
Larger renovation budgets funded in structured draws for down-to-studs projects.
90% of purchase plus 100% of construction for New York infill and spec builds.
Flip, then refinance into a 30-year DSCR loan and keep the cash-flowing rental.
Refinance up to 90% LTV or cash out up to 75% to fund the next deal.
Scale several New York flips at once with repeatable, deal-by-deal funding.
We fund flips in every New York market. Don’t see your city? Send us the deal and we’ll price it.
Up to 95% of the purchase price plus 100% of the renovation – or 90% of the purchase and 100% of the construction on fix and flip, fix-to-rent or value-add projects – with the total loan generally within 75% of the after-repair value.
In draws. You fund the work, then we reimburse each stage as it is completed and inspected, keeping your out-of-pocket low.
12-36 month interest-only, with extensions available and no prepayment penalty. Refinances go up to 90% LTV and cash-out to 75%.
From comparable sales of similar recently renovated homes near your project, supported by an appraisal.
620+ credit and no income or W-2 documentation on investment properties – we underwrite the deal, so first-time and foreign-national flippers are welcome.
As fast as 5 days on a clean file, because we qualify the project rather than your income.
Refinance the finished home into a 30-year DSCR loan with us – the BRRRR exit is built in from day one.
Send us the purchase price, rehab budget and ARV and get real terms fast – no income docs, no hard credit pull to quote. Business-purpose investor financing from $75,000 to $20 million+, first-time and foreign-national flippers welcome.
Micron plus record-low inventory keeps New York’s 2027-2028 demand fierce. Buy distressed upstate – Buffalo, Rochester, the Micron corridor – renovate high-end, and exit into bidding-war demand.
Market and profit figures are third-party estimates for 2026-2028, vary by source and submarket, and are not guarantees.
New York’s low-inventory seller’s market keeps upstate among the most competitive in the country – Buffalo (~$250,000) and Rochester (~$230,000) have posted double-digit annual gains and are up roughly 100% since 2020.
The headline job engine is Micron’s $100 billion semiconductor campus near Syracuse, projected to create up to 50,000 regional jobs and draw about 84,000 new residents to Central New York – a demand catalyst that strengthens renovated-home resale into 2027 and 2028.
New York fix & flip rates, advances, ARVs and terms shown are illustrative for 2026, subject to change, and depend on the property, credit, experience and program. Business-purpose, non-owner-occupied investment properties only. Not a commitment to lend. Equal Housing Lender.
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