Fix and flip loans in New York fund acquisition plus renovation on a single interest-only bridge sized to after-repair value (ARV), not your tax return. The exit is resale — buy distressed, rehab on draws, list into Albany demand, and repay the bridge from proceeds.
Fix-and-flip economics in New York
Margin is made on the buy and protected on the timeline. Two New York cost lines bite flip margin: holding-period property tax at an effective ~1.40% (effective rate varies enormously — upstate is far higher than NYC on assessed value) and state income tax on the gain (~4%–10.9%). Model both before you commit to ARV.
| Metro | Typical basis | Rent band | Flip notes |
|---|---|---|---|
| Albany | $220K–$340K | $1,500–$2,000 | state-government employment stability |
| Rochester | $150K–$260K | $1,200–$1,650 | lowest basis; strong cash-flow yields |
| Buffalo | $160K–$280K | $1,250–$1,750 | double/two-family value-add with an upstate comp package |
Speed comes from judicial foreclosure norms — judicial foreclosure is very slow (often 2–3 years) — favor the upstate BRRRR lane. Build the local process timeline into your carry, because New York disposition can run longer than national averages.
New York flip loan terms (2026)
| Term | New York range |
|---|---|
| Acquisition leverage | Up to ~90% of purchase |
| Rehab funding | 100% of approved scope, on draws |
| Basis | Sized to ARV ($145,000 – $325,000 typical) |
| Rate | Interest-only, ~10.5%–12% |
| Term | 6–12 months |
Local risk to scope in New York
New York carries specific physical-risk lines you must price before close:
- Coastal/urban flood downstate
- Aged multi-family stock with lead and oil tanks upstate
Profit math on a Albany flip
| Line | Amount |
|---|---|
| Purchase | $220,000 |
| Rehab | $58,000 |
| All-in | $278,000 |
| Carry (~5 mo @ ~11.3% IO) | $11,728 |
| ARV (conservative) | $395,000 |
| Selling costs (~8%) | $31,600 |
| Est. net before tax | $73,672 |
A workable spread — protect it with contingency. Spread compresses fast when ARV comps are optimistic or rehab runs 15%–25% over scope.
Where New York flippers find inventory
- Albany — state-government employment stability
- Rochester — lowest basis; strong cash-flow yields
- Buffalo — double/two-family value-add with an upstate comp package
NY DFS mortgage licensing; upstate investor lane differs from NYC rent-stabilization rules.
After the flip: hold instead?
If the numbers favor a hold, refinance into a New York DSCR loan on the stabilized rent, or run a portfolio bridge via hard money lenders New York.
New York fix-and-flip FAQ
How much do New York fix-and-flip loans cover?
Typically up to ~90% of purchase plus 100% of an approved rehab budget, sized to ARV — commonly the $145,000 – $325,000 band across New York investor stock. Leverage depends on experience and the deal.
How fast can I close a flip loan in New York?
Asset-based files in New York can close in roughly 7–14 days with clear title and a workable scope — fast enough for Albany auction and estate timelines.
What kills New York flip margin most often?
Optimistic ARV comps and rehab overruns of 15%–25%, plus coastal/urban flood downstate. Build contingency into every New York budget.
Get Your New York Fix-and-Flip Quote · (833) 264-7776
Rates, terms and conditions offered only to qualified borrowers and are subject to change at any time without notice. All loans are subject to full underwriting. Jaken Finance Group only finances non-owner occupied investment properties.