Fast Funding Solutions: #1 Rated Hard Money Lenders New York Since 1998


Close with the leading Hard Money Lenders NYC in just 7 days on most deals


The Premier Hard Money Lenders NYC

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American Association of private lenders member

What do Hard Money Lenders New York offer for Real Estate Investors?

Hard money lenders in New York provide financing options that are perfectly aligned with the needs of “fix and flip” investors. These lenders offer a shortened timeline and evaluate the value of the real property to be used as loan collateral. Here are some key points about hard money lenders in New York:

  1. Hard Money Loans: These loans allow real estate investments to happen even when traditional lenders may not approve, such as in the case of fix-and-flip properties or rental investments.
  2. Benefits for Borrowers:
    • Lower Down Payment Requirements: Hard money loans typically require a lower down payment compared to conventional loans.
    • Fewer Restrictions: Borrowers have more flexibility in using the funds for various investment purposes.
  3. Finding the Right Lender: Not all New York hard money lenders offer the same terms and conditions. It’s essential to choose a lender that suits your specific investment goals and project requirements.

Remember that New York’s real estate market is highly valued, especially in the New York City metro area. Demand for housing remains strong, making hard money lenders a valuable resource for investors looking to seize opportunities in this competitive market.

Ken has been a hard money lender for over 25 years. He has funded over 25k deals for investors in that time. Ken specializes in fix and flips, ground up spec construction and 30 year DSCR loans. He is also a real estate investor in NJ and NY. Being from Brooklyn, he understands the NYC hard money lending market better than most.


How to get a Hard Money Loan Video from Hard Money Lenders New York – LLC

Some of the parts of NY we lend in : Brooklyn, Bronx, Queens, Manhattan, Staten Island, Long Island 

New York Hard Money Lenders – Why Choose Us?


We're in the Business

We’ve rehabbed, sold and rented investment properties ourselves. We know what to look for so you can be confident that your project will result in profit. 


We're a Direct Lender

We loan the money. We don’t find the money form someone else. This means you can rest easy knowing that if we approve your loan, it’s going to get funded. No surprises.


We're Fast and Efficient

We can give you preliminary approval in as little as 24 hours and have your loan closed and paid out in less than 7-10 days. We’re one of the most efficient hard money lenders in New York.


We're Investor Focused

We consider you our partner and we want you to make money. We make it a point to look at our loans from all angles to make sure you’re going to get a fair return. 

How is the New York City Real Estate Market for investing in 2024?


The New York City real estate market in 2024 presents a dynamic and evolving landscape. Here are some key trends and factors to consider for investors:

  1. Resilience and Growth:
  2. Challenges and Opportunities:
  3. Strategic Considerations for Investors:
    • Neighborhoods with Room for Growth: Look for areas where prices still have potential to rise.
    • Proximity to Valued Markets: Consider neighborhoods bordering highly valued residential areas.
    • Opportunities Amidst Challenges: Despite inventory constraints, strategic investments can yield profitable returns.

In summary, while challenges exist, the NYC real estate market offers opportunities for investors who navigate strategically and stay informed about market dynamics


How can I contact LLC for more information about Hard Money Loans in New York? 


You can contact LLC for more information through the following methods:

Their team is known for being responsive and they encourage potential clients to reach out with any questions or loan scenarios for review.


Can I schedule a consultation with them for my Hard Money Loan in NYC? 


Yes, you can schedule a consultation with LLC. They encourage potential clients to reach out to discuss loan scenarios or any questions you may have. You can submit your loan application or inquiry through their online form, and they will get back to you promptly. If you prefer, you can also call them directly or send a text message to the provided numbers.. This way, you can have a personalized discussion about your real estate investment needs and the loan options available to you.


What documents should I have prepared for my consultation with Hard Money Lenders New York LLC? 


For a consultation with LLC, you should prepare the following documents:

  • Personal Identification: A government-issued ID to verify your identity.
  • Property Information: Details about the property you’re seeking financing for, including address, current value, and any rental income it generates.
  • Financial Statements: Recent bank statements or other financial documents to demonstrate your financial stability.
  • Credit Report: Although they may not require a minimum FICO score, having your credit report can be helpful.
  • Experience: Documentation of your experience in real estate investing, especially if you’re applying for certain loan programs.
  • Construction Plans: If your project involves construction, copies of the construction plans may be requested1.
  • Loan Application: A completed loan application form, which you can likely obtain from their website or during your initial contact.

It’s always a good idea to reach out to them directly to confirm the exact documents needed, as requirements may vary depending on the specific loan program you’re interested in.


Are there any specific requirements for fix and flip loans in New York? 


Yes, there are specific requirements for fix-and-flip loans that investors need to meet. These typically include:

  • To approve a fix-and-flip loan, lenders often require a decent credit score
  • A Solid Business Plan: Having a detailed business plan is crucial. It should outline the project’s timeline, budget, and expected return on investment.
  • Lenders will want to know the location, purchase price, and potential after-repair value (ARV) of the property you plan to flip.
  • Real Estate Investment Expertise: Lenders might ask for evidence of your track record in property investment, especially if you have experience with house flipping projects.
  • Initial Investment Requirement: A down payment, representing a portion of the property’s purchase price, is typically necessary to secure a loan.
  • After-Renovation Value (ARV): The potential value of the property post-improvements is a key factor in determining the amount of the loan.


What are the typical interest rates for fix-and-flip loans in New York? 


Interest Rates for Fix-and-Flip Loans:

  • The interest rates for fix-and-flip loans can vary depending on the lender and the specific details of your project.
  • As of April 2024, here are some typical ranges:
    • Fix-and-flip loans: Approximately 12,5%.
    • Conventional 30-year fixed rate mortgage: Around 7.1%.
  • In general:
    • Typical interest rates: Fall between 10% and 18% for hard money loans
    • Fees: Up to 2 to 4 points.
  • Keep in mind that these rates are higher than conventional mortgage rates due to the short-term nature and the increased risk associated with fix-and-flip investments.


Are there any specific requirements for fix and flip loans in New York?


When considering fix and flip loans in New Jersey, there are several important requirements to keep in mind:

  1. Property Type:
    • Fix and flip lending is typically available for residential properties with 1-4 units.
  2. Loan-to-After Repair Value (LTARV):
    • Most lenders in New York offer a maximum LTARV of 70%.
  3. Cash Reserves and Down Payment:
  4. Eligibility Criteria:
    • Lenders may consider factors such as your credit score, business plan, and experience with fix-and-flip projects.
    • Having a successful track record with previous fix-and-flip deals will get you better loan terms and higher loan to values. 


What qualifications does LLC require for NYC Construction Loans? LLC offers NYC construction loans with the following qualifications:

  1. New Construction Loans:
    • Loan Term: 12-24 months
    • Loan Amount: $100,000 to $3 million
    • Loan-to-Value (LTV):
      • Up to 75% of initial advance
      • Up to 90% total loan-to-cost
    • Rates: Start at 12%
    • Qualification Requirement:
      • Must have 1 or more new build and sale in the last 36 months to qualify
Shaun Dozier
Shaun Dozier
My company has closed over 5 deals with Ken Vesely . He's very knowledgeable and will get it done . Good communication and responsive!
Demetri Williams
Demetri Williams
This is the best lender I've used for all my deals. Very fast and efficient. Never any glitch always a smooth sail to closing. Don't waste your time using someone else.
Dario Olivere
Dario Olivere
I have closed multiple deals with Ken. He’s to the point, very straight forward and won’t lead you on. He’s helped guide me along the way. I will always recommend him to my friends and I will always use him for my deals.
Tom Tinsey
Tom Tinsey
This was my first time using any type of hard money financing so I had tons of questions along the way. Ken answered every one and even helped me out a lot with great recommendations as far as building my real eatate portfolio. Look forward to working with him on future deals and would recommend. No nonsense. No bs. All buisness!!
Brandi Pernell
Brandi Pernell
The experience my husband’s and my company (Kingdom Realty, LLC) had with, LLC/Ken Vesely was five-star, from our very first interaction to closing. Ken is efficient, responsive, transparent and extremely knowledgeable. He kept his word on all things discussed, with no surprises along the way, which is extremely important with matters such as these. This was Kingdom Realty LLC's first experience with a hard money loan. Ken took the time to answer all of our questions and taught us a lot throughout our loan approval process. We closed our deal in less than 30 days; and would have closed sooner had it not been for the holidays. We are very much looking forward to working with LLC for our next deal, and strongly recommend this company to others looking to invest in real estate, close a deal quickly, and learn some tips along the way.
Christian Rodriguez
Christian Rodriguez
I have worked with Ken multiple times and every transaction was a breeze if I have to recommend a straight forward Hard Money Lender, Ken is the man to go with
Christina McCann
Christina McCann
Great company great experience
Joe Matthews
Joe Matthews
Dealing with Ken and his team is flawless. The process is very streamline from start to finish with excite communication throughout the process

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