New York Bridge Loans provide business-purpose real estate investors with Up to 80% LTV Acquisition / 75% Bridge Cash-Out across loan amounts from $100,000 – $15,000,000+ at 8.75% – 10.99% Interest-Only (12, 24 & 36 Months (With Extension Options), 640+ FICO min FICO, 10 – 15 Business Days close). In New York (NY), lenders underwrite to a Judicial (RPAPL Article 13) statutory framework (240–360 days-day average timeline), a 1.64% average property tax rate (~$745/mo at the $545,000 state median), and $580/$100K hazard insurance (~$263/mo).
Real estate bridge loans provide transitional interest-only financing to acquire vacant or under-market properties, complete value-add lease-up on 5–25+ unit apartments, execute 1031 exchanges, or unlock equity prior to refinancing into a long-term 30-year fixed DSCR loan.
Median 1–4 unit price of $545,000 (75% LTV = $408,750) with Form 1007 rent of $3,950/mo and multifamily rent of $2,280/door.
New York operates under a Judicial (RPAPL Article 13) regime (240–360 days days). Lenders require ALTA lender's title endorsement, LLC Good Standing, and 6 months PITIA liquidity reserves.
Close in your New York LLC or Delaware LLC registered in NY with zero personal tax returns, W-2s, or 4506-C transcripts.