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Bridge Loans for Investors in New York

What New York investors should know, with county data and city pages.

Investor bridge loans in New York help buyers of 1-4 unit rental property handle timing gaps, such as buying before selling or closing before a property qualifies for long-term financing. Many investors use a bridge loan to buy or stabilize a property and then refinance into a DSCR loan. These short-term business-purpose loans cost more than permanent financing, so confirm lien position, extension terms and your exit plan before you commit, and keep cash on hand in case the timeline runs long.

Questions about bridge loans for investors in New York?

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New York transfer taxes: Real estate transfer tax. New York taxes conveyances of real property or interests in it; the base tax is generally paid by the seller, but the buyer must pay if the seller does not or is exempt. Higher-priced residences and certain New York City conveyances carry additional taxes. Your Loan Estimate or closing statement lists what applies to your deal.

Where the numbers point in New York

Counties with the most investor loans with balloon or non-amortizing terms (2024):

CountyInvestor loans with balloon or non-amortizing terms (2024)
Kings County680
Suffolk County511
Monroe County399
Nassau County302
Queens County299
Bronx County298
New York County272
Westchester County161
Orange County147
Erie County110
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Prefer to talk first? Call (888) 865-8230. Applying is not a loan approval or commitment to lend; programs vary by borrower, property and investor. ClearPoint Mortgage Advisors, NMLS #173855. Properties in FL, NY, NJ, PA, CT and VA only.

Bridge Loans for Investors by city in New York

Common questions

What is an investor bridge loan in New York?

An investor bridge loan is short-term financing secured by 1-4 unit investment property. It covers a timing gap, such as buying before you sell or holding a property until it qualifies for long-term financing. The loan is repaid by a sale or refinance. Most are business-purpose loans, and they are priced above permanent rental financing.

Is a bridge loan for investment property a consumer loan?

Usually not. Bridge financing on a rental for a business purpose is generally treated as business-purpose credit, and many investors borrow through an LLC. That category has its own rules and disclosures, separate from home loan rules, and your loan officer can confirm which cover your bridge. Bridge financing on your own residence is a separate, consumer product.

What does bridge to DSCR mean?

Bridge to DSCR describes using a short-term bridge loan to buy or stabilize a rental and then refinancing into a DSCR loan once it is leased. The DSCR loan qualifies the property on its rent compared with the monthly housing payment. Ask about the DSCR lender's standards early so your bridge loan is set up for that refinance.

Other investor loans in New York

DSCR loansDSCR requirementsDSCR down paymentAirbnb / STR loansHard money lendersHard money for a primary homeFix and flip loansPortfolio lendersBlanket mortgagesInvestment property loansHELOC on a rentalInvestor cash-out refiSecond home loansInterest-only investor loansPrivate money lenders

Related guides

Bridge Loans for Investors overview · New York investor loan overview

  • 2024 HMDA data
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