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UNITEDLENDING

Investment property loans · Albany County, NY

Hard money, fix and flip and DSCR loans in Albany, NY

Albany investors mostly buy into the city's older neighborhoods: Pine Hills, with freestanding multi-unit houses, duplexes and a large student population east of Main Avenue; Center Square and the Mansion District, with brick and Italianate row houses; and the Ten Broeck Triangle in Arbor Hill. Two- to four-unit rentals fit this stock well, but the city's rental occupancy permit, its Good Cause Eviction opt-in and the state lead registry all add steps.

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Where investors buy

Neighborhoods investors look at in Albany

Pine Hills developed from the 1880s into the early 1900s with freestanding multi-unit houses, duplexes and semi-detached homes. Closer to downtown, Center Square and the Mansion District are built up with brick row houses in Italianate and other 19th-century styles.
Pine HillsFreestanding multi-unit houses, duplexes and semi-detached homes from the late 1800s and early 1900s; the blocks east of Main Avenue house many college students.
Center SquareBrick row houses such as Brides' Row on Chestnut Street, all within the Center Square/Hudson-Park Historic District.
Mansion DistrictRow houses in most major 19th-century styles, with Italianate the most common, around the Governor's Mansion.
Arbor HillHistoric rowhouses with porches in the Ten Broeck Triangle, in a neighborhood that lost population in the mid-20th century.

Loan programs

Loans for Albany real estate investors

Pick the loan that fits the deal: short-term money to buy, renovate or build, or a long-term loan to hold the property. Published limits are subject to appraisal and underwriting.
Long-term

DSCR rental loans in Albany

30-year loans for Albany rentals of 1–4 units, fixed or adjustable, qualified on the rent with no personal income verification: up to 85% of the price on a purchase, with loans from $75,000.

Purchase LTV up to85%
Term30 years
Income docsNot required
Loans from$75K

Subject to appraisal and underwriting.

DSCR loans: terms and requirements
Short-term

Fix and flip loans in Albany

Buy and renovate in Albany with up to 95% of the price and 100% of the rehab budget, on a 12–18 months interest-only loan with no prepayment penalty when the house sells.

Purchase price up to95%
Rehab funded up to100%
Term12–18 months
Prepayment penaltyNone

Subject to appraisal and underwriting.

Fix and flip loans: terms and requirements
Short-term

Bridge loans in Albany

Close quickly on a Albany property with up to 95% of the cost financed and a 12–18 months interest-only term, then sell it or refinance onto a long-term loan. No prepayment penalty.

Leverage up to95% LTC
Term12–18 months
PaymentsInterest only
Prepayment penaltyNone

Subject to appraisal and underwriting.

Bridge loans: terms and requirements
Short-term

Ground-up construction loans in Albany

Financing for new builds in Albany, from spec homes built to sell to rentals built to hold. Every project is quoted on its plans, budget and builder.

Quoted on your deal.

Construction loans: get a quote
Long-term

Multifamily and commercial loans in Albany

Financing for Albany apartment buildings of five units or more, mixed-use and commercial property, quoted on the building's income.

Quoted on your deal.

Multifamily and commercial: get a quote

Good to know

Before you buy in Albany

Local rules and costs that change a deal's numbers or closing date in Albany and Albany County. Sources are listed at the bottom of the page.
  • Plan for a Residential Occupancy Permit before renting: Albany requires landlords to register each rental unit, pay fees and pass a city inspection, with registration renewed every 30 months.
  • Albany opted in to New York's Good Cause Eviction Law, and its small-landlord exemption is narrower than New York City's, so check coverage before projecting rent increases.
  • Albany is on the state's lead communities-of-concern list, so check whether the property's ZIP code is covered: there, rentals with two or more units built before 1980 need a Lead Safety Certificate every three years; budget for the inspection and any lead-safe repairs.
  • Request the seller's Property Condition Disclosure Statement, which since March 20, 2024 can no longer be replaced with a $500 credit and now covers flood risk.

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Have a Albany property in mind?

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United Lending LLC offers business-purpose financing secured by non-owner-occupied investment real estate. We do not offer loans for personal, family or household purposes, or loans on owner-occupied primary residences.

Questions

Loans in Albany: common questions

Do you offer hard money loans in Albany?

Yes. United Lending LLC offers private real estate financing for investors in Albany and the rest of Albany County: fix and flip and bridge loans sized on the deal, and DSCR rental loans sized on the rent. We're headquartered in Brooklyn, New York, and lend nationwide.

Do you offer DSCR loans in Albany?

Yes. Our DSCR loans are 30-year loans on 1–4 unit rentals, fixed or adjustable, qualified on the property's rent against its monthly payment with no personal income verification, up to 85% loan-to-value on a purchase and loans from $75,000. Investors use them for rentals in Pine Hills, Center Square and Mansion District, among other parts of Albany.

How much can I borrow for a Albany flip?

Up to 95% of the purchase price and up to 100% of the rehab budget, on a 12–18 months interest-only loan. Those are maximums, subject to appraisal and underwriting: the property, your experience and the comps set what your loan gets.

Is there a prepayment penalty on a loan in Albany?

There's no prepayment penalty on fix and flip or bridge loans. DSCR rental loans come with a choice of prepayment terms, from none up to five years, set out in your written terms before you commit.

Do I need to live in Albany or have a New York LLC?

No. You can borrow in your own name or through an LLC, wherever you live; many of our borrowers invest outside their home state. If your LLC was formed outside New York, your loan officer will tell you what's needed before closing.

New York

More places we lend in New York

Sources (7)Checked November 6, 2026

United Lending's loan terms are its published program limits. The local rules and costs on this page come from the public sources below, checked on the date shown; confirm them with the city, county or your closing attorney before you rely on them.

  1. City of Albany: Landlord resources (Residential Occupancy Permit)
  2. NYS Attorney General: Good Cause Eviction Law
  3. NYS Department of Health: Lead Rental Registry Program launch
  4. Albany County Department of Health: NYS Rental Registry lead inspections
  5. NY Real Property Law Section 462 (property condition disclosure form)
  6. NY Senate: Bill A1967 of 2023 (repeal of the $500 credit)
  7. Wikipedia: Pine Hills, Albany