Investment property loans · New York County, NY
Manhattan deals usually involve existing apartments and buildings rather than vacant land: condo and co-op units, early 20th-century apartment buildings in Washington Heights and Inwood, and Harlem townhouses that can be restored or kept as multi-unit rentals. Rent stabilization can reach older buildings of six or more units, and state transfer taxes step up at $2 million and $3 million, so those rules often decide whether the numbers work.
Where investors buy
Loan programs
30-year loans for Manhattan 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.
Subject to appraisal and underwriting.
Buy and renovate in Manhattan 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.
Subject to appraisal and underwriting.
Close quickly on a Manhattan 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.
Subject to appraisal and underwriting.
Financing for new builds in Manhattan, 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 quoteFinancing for Manhattan 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 quoteGood to know
Funded deals
$1,124,215
Get your terms
Rather talk now? (718) 704-0499
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
Yes. United Lending LLC offers private real estate financing for investors in Manhattan and the rest of New York 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.
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 Harlem, Washington Heights and Inwood, among other parts of Manhattan.
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.
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.
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
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.