Freedom Legacy Lending is a direct private money lender funding fix and flip, DSCR rental, bridge, ground up construction and rental portfolio loans on non owner occupied 1 to 4 unit properties in New York. Rates start at 7.5% for rentals and 10.5% for fix and flip, and most deals fund in about 3 weeks.
Our loan programs in New York
| Program | Best for | Rates from |
|---|---|---|
| Fix and Flip | Buy, renovate and sell 1 to 4 unit homes. | 10.5% |
| DSCR Rental | Long term loans qualified on the rent, not your tax returns. | 7.5% |
| Bridge | Short term money for finished or rent ready properties. | 10.5% |
| Ground Up Construction | Build spec, infill and tear down homes from the ground up. | 11.5% |
| Rental Portfolio | One loan for several rentals in the same state. | 7.5% |
Points are 2.50 under $1M and 2.00 at $1M and up. Standard lender fees are shown up front on your term sheet.
Where we lend in New York
We lend statewide, including:
- Brooklyn
- Queens
- The Bronx
- Staten Island
- Long Island
- Buffalo
- Rochester
- Syracuse
- Albany
What New York investors should know
Budget for closing costs
New York charges a mortgage recording tax on most loans, which adds to your cash to close. Build it into your numbers early so there are no surprises.
Eligible property types
We finance single family homes, 2 to 4 unit properties, townhomes and warrantable condos. Co-ops are not eligible.
Upstate price points
Cities like Buffalo, Rochester and Syracuse offer lower purchase prices. Our fix and flip loans start at $50K and DSCR rental loans at $75K, so these deals can fit our programs.
Run your numbers first
See your DSCR, loan amount and cash to close with our free DSCR calculator and fix and flip calculator.
Questions
Do you lend in New York?
Do you finance co-ops?
Do I need to live in New York?
What DSCR do I need for a New York rental?
Free investor guide
Read Your Deal Like a Lender
A 14 page playbook from a direct lender. Learn how lenders size, score and fund 1 to 4 unit deals, so you can structure yours for the most leverage.
- The formula for your max offer price at full leverage
- DSCR math that tells you your loan size before you submit
- The BRRRR refinance test and the 180 day seasoning rule
- Ten deal killers, plus a printable Deal Worksheet
Get the free guide
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Have a deal in front of you?
Send the basics. You will hear from a loan officer, usually the same business day.