Bridge Loans in New York

Types Of Bridge Loans We Offer in New York

Bridge loans are short-term loans, also referred to as hard money loans. Their function is to provide immediate financing for real estate. These loans are typically replaced with permanent bank financing once construction is completed or a real estate investment is stabilized.

At Mansby Capital, we offer the following expert services in the state of New York:

Acquisition Loans

These loans can be used to cover the purchase of raw land, an existing single-family home, or existing multi-family property. They usually last no more than two years, after which the borrower will typically refinance the acquisition loan into a more permanent mortgage.

Construction Loans

Construction loans are typically used to cover the costs associated with constructing a building. Building materials, contractor labor, permits, and professional fees are only a few of the essentials covered by a construction loan. This type of loan usually lasts no more than two years, after which the borrower will typically refinance the construction loan into a more permanent mortgage.

Fix and Flip Loans

Designed to help purchase and renovate a property before selling or refinancing it, fix and flip loans combine acquisition and construction loans into one, making it simpler for borrowers. They are an excellent way to provide fast funding when buying via foreclosure or auction.

Top Bridge Loan Financing for Builders & Real Estate Investors in New York

At Mansby Capital, we pride ourselves on being a leading New York bridge lender serving builders and real estate investors. We specialize in land acquisition, multifamily acquisition, new construction, and rehabs. We know that speed matters and can close even the largest loans in a short time.

If you are looking for a team of bridge loan lenders in Westchester County, Nassau County, Suffolk County, and beyond, please contact us by completing the linked form or call us at 212-330-9000.

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Recently Funded Projects

$506,250
Existing Multi Family
7 Conlon Street
Bristol,
CT
Funded: June 2022
Loan to Value: 63%
$485,000
Multi Family Conversion
34 Walnut Street
New Britain,
CT
Funded: February 2022
Loan to Value: 49%
$1,500,000
Single Family Spec-House
4 Kingston Road
Scarsdale,
NY
Funded: January 2022
Loan to Value: 38%

Talk to us about your financing needs.

Please complete the form below or contact us via phone or email.

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