# New York Fix and Flip Loans

> Hard money, fix and flip and DSCR rental loans for New York City, Long Island and Westchester real estate investors. The New York division of Optimus Capital Corp (https://www.optimuscapitalcorp.com/), a relationship-driven lender for real estate investors founded in 2015. Business-purpose loans on non-owner-occupied investment property only.

New York Fix and Flip Loans lends to real estate investors in all five boroughs of New York City (Brooklyn, Queens, the Bronx, Manhattan and Staten Island) and in Nassau, Suffolk and Westchester counties. Andrew Shanti (Senior Vice President) runs the New York division and has worked in lending and real estate since 2005. Phone (954) 598-4564. Email andrew@optimuscapitalcorp.com.

Key terms: Fix and flip loans up to 90% of purchase and 100% of rehab at a 720+ credit score, within 70 to 75% of after-repair value, interest only, 6 to 24 months, no prepayment penalty. DSCR rental loans up to 85% loan-to-value to purchase and 80% on a cash-out refinance, qualified on rental income (long-term market rent; New York City’s Local Law 18 bars whole-home short-term rentals), with no tax returns or employment check. Ground-up construction loans up to 90% of cost for experienced builders. Minimum credit score 600. Loan amounts from $75,000 to more than $10 million. Rental loans close in about 30 days; fix and flip loans average up to 21 days and can close in about 7 days.

## Loan programs
- [Investment Property Loans in New York](https://newyorkfixandfliploans.com/investment-property-loans-new-york/): non-owner-occupied lending and how to choose a lender
- [Fix and Flip Loans](https://newyorkfixandfliploans.com/fix-and-flip-loans/): purchase and renovation bridge loans
- [DSCR Rental Loans](https://newyorkfixandfliploans.com/dscr-rental-loans/): long-term rentals, two- to four-family homes, condos and small multifamily
- [Ground-Up Construction Loans](https://newyorkfixandfliploans.com/new-construction-loans/): new homes, multifamily and rebuilds
- [Hard Money Loan Programs](https://newyorkfixandfliploans.com/hard-money-loan-programs/): all six programs compared

## Company
- [About New York Fix and Flip Loans](https://newyorkfixandfliploans.com/about-us/)
- [Hard Money and Fix and Flip Loan FAQ](https://newyorkfixandfliploans.com/faq/)
- [Contact](https://newyorkfixandfliploans.com/contact/)

## Markets
- [Areas We Serve](https://newyorkfixandfliploans.com/areas-we-serve/)
- [Hard Money Loans in Brooklyn, NY](https://newyorkfixandfliploans.com/brooklyn-ny/)
- [Hard Money Loans in Queens, NY](https://newyorkfixandfliploans.com/queens-ny/)
- [Hard Money Loans in The Bronx, NY](https://newyorkfixandfliploans.com/bronx-ny/)
- [Hard Money Loans in Manhattan, NY](https://newyorkfixandfliploans.com/manhattan-ny/)
- [Hard Money Loans in Staten Island, NY](https://newyorkfixandfliploans.com/staten-island-ny/)
- [Hard Money Loans in Nassau County, NY](https://newyorkfixandfliploans.com/nassau-county-ny/)
- [Hard Money Loans in Suffolk County, NY](https://newyorkfixandfliploans.com/suffolk-county-ny/)
- [Hard Money Loans in Westchester County, NY](https://newyorkfixandfliploans.com/westchester-county-ny/)

## Guides
- [Cost Segregation for New York Rental Property: Bigger Deductions in Year One](https://newyorkfixandfliploans.com/cost-segregation-new-york-rental-property/): How a cost segregation study front-loads depreciation on a New York rental, what 100% bonus depreciation changes, and why your New York State return is different.
- [Fix and Flip Loans in New York: How to Finance a Renovation](https://newyorkfixandfliploans.com/fix-and-flip-loans-new-york-guide/): How a fix and flip loan is sized on a New York house, what recording and transfer taxes, permits and landmarks review do to the budget, and how to plan the exit.
- [New York City Short-Term Rental Rules: What Investors Need to Know](https://newyorkfixandfliploans.com/nyc-short-term-rental-rules-investors/): What Local Law 18 allows and bans, why whole-home rentals under 30 days are off the table in the city, and what that means for underwriting a New York rental.
- [New York Closing Costs for Investors: Mortgage Recording, Transfer and Mansion Taxes](https://newyorkfixandfliploans.com/new-york-closing-taxes-investors/): How New York City’s mortgage recording tax, the city and state transfer taxes and the mansion tax work on an investment purchase, a refinance and a flip.
- [Rent Stabilization and Good Cause Eviction: A Guide for New York Investors](https://newyorkfixandfliploans.com/rent-stabilization-good-cause-eviction-investors/): Which New York buildings are rent stabilized, what the 2019 rent law changed, how Good Cause Eviction works and who is exempt, and how each affects a purchase and a loan.
- [DSCR Loans for New York Rental Property: How They Work](https://newyorkfixandfliploans.com/dscr-loans-new-york-rental-property/): How a DSCR loan qualifies a New York rental on its rent, what counts in the payment, and how New York’s taxes and rent rules affect the ratio.
- [Hard Money Loan Document Checklist](https://newyorkfixandfliploans.com/hard-money-loans-document-list/): What to gather for a rental (DSCR) loan, a new construction loan and a fix and flip loan, divided into one-time documents and documents for each deal.

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