41 private lenders active in the New York fix and flip market were evaluated across seven factors between January and June 2026. We focused on lenders with documented loan volume, live websites, and verifiable borrower activity in the state. We rank-ordered the top 6 companies using the following seven factors:
- New York Market Depth (18%): Borough-level regulatory knowledge, active deal volume in NY, and familiarity with HPD compliance, certificate of occupancy requirements, and local title relationships
- Max Loan-to-Cost (LTC) (17%): Combined purchase and rehab coverage as a percentage of total project cost
- Average Borrower Review Score (15%): Aggregated third-party scores from Trustpilot and other verified platforms
- Closing Speed (15%): Typical business days from signed term sheet to funded loan
- Interest Rate Range (15%): The advertised starting rate and typical ceiling for New York fix and flip loans
- Rehab Funding Coverage (12%): Percentage of renovation costs the lender will cover, plus draw structure flexibility
- Term Sheet Turnaround (8%): Time from deal submission to a full, deal-specific written term sheet
The Best Hard Money Lenders for Fix and Flip in New York, 2026
| Rank | Company | NY Market Depth (18%) | Max LTC | Avg Review Score | Close Time | Interest Rate | Rehab Coverage | Term Sheet Turnaround | Specialty |
|---|---|---|---|---|---|---|---|---|---|
| 1 | We Lend LLC | NYC-Based, NY/NJ Core | 85% purchase / 100% rehab | 4.0/5.0 | 3–7 business days | From 8.75% | 100% of rehab costs | 2–4 hours | NY/NJ speed closings, full-stack rehab |
| 2 | Stormfield Capital | Northeast Core (NY/NJ/CT) | Up to 92.5% LTC | Not listed | 7–10 business days | From 8.99% | Up to 92.5% of project | Same day | Northeast balance sheet fix and flip |
| 3 | New Silver | National (NY active) | Up to 90% LTC | 4.8/5.0 | 5–7 business days | 8.5%–11% | Up to 90% of project | Minutes (automated) | Tech-driven speed, instant proof of funds |
| 4 | Ridge Street Capital | National (NY active) | Up to 90% LTC | 4.0/5.0 | 7 business days | 10.5%–11.5% (NY) | 100% of rehab | 24 hours | Multi-state DSCR and fix and flip |
| 5 | CoreVest Finance | National | 80%–85% LTC | 4.0/5.0 | 14–21 business days | From ~9% | Up to 90% of project | 2–3 business days | Institutional bridge and rental portfolios |
| 6 | Renovo Financial | National (NY active) | ~85%–90% LTC | 2.5/5.0 | 7–14 business days | ~10.5%–13% | ~85–90% of project | 24–48 hours | Fix-to-rent transitions, Midwest-based |
We Lend LLC, for NYC fix and flip with full rehab funding
We Lend launched in 2018 as a founder-led private lender built on the conviction that New York real estate investors deserved faster, more responsive capital than the market was providing. Co-founders Ruben Izgelov, Moses Suleymanov, and Solomon Suleymanov had all operated as New York investors themselves before structuring the firm around a single priority: fund the deal before the window closes. The company operates out of New York and has since funded over $700 million in loans across New York and New Jersey, backed by a $20 million Webster Bank credit facility. Their fix and flip program starts at 8.75 percent, covers 100 percent of rehab costs, and funds in 3 to 7 business days from appraisal receipt. The firm carries a 68 percent repeat borrower rate and zero principal loss across its entire portfolio.
We Lend is built for experienced investors and mortgage brokers running active deal flow in the New York metro. Ruben Izgelov remains directly reachable, and the team's working knowledge of borough-level deal structures, HPD compliance requirements, and New York title timelines means underwriting reflects the actual market, not a generic national template. The broker program carries no upfront fees and protects the client relationship throughout. For complex transactions, including foreclosure bailouts, rescue loans, and ground-up construction in Brooklyn, Queens, and the Bronx, We Lend funds structures that institutional lenders will not touch. Their term sheet turnaround of 2 to 4 hours reflects a team making real credit decisions quickly, on real deals, in real New York neighborhoods.
Location: New York, NY
Year Founded: 2018
Price Range: $$-$$$
Average Review Score: 4.0/5.0 (Trustpilot)
Services Offered: Fix and Flip, Bridge, DSCR/Rental, Ground-Up Construction, Rescue and Bailout Loans
| Summary of Online Reviews |
| Borrowers consistently praise We Lend for "fast closings," "a team that stays involved from start to finish," and "direct access to decision-makers who actually know New York"; the primary critique in earlier reviews notes that a more robust online tracking portal would improve the borrower experience between milestones. |
Stormfield Capital, for Northeast balance sheet fix and flip
Stormfield Capital is a Connecticut-based direct balance sheet lender that holds every loan it originates in-house, with no third-party handoffs between underwriting and servicing. The firm has deployed over $1.75 billion across fix and flip, bridge, and construction transactions, with New York, New Jersey, and Connecticut among its most active markets. Their fix and flip program starts at 8.99 percent, reaches up to 92.5 percent LTC, and closes in 7 to 10 business days. Loan amounts run from $150,000 to $5 million and beyond, with 12- to 18-month terms and flexible prepayment. Stormfield accepts first-time flippers with strong credit and liquidity, as well as seasoned investors running multiple concurrent projects.
The balance sheet structure is central to Stormfield's execution: when a deal's terms need to flex, Stormfield does not wait on a committee. Every credit decision and draw disbursement stays with the same team from application through payoff. Their digital portal allows borrowers to apply, sign, and track loans from a phone. Stormfield does not offer DSCR rental loans, rescue lending, or a single lender relationship covering multiple product types.
Location: Stamford, CT
Year Founded: 2015
Price Range: $$-$$$
Average Review Score: Not publicly listed on major third-party platforms
Services Offered: Fix and Flip, Bridge, Ground-Up Construction
| Summary of Online Reviews |
| Investor feedback on Stormfield Capital centers on "lenders who do what they say," "reliable draws and fast communication," and a team described as "local, which I prefer"; critical notes from some investors mention that the program scope does not extend to DSCR or rescue lending, limiting its utility for full-cycle portfolio operators. |
New Silver, for tech-driven fast approval in New York
New Silver is a technology-first private lender operating nationally, including in New York, with a fix and flip product that delivers automated proof of funds within minutes of application. Their rates run from 8.5 to 11 percent, with up to 90 percent LTC and 18-month terms. Loan amounts reach $5 million. Their Trustpilot score of 4.8 out of 5, compiled from nearly 150 verified reviews, is the highest on this list and reflects consistent borrower satisfaction with the platform experience, the speed of pre-approval, and the ease of documentation. New Silver's underwriting does not require extensive paperwork for experienced borrowers, and the platform allows investors to move from application to proof of funds in a single session.
The trade-off in selecting New Silver for New York deals is that automated underwriting does not carry the same borough-level specificity as a team that physically underwrites New York deals every day. New York's certificate of occupancy process, HPD compliance requirements, and block-by-block after-repair value variance are variables that a rules-based automated system handles differently than an underwriter who closes New York deals every week. For investors running deals in suburban New York markets or outside the five boroughs, New Silver's speed and pricing are competitive. For complex brownstone flips in Bed-Stuy or multi-unit conversions in the South Bronx, a lender with daily hands-on New York market experience is likely to produce fewer surprises at draw time.
Location: National
Year Founded: 2018
Price Range: $$-$$$
Average Review Score: 4.8/5.0 (Trustpilot, ~150 reviews)
Services Offered: Fix and Flip, Bridge, DSCR/Rental
| Summary of Online Reviews |
| Borrowers highlight New Silver's "seamless platform experience," "fast proof of funds for competitive offers," and "rates that hold through to closing"; the most common critique notes that complex deal structures or unique property types may require manual underwriting review, extending the automated timeline. |
Ridge Street Capital, for multi-state DSCR and fix and flip
Ridge Street Capital is a balance sheet lender operating across 35 states, including New York, with a dual focus on fix and flip loans and DSCR rental financing. Founded in 2024, the firm has expanded its multi-state operations while maintaining a direct-access lending model. In New York, fix and flip rates range from 10.5 to 11.5 percent with origination fees of 1.5 to 2.99 percent, a 7-business-day closing target, no prepayment penalty, and 100 percent coverage of rehab costs within a maximum 90 percent LTC. Ridge Street positions itself as a direct-access option: no broker layer between the borrower and underwriting, and no upfront fees before a term sheet is issued.
Ridge Street Capital holds a Trustpilot score of 4.0 out of 5 from 17 reviews. Their primary limitation in the New York fix and flip context is rate. At 10.5 to 11.5 percent for New York deals, Ridge Street sits 1.75 to 2.75 percentage points above the top-ranked lenders on this list. For an investor running a 12-month flip, that spread is real carry cost. Ridge Street makes more sense for investors who want a single lender covering fix and flip activity across multiple states alongside a rental portfolio, rather than an investor whose primary focus is competitive-rate fix and flip capital in the New York metro.
Location: National
Year Founded: 2024
Price Range: $$$
Average Review Score: 4.0/5.0 (Trustpilot, 17 reviews)
Services Offered: Fix and Flip, DSCR/Rental (35 states)
| Summary of Online Reviews |
| Ridge Street Capital reviewers note "clear communication throughout the process," "no hidden fees," and an "easy application experience for DSCR deals"; critical feedback notes that competitive rates on fix and flip deals in established markets like New York require comparison shopping against more established regional lenders. |
CoreVest Finance, for institutional bridge and rental portfolios
CoreVest Finance, founded in 2014 and acquired by Redwood Trust in 2019, is one of the largest institutional private lenders in the residential investment space. Their loan programs cover bridge loans, fix and flip, DSCR rentals, new construction, and multifamily. Their Trustpilot score of 4.0 out of 5, drawn from 102 reviews, is one of the larger verified review pools on this list and reflects a professional, process-driven borrower experience. CoreVest's capital depth through Redwood Trust gives them a loan ceiling that smaller balance sheet lenders cannot match, and their fixed-rate DSCR rental product is among the most competitive for investors building long-term hold portfolios.
The single most significant limitation of CoreVest for a New York fix and flip investor is their closing timeline. At 14 to 21 business days, their funding window is three to four times slower than the top-ranked lenders on this list. In a market where competitive Brooklyn and Queens deals require fast commitment, CoreVest's institutional process is a poor fit for a competitive New York deal timeline. The firm is well-suited to investors managing or acquiring rental portfolios across multiple markets, where their scale, loan range, and capital reliability create real value. For an investor running a single fix and flip transaction in New York where a week's delay can cost a deal, CoreVest is not the right fit.
Location: Irvine, CA
Year Founded: 2014
Price Range: $$$-$$$$
Average Review Score: 4.0/5.0 (Trustpilot, 102 reviews)
Services Offered: Bridge, Fix and Flip, DSCR/Rental, Ground-Up Construction, Multifamily
| Summary of Online Reviews |
| CoreVest borrowers describe "a professional team with strong product knowledge," "reliable capital for rental portfolios," and "structured communication at every stage of the process"; the most cited critique is the closing timeline, with reviewers noting that "the approval process moves slower than expected" for investors who need to close quickly. |
Renovo Financial, for fix-to-rent transitions
Renovo Financial, founded in 2011 and based in Chicago, has built its reputation around fix and flip and fix-to-rent financing for residential real estate investors across multiple markets, including New York. The firm has earned recognition through industry rankings, including top-three placement in fix and flip by one private lending publication, and an S&P-rated loan servicing operation through its affiliated entity. Their loan suite covers rehab loans, DSCR rentals, and new construction, structured to support the borrower from acquisition through stabilization.
Renovo's Trustpilot score of 2.5 out of 5, drawn from only four reviews, is the thinnest and lowest verified third-party score on this list. The sample size is too small to support a strong conclusion, but the score warrants transparency. Their Chicago headquarters and multi-market operational model mean New York deal familiarity is not the same as a lender whose primary pipeline runs through New York City. For investors whose activity spans multiple Midwest or Southeastern markets with occasional New York deals, Renovo's loan range and multi-stage coverage are worth evaluating. For investors whose primary focus is fast, high-volume fix and flip in the New York metro, the alternatives ranked above offer stronger combinations of speed, local knowledge, and pricing.
Location: Chicago, IL
Year Founded: 2011
Price Range: $$$
Average Review Score: 2.5/5.0 (Trustpilot, 4 reviews)
Services Offered: Fix and Flip, DSCR/Rental, Ground-Up Construction
| Summary of Online Reviews |
| Renovo Financial's Trustpilot profile is based on four verified reviews and shows mixed feedback; reviewers note "a knowledgeable origination team" and "smooth processing on straightforward deals"; the critical concern raised is that "responsiveness drops after initial intake," with some borrowers citing delays in draw disbursement during the renovation phase. |
Spin-Off Rankings
We also broke down the top lenders into three subcategories based on specialty.
The Best Hard Money Lenders for Fix and Flip in New York by NY Market Depth
- We Lend LLC: NYC-based, $700M+ funded in NY/NJ, borough-specific underwriting, direct founder involvement
- Stormfield Capital: Northeast core markets with NY/NJ as primary deal volume; balance sheet structure gives local flexibility
- Ridge Street Capital: Active in New York with competitive NY-specific loan pages and regional presence
- New Silver: National platform actively lending in New York; consistent deal flow without NY-native underwriting depth
The Best Hard Money Lenders for Fix and Flip in New York by Rehab Financing Flexibility
- We Lend LLC: 100% of rehab costs funded; experienced with complex gut renovations across Brooklyn, Queens, and the Bronx
- Stormfield Capital: Up to 92.5% LTC with in-house draw management and flexible prepayment
- New Silver: Up to 90% LTC; reliable for standard rehab scopes on well-documented properties
- Ridge Street Capital: 100% of rehab within a 90% LTC cap; no prepayment penalty adds flexibility on shorter holds
The Best Hard Money Lenders for Fix and Flip in New York by Broker and Investor Accessibility
- We Lend LLC: No upfront fees; broker-friendly with protected client relationships; direct access to founders; 2 to 4 hour term sheets
- Stormfield Capital: Named investment associate per deal; in-house servicing reduces mid-deal handoffs; digital platform with mobile access
- New Silver: Dedicated broker portal; fast proof of funds simplifies offer submission; transparent online documentation
- Ridge Street Capital: No broker layer between borrower and underwriting; no upfront fees; clear fee structure
- CoreVest Finance: Professional broker program with institutional support; strong for portfolio-level deals requiring multi-product relationships
Submit your fix and flip deal at welendllc.com. We fund the purchase and the full rehab.
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